Insight Select Income Fund Declares Quarterly Dividend

Rhea-AI Summary

The Insight Select Income Fund (INSI) has declared a quarterly dividend of $0.20 on September 9, 2021. This dividend will be payable on October 27, 2021, to shareholders on record as of October 13, 2021, with an ex-dividend date of October 12, 2021. Over the last year, the Fund's total dividends from ordinary income amounted to approximately $0.80 per share. The Fund aims for a high rate of return through interest income and capital appreciation from debt securities.

Positive

• Declared a quarterly dividend of $0.20, reinforcing commitment to shareholder returns.
• Total dividend payments in the last year equate to $0.80 per share, indicating consistent income for investors.

Negative

• A portion of distributions may include returns of capital, which are not considered income, adding uncertainty for investors.

NEW YORK--(BUSINESS WIRE)-- Dividend Declaration

The Insight Select Income Fund (INSI) (the “Fund”) today declared a quarterly dividend of $0.20 on September 9, 2021. The total distribution of $0.20 will be payable on October 27, 2021, to shareholders of record at the close of business on October 13, 2021, with an ex-dividend date of October 12, 2021.

The Fund’s last four quarterly dividend payments from ordinary income equates to approximately $0.80 per share.

The Fund is a diversified closed-end management investment company whose investment objective is to seek a high rate of return, primarily from interest income and trading activity, from a portfolio principally consisting of debt securities. The Fund will also seek capital appreciation principally by purchasing debt securities at prices that the Adviser believes are below their intrinsic value. The Fund will also look to benefit from trading securities to optimize the risk adjusted yields in the Fund. Insight North America LLC, the Fund’s investment adviser, provides fixed income asset management to a variety of institutional clients including corporations, governmental entities, employee benefit plans, private funds and registered investment companies.

This press release is not for tax reporting purposes but is being provided to announce the amount of the Fund’s distribution that have been declared by the Board of Trustees. A portion of the Fund's current distribution may include sources other than net investment income, including a return of capital. Investors should understand that a return of capital is not a distribution from income or gains of a Fund. As required under the Investment Company Act of 1940, as amended, a notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income. The notice should not be used to prepare tax returns as the estimates indicated in the notice may differ from the ultimate federal income tax characterization of distributions. After the end of each calendar year, investors will be sent a Form 1099-DIV informing them how to report distributions received during that year for federal income tax purposes.

Statements in this press release that are not historical facts are forward-looking statements as defined by the United States securities laws. You should exercise caution in interpreting and relying on forward-looking statements because they are subject to uncertainties and other factors which are, in some cases, beyond the Fund’s control and could cause actual results to differ materially from those set forth in the forward-looking statements.

An investor should consider a Fund’s investment objectives, risks, charges and expenses carefully before investing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210909006127/en/

Vested

Eric Hazard

917-765-8720

insight@fullyvested.com

Source: Insight Select Income Fund

FAQ

What is the dividend amount declared by Insight Select Income Fund (INSI)?

The Insight Select Income Fund (INSI) has declared a quarterly dividend of $0.20.

When is the dividend payable for Insight Select Income Fund (INSI)?

The dividend will be payable on October 27, 2021.

What is the total dividend for the last year for Insight Select Income Fund (INSI)?

The total dividends from ordinary income for the last year amount to approximately $0.80 per share.

When is the ex-dividend date for the latest dividend declared by Insight Select Income Fund (INSI)?

The ex-dividend date is October 12, 2021.

What does the return of capital in a distribution mean for Insight Select Income Fund (INSI)?

A return of capital is not a distribution from income or gains and may lead to uncertainty regarding actual returns.