DNP Select Income Fund Inc. Announces Dividends
DNP Select Income Fund (NYSE: DNP) announced the continuation of its Managed Distribution Plan, maintaining its monthly dividend of 6.5 cents per share. The Plan, adopted in 2007, aims to distribute all available investment income to shareholders, with any shortfall supplemented through long-term capital gains and/or return of capital to maintain the consistent distribution level.
The Fund disclosed that it has distributed more than its income and capital gains, indicating that a portion of distributions may represent a return of capital. Shareholders will receive Form 1099-DIV for tax reporting purposes, with final distribution sources depending on the Fund's investment performance through the fiscal year.
Il DNP Select Income Fund (NYSE: DNP) ha annunciato il proseguimento del suo Piano di Distribuzione Gestito, mantenendo il dividendo mensile di 6,5 centesimi per azione. Il Piano, adottato nel 2007, ha l'obiettivo di distribuire tutto il reddito da investimento disponibile agli azionisti, con eventuali carenze supplementate attraverso guadagni di capitale a lungo termine e/o restituzione di capitale per mantenere un livello di distribuzione costante.
Il Fondo ha rivelato di aver distribuito più del proprio reddito e guadagni di capitale, indicando che una parte delle distribuzioni potrebbe rappresentare una restituzione di capitale. Gli azionisti riceveranno il Modulo 1099-DIV per fini di reporting fiscale, con le fonti finali delle distribuzioni che dipendono dalle performance di investimento del Fondo durante l'anno fiscale.
El DNP Select Income Fund (NYSE: DNP) anunció la continuación de su Plan de Distribución Gestionada, manteniendo su dividendo mensual de 6.5 centavos por acción. El Plan, adoptado en 2007, tiene como objetivo distribuir todos los ingresos de inversión disponibles a los accionistas, con cualquier déficit complementado a través de ganancias de capital a largo plazo y/o devolución de capital para mantener un nivel de distribución constante.
El Fondo reveló que ha distribuido más de sus ingresos y ganancias de capital, lo que indica que una parte de las distribuciones puede representar una devolución de capital. Los accionistas recibirán el Formulario 1099-DIV para fines de informes fiscales, con las fuentes finales de distribución dependiendo del rendimiento de inversión del Fondo durante el año fiscal.
DNP 선택 소득 펀드 (NYSE: DNP)는 관리 배당 계획의 지속을 발표하며 주당 6.5센트의 월 배당금을 유지합니다. 2007년에 채택된 이 계획은 주주에게 사용 가능한 모든 투자 수익을 분배하는 것을 목표로 하며, 부족분은 장기 자본 이득 및/또는 자본 반환을 통해 보충하여 일관된 배당 수준을 유지합니다.
펀드는 수익과 자본 이득을 초과하여 분배했음을 밝혔으며, 이는 일부 분배가 자본 반환을 나타낼 수 있음을 의미합니다. 주주는 세금 보고를 위해 1099-DIV 양식을 받게 되며, 최종 분배 출처는 회계 연도 동안 펀드의 투자 성과에 따라 달라집니다.
Le DNP Select Income Fund (NYSE: DNP) a annoncé la poursuite de son Plan de Distribution Géré, maintenant son dividende mensuel de 6,5 cents par action. Le Plan, adopté en 2007, vise à distribuer tous les revenus d'investissement disponibles aux actionnaires, avec tout déficit complété par des gains en capital à long terme et/ou un retour de capital pour maintenir un niveau de distribution constant.
Le Fonds a révélé avoir distribué plus que ses revenus et gains en capital, ce qui indique qu'une partie des distributions pourrait représenter un retour de capital. Les actionnaires recevront le Formulaire 1099-DIV à des fins de déclaration fiscale, les sources finales de distribution dépendant de la performance d'investissement du Fonds au cours de l'exercice.
Der DNP Select Income Fund (NYSE: DNP) hat die Fortsetzung seines Managed Distribution Plans angekündigt und hält die monatliche Dividende von 6,5 Cent pro Aktie aufrecht. Der 2007 eingeführte Plan zielt darauf ab, allen verfügbaren Anlageertrag an die Aktionäre auszuschütten, wobei eventuelle Fehlbeträge durch langfristige Kapitalgewinne und/oder Rückzahlungen von Kapital ergänzt werden, um das konsistente Verteilungsniveau aufrechtzuerhalten.
Der Fonds gab bekannt, dass er mehr als seine Einkünfte und Kapitalgewinne ausgeschüttet hat, was darauf hinweist, dass ein Teil der Ausschüttungen eine Rückzahlung von Kapital darstellen könnte. Die Aktionäre erhalten das Formular 1099-DIV zu Steuerberichterstattungszwecken, wobei die endgültigen Verteilungsquellen von der Anlageperformance des Fonds im Laufe des Geschäftsjahres abhängen.
- Consistent monthly dividend payment of 6.5 cents per share
- Long-standing distribution plan since 2007
- Fund is distributing more than its income and capital gains
- Portion of distributions may represent return of capital, not actual earnings
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
April 30, 2025 |
April 30, 2025 |
May 12, 2025 |
|
May 30, 2025 |
May 30, 2025 |
June 10, 2025 |
|
June 30, 2025 |
June 30, 2025 |
July 10, 2025 |
The Fund adopted a Managed Distribution Plan (the “Plan”) in 2007 to maintain its current
Distribution Estimates |
February 2025 (MTD) |
Fiscal Year-to-Date (YTD)(1) |
||||||||
(Sources) |
Per Share
|
Percentage
|
Per Share
|
Percentage
|
||||||
Net Investment Income |
$ |
0.027 |
|
41.6 |
% |
$ |
0.075 |
|
28.8 |
% |
Net Realized Short-Term Capital Gains |
|
0.000 |
0.0 |
% |
|
0.003 |
1.2 |
% |
||
Net Realized Long-Term Capital Gains |
|
0.032 |
|
49.2 |
% |
|
0.182 |
|
70.0 |
% |
Return of Capital (or other Capital Source) |
|
0.006 |
|
9.2 |
% |
|
0.000 |
|
0.0 |
% |
Total Distribution |
$ |
0.065 |
|
100.0 |
% |
$ |
0.260 |
|
100.0 |
% |
(1) Fiscal year started November 1, 2024 |
||||||||||
As of February 28, 2025 |
|
|
Average annual total return on NAV for the 5 years* |
9.09 |
% |
Annualized current distribution rate as a percentage of NAV |
8.45 |
% |
Cumulative total return on NAV for the fiscal year |
6.41 |
% |
Cumulative fiscal year distributions as a percentage of NAV |
2.82 |
% |
* Simple arithmetic average of each of the past five annual returns. |
||
The Fund will issue a separate 19(a) notice at the time of each distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
About the Fund
DNP Select Income Fund Inc. is a closed-end diversified investment management company whose primary investment objectives are current income and long-term growth of income. The fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. For more information, please visit dpimc.com/dnp or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co. is a boutique investment manager that specializes in listed real asset strategies for institutional and individual clients. An affiliated manager of Virtus Investment Partners, Inc. (NYSE: VRTS), the firm began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include
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For Further Information:
DNP Select Income Fund
(833) 604-3163
Source: DNP Select Income Fund Inc.
FAQ
What is the current monthly dividend amount for DNP Select Income Fund?
When did DNP Select Income Fund implement its Managed Distribution Plan?
How does DNP fund its monthly distributions if investment income is insufficient?
What tax documentation will DNP shareholders receive for distributions?
