DNP Select Income Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice
DNP Select Income Fund has announced its March 2025 monthly distribution of $0.065 per share, payable on April 10, 2025, to shareholders of record as of March 31, 2025. The distribution breakdown includes:
- 28.9% from Net Investment Income ($0.019)
- 37.8% from Net Realized Long-Term Capital Gains ($0.025)
- 6.0% from Net Realized Short-Term Capital Gains ($0.003)
- 27.3% from Return of Capital ($0.018)
The Fund, operating under a managed distribution plan since 2007, maintains a 6.5 cent per share distribution level. As of February 28, 2025, the Fund reported an average annual total return on NAV of 9.09% over five years, with an annualized current distribution rate of 8.45% as a percentage of NAV. The cumulative total return on NAV for the fiscal year stands at 6.41%.
Il DNP Select Income Fund ha annunciato la sua distribuzione mensile di marzo 2025 di $0.065 per azione, che sarà pagata il 10 aprile 2025, agli azionisti registrati al 31 marzo 2025. La suddivisione della distribuzione include:
- 28.9% da Reddito Netto da Investimenti ($0.019)
- 37.8% da Guadagni in Capitale a Lungo Termine Realizzati ($0.025)
- 6.0% da Guadagni in Capitale a Breve Termine Realizzati ($0.003)
- 27.3% da Restituzione di Capitale ($0.018)
Il Fondo, che opera sotto un piano di distribuzione gestito dal 2007, mantiene un livello di distribuzione di 6.5 centesimi per azione. Al 28 febbraio 2025, il Fondo ha riportato un rendimento totale medio annuale sul NAV del 9.09% su cinque anni, con un tasso di distribuzione annualizzato attuale dell'8.45% come percentuale del NAV. Il rendimento totale cumulativo sul NAV per l'anno fiscale si attesta al 6.41%.
El DNP Select Income Fund ha anunciado su distribución mensual de marzo de 2025 de $0.065 por acción, que se pagará el 10 de abril de 2025, a los accionistas registrados al 31 de marzo de 2025. La descomposición de la distribución incluye:
- 28.9% de Ingresos Netos por Inversiones ($0.019)
- 37.8% de Ganancias de Capital a Largo Plazo Realizadas ($0.025)
- 6.0% de Ganancias de Capital a Corto Plazo Realizadas ($0.003)
- 27.3% de Devolución de Capital ($0.018)
El Fondo, que opera bajo un plan de distribución gestionado desde 2007, mantiene un nivel de distribución de 6.5 centavos por acción. A 28 de febrero de 2025, el Fondo reportó un rendimiento total anual promedio sobre el NAV del 9.09% durante cinco años, con una tasa de distribución anualizada actual del 8.45% como porcentaje del NAV. El rendimiento total acumulado sobre el NAV para el año fiscal se sitúa en el 6.41%.
DNP 선택 소득 기금은 2025년 3월 주당 $0.065의 월 배당금을 발표했으며, 2025년 4월 10일에 2025년 3월 31일 기준 주주에게 지급됩니다. 배당금의 세부 사항은 다음과 같습니다:
- 28.9%는 순 투자 수익($0.019)에서 발생
- 37.8%는 실현된 장기 자본 이익($0.025)에서 발생
- 6.0%는 실현된 단기 자본 이익($0.003)에서 발생
- 27.3%는 자본 환급($0.018)에서 발생
2007년부터 관리 배당 계획 하에 운영되는 이 기금은 주당 6.5센트의 배당 수준을 유지하고 있습니다. 2025년 2월 28일 기준으로, 이 기금은 5년 동안 NAV에 대한 평균 연간 총 수익률이 9.09%라고 보고했으며, NAV의 비율로 현재 연간화된 배당률은 8.45%입니다. 회계 연도에 대한 NAV의 누적 총 수익률은 6.41%입니다.
Le DNP Select Income Fund a annoncé sa distribution mensuelle de mars 2025 de 0,065 $ par action, payable le 10 avril 2025, aux actionnaires inscrits au 31 mars 2025. La répartition de la distribution comprend :
- 28.9% provenant des Revenus Nets d'Investissement (0,019 $)
- 37.8% provenant des Gains en Capital à Long Terme Réalisés (0,025 $)
- 6.0% provenant des Gains en Capital à Court Terme Réalisés (0,003 $)
- 27.3% provenant du Remboursement de Capital (0,018 $)
Le Fonds, qui fonctionne sous un plan de distribution géré depuis 2007, maintient un niveau de distribution de 6,5 cents par action. Au 28 février 2025, le Fonds a rapporté un rendement total annuel moyen sur le NAV de 9,09% sur cinq ans, avec un taux de distribution annualisé actuel de 8,45% en pourcentage du NAV. Le rendement total cumulé sur le NAV pour l'exercice s'élève à 6,41%.
Der DNP Select Income Fund hat seine monatliche Ausschüttung für März 2025 in Höhe von $0.065 pro Aktie bekannt gegeben, die am 10. April 2025 an die Aktionäre ausgezahlt wird, die am 31. März 2025 im Aktienregister stehen. Die Aufschlüsselung der Ausschüttung umfasst:
- 28.9% aus Nettoanlageerträgen ($0.019)
- 37.8% aus realisierten langfristigen Kapitalgewinnen ($0.025)
- 6.0% aus realisierten kurzfristigen Kapitalgewinnen ($0.003)
- 27.3% aus Kapitalrückzahlungen ($0.018)
Der Fonds, der seit 2007 unter einem verwalteten Ausschüttungsplan operiert, hält ein Ausschüttungsniveau von 6.5 Cent pro Aktie aufrecht. Zum 28. Februar 2025 berichtete der Fonds von einer durchschnittlichen jährlichen Gesamtrendite auf das NAV von 9.09% über fünf Jahre, mit einer annualisierten aktuellen Ausschüttungsquote von 8.45% in Prozent des NAV. Die kumulierte Gesamtrendite auf das NAV für das Geschäftsjahr liegt bei 6.41%.
- None.
- None.
Per Share Amount |
Ex-Date |
Record Date |
Payable Date |
|
March 31, 2025 |
March 31, 2025 |
April 10, 2025 |
The Fund adopted a managed distribution plan (the “Plan”) in 2007. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund’s primary objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains or return of capital or both to its shareholders in order to maintain the
The following table sets forth the estimated amounts of the Fund’s March 2025 distribution to shareholders of record at the close of business on March 31, 2025 (ex-date March 31, 2025), payable April 10, 2025, together with the cumulative distributions paid from the first day of the fiscal year to this month end from the following sources. All amounts are expressed per share of common stock based on
Distribution Estimates |
March 2025 (MTD) |
Fiscal Year-to-Date (YTD)(1) |
||||
(Sources) |
Per Share Amount |
Percentage of Current Distribution |
Per Share Amount |
Percentage of Current Distribution |
||
Net Investment Income |
$ |
0.019 |
|
$ |
0.096 |
|
Net Realized Short-Term Capital Gains |
|
0.003 |
|
|
0.005 |
|
Net Realized Long-Term Capital Gains |
|
0.025 |
|
|
0.218 |
|
Return of Capital (or other Capital Source) |
|
0.018 |
|
|
0.006 |
|
Total Distribution per common share |
$ |
0.065 |
|
$ |
0.325 |
|
(1) Fiscal year started November 1, 2024 |
||||||
As of February 28, 2025 |
|
Average annual total return on NAV for the 5 years* |
|
Annualized current distribution rate as a percentage of NAV |
|
Cumulative total return on NAV for the fiscal year |
|
Cumulative fiscal year distributions as a percentage of NAV |
|
* 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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DNP Select Income Fund
(800) 864-0629
Source: DNP Select Income Fund Inc.
FAQ
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When did DNP Select Income Fund implement its managed distribution plan?
