Le Lézard
Classified in: Business
Subject: DIV

DNP Select Income Fund Announces Dividends and Sources of Distribution

CHICAGO, Sept. 20, 2021 /PRNewswire/ -- The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows:

Cents Per Share

Ex-Dividend Date

Record Date

Payable Date


October 28, 2021

October 29, 2021

November 10, 2021


November 29, 2021

November 30, 2021

December 10, 2021


December 30, 2021

December 31, 2021

January 10, 2022

The Fund adopted a Managed Distribution Plan (the "Plan") in 2007 to maintain its current 6.5 cent per share distribution rate.  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 and/or return of capital to its shareholders in order to maintain the 6.5 cent per share distribution level.

The following table sets forth the estimated amounts of the Fund's current monthly distribution, payable September 10, 2021, together with the cumulative distributions paid this fiscal year to date from the following sources.  The fiscal year is from November 1, 2020 to October 31, 2021.  All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Notification of Sources of Distribution

Distribution Period: August 2021

Distribution Amount Per Share of Common Stock:  $0.065


August 2021

Fiscal YTD


Per Share

% of Current

Per Share

% of

Net Investment Income





Net Realized Short-
Term Capital Gains





Net Realized Long-
Term Capital Gains





Return of Capital (or
Other Capital Source)






(per common share)






July 31, 2021

Average annual total return* on NAV for the 5 years ended


Annualized current distribution rate as a percentage of NAV


Cumulative total return on NAV for the fiscal YTD


Cumulative fiscal year distributions as a percentage of NAV


* Simple arithmetic average of each of the past five annual returns.

You should not necessarily draw any conclusions about the Fund's investment performance from the amount of these distributions or from the terms of the Fund's Plan.

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.

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. 

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 www.dpimc.com/dnp or call (800) 864-0629.

About the Investment Adviser

Duff & Phelps Investment Management Co. has more than 40 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investment trusts (REITs).  For more information, visit www.dpimc.com.

Duff & Phelps is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $178.6 billion under management as of June 30, 2021.  Virtus provides investment management products and services to individuals and institutions through a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand.  Additional information can be found at www.virtus.com.

SOURCE DNP Select Income Fund Inc.

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