DNP Select Income Fund Inc. Section 19(a) Notice

CHICAGO--(BUSINESS WIRE)--February 07, 2025-- 

Notification of Sources of Distribution

 
Distribution Period                               January 2025 
                                                  -------------- 
Distribution Amount Per Share of Common Stock           $0.065 
                                                  ------------ 
 

The following table sets forth the estimated amounts of the current distribution, payable February 10, 2025 to shareholders of record January 31, 2025, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2024 to October 31, 2025. 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.

 
Distribution 
Estimates                   January 2025                   Fiscal YTD 
-------------------  ---------------------------  ---------------------------- 
                                                                     % of 
                       Per Share    % of Current    Per Share     Cumulative 
      Sources           Amount      Distribution     Amount      Distributions 
-------------------  -------------  ------------  -------------  ------------- 
Net Investment 
 Income                $     0.009           14%    $     0.049            25% 
-------------------  ---  --------  ------------  ---  --------  ------------- 
Net Realized 
 Short-Term Capital 
 Gains                       0.001            2%          0.002             1% 
-------------------  ---  --------  ------------  ---  --------  ------------- 
Net Realized 
 Long-Term Capital 
 Gains                       0.055           84%          0.144            74% 
-------------------  ---  --------  ------------  ---  --------  ------------- 
Return of Capital 
(or Other Capital 
Source)                          -             -              -              - 
-------------------  ---  --------  ------------  ---  --------  ------------- 
Total (per common 
 share)                $     0.065          100%    $     0.195           100% 
-------------------  ---  --------  ------------  ---  --------  ------------- 
 
November 30, 2024 
---------------------------------------------------------------  ------------- 
Average annual total return* on 
 NAV for the 5 years                                                     8.44% 
----------------------------------  ------------  -------------  ------------- 
Annualized current distribution 
 rate as a percentage of NAV                                             8.21% 
----------------------------------  ------------  -------------  ------------- 
Cumulative total return on NAV for 
 the fiscal YTD                                                          7.13% 
----------------------------------  ------------  -------------  ------------- 
Cumulative fiscal YTD 
 distributions as a percentage of 
 NAV                                                                     0.68% 
----------------------------------  ------------  -------------  ------------- 
 

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's managed distribution 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.

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

DNP Select Income Fund Inc. (NYSE: DNP) is a closed-end diversified investment management company. The Fund's 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, visit the Fund's website at www.dpimc.com/dnp or call the Fund at (800) 864-0629.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250207667106/en/

 
    CONTACT:    Dianna P. Wengler or Donny C. Overton 

(833) 604-3163

(END) Dow Jones Newswires

February 07, 2025 17:20 ET (22:20 GMT)