DNP Select Income Fund Announces Dividends and Sources of Distribution
16 Dezembro 2024 - 7:00PM
Business Wire
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
6.5
January 31, 2025
January 31, 2025
February 10, 2025
6.5
February 28, 2025
February 28, 2025
March 10, 2025
6.5
March 31, 2025
March 31, 2025
April 10, 2025
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, paid on December 10, 2024,
together with the cumulative distributions paid this fiscal year to
date from the following sources. The fiscal year is from 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.
Notification of Sources of Distribution
Distribution Period: November 2024 Distribution Amount Per Share of
Common Stock: $0.065
Distribution Estimates
November 2024
Fiscal YTD
Per Share Amount
% of Current Distribution
Per Share Amount
% of Cumulative Distributions
Net Investment Income
$0.028
43%
$0.028
43%
Net Realized Short-Term Capital Gains
-
-
-
-
Net Realized Long-Term Capital Gains
0.037
57%
0.037
57%
Return of Capital (or Other Capital
Source)
-
-
-
-
Total
(per common share)
$0.065
100%
$0.065
100%
August 31, 2024
Average annual total return* on NAV for
the 5 years ended
6.06%
Annualized current distribution rate as a
percentage of NAV
8.59%
Cumulative total return on NAV for the
fiscal YTD
28.21%
Cumulative fiscal year distributions as a
percentage of NAV
7.15%
* 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
dpimc.com/dnp or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co,. an affiliated
manager of Virtus Investment Partners, Inc., 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 U.S. and global real estate securities, global listed
infrastructure, energy infrastructure, water, and clean energy.
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version on businesswire.com: https://www.businesswire.com/news/home/20241216175861/en/
Dianna P. Wengler, Donny C. Overton or Clayton J. Minor, (833)
604-3163
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