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CHICAGO, May 09, 2025--(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. (the "Adviser"), previously announced the following monthly distribution on March 17, 2025:
| Per Share Amount | Ex-Date | Record Date | Payable Date |
| $0.065 | April 30, 2025 | April 30, 2025 | May 12, 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 6.5 cent per share distribution level.
The following table sets forth the estimated amounts of the Fund’s April 2025 distribution to shareholders of record at the close of business on April 30, 2025 (ex-date April 30, 2025), payable May 12, 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 U.S. generally accepted accounting principles which may differ from federal income tax regulations.
| Distribution Estimates | April 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 | $ | 0.003 | 4.4 | % | $ | 0.098 | 25.2 | % |
| Net Realized Short-Term Capital Gains |
| 0.000 | 0.0 | % |
| 0.000 | 0.0 | % |
| Net Realized Long-Term Capital Gains |
| 0.038 | 58.8 | % |
| 0.262 | 67.2 | % |
| Return of Capital (or other Capital Source) |
| 0.024 | 36.8 | % |
| 0.030 | 7.6 | % |
| Total Distribution per common share | $ | 0.065 | 100.0 | % | $ | 0.390 | 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’.