In This Article:
CHICAGO, March 17, 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"), authorized the payment of dividends on its common stock as follows:
| Per Share Amount | Ex-Date | Record Date | Payable Date |
| $0.065 | April 30, 2025 | April 30, 2025 | May 12, 2025 |
| $0.065 | May 30, 2025 | May 30, 2025 | June 10, 2025 |
| $0.065 | June 30, 2025 | June 30, 2025 | July 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 Fund previously provided this estimate of the sources of the February 2025 distributions:
| Distribution Estimates | February 2025 (MTD) | Fiscal Year-to-Date (YTD)(1) | ||||||||
| (Sources) | Per Share | Percentage | Per Share | Percentage | ||||||
| Net Investment Income | $ | 0.027 |
| 41.6 | % | $ | 0.075 |
| 28.8 | % |
| Net Realized Short-Term Capital Gains |
| 0.000 | 0.0 | % |
| 0.003 | 1.2 | % | ||
| Net Realized Long-Term Capital Gains |
| 0.032 |
| 49.2 | % |
| 0.182 |
| 70.0 | % |
| Return of Capital (or other Capital Source) |
| 0.006 |
| 9.2 | % |
| 0.000 |
| 0.0 | % |
| Total Distribution | $ | 0.065 |
| 100.0 | % | $ | 0.260 |
| 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’.