DNP Select Income Fund announces dividends and distribution sources

CHICAGO, September 19, 2024–(BUSINESS WIRE)–DNP Select Income Fund Inc. Management Board (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today agreed to pay dividends on its common stock as follows:

The Fund adopted a Managed Distribution Plan (the “Plan”) in 2007 to maintain its current distribution rate of 6.5 cents per share. Under the Plan, the Fund will distribute all available investment income to its shareholders consistent with the primary objective of the Fund. If sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or a return of capital to its shareholders to maintain a distribution level of 6.5 cents per share.

The table below sets forth the estimated amounts of the Fund’s current monthly distributions as of September 10, 2024, along with cumulative distributions paid during the current fiscal year to date from the following sources. The taxable year is November 1, 2023, through October 31, 2024. All amounts are expressed on a per common share basis based on U.S. generally accepted accounting principles, which may differ from federal income tax laws.

No conclusions should necessarily be drawn about the Fund’s investment performance based on the amount of these distributions or the terms of the Fund Plan.

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The amounts and sources of distributions provided in this notice are estimates only and are not provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of the taxable year and may be subject to change based on tax regulations. The Fund or your broker will send you Form 1099-DIV for the calendar year, which will tell you how to report these distributions for federal income tax purposes.

The Fund will issue a separate notice in accordance with Art. 19(a) at the time of each monthly paycheck, 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 income growth. The Fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the utilities industry. For more information, visit dpimc.com/dnp or call (800) 864-0629.

About the Investment Advisor

Duff & Phelps Investment Management Co,. affiliate manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has managed assets since 1979. The firm strives to provide specialized investment strategies that improve client performance through active portfolio management and custom solutions, using a process with values ​​that include quality, reliability and specialization. Investment strategies include U.S. and global real estate securities, global publicly traded infrastructure, energy infrastructure, water and clean energy.

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Communication

Dianna P. Wengler, Donny C. Overton or Clayton J. Minor, (833) 604-3163