DNP Select Income Fund Inc. Section 19(a) Notice
05/09/2022 - 05:30 PM
CHICAGO , May 9, 2022 /PRNewswire/ --
Notification of Sources of Distribution
Distribution Period
April 2022
Distribution Amount Per Share of Common Stock
$0.065
The following table sets forth the estimated amounts of the current distribution, payable May 10, 2022 to shareholders of record April 29, 2022 , together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022 . 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 2022
Fiscal YTD
Sources
Per Share Amount
% of Current Distribution
Per Share Amount
% of Cumulative Distributions
Net Investment Income
$0.018
28%
$0.129
33%
Net Realized Short-Term Capital Gains
-
-
-
-
Net Realized Long-Term Capital Gains
0.047
72%
0.261
67%
Return of Capital (or Other Capital Source)
-
-
-
-
Total (per common share)
$0.065
100%
$0.390
100%
March 31, 2022
Average annual total return* on NAV for the 5 years
10.75%
Annualized current distribution rate as a percentage of NAV
7.51%
Cumulative total return on NAV for the fiscal YTD
13.68%
Cumulative fiscal YTD distributions as a percentage of NAV
3.13%
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.
Source: DNP Select Income Fund Inc.
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SOURCE DNP Select Income Fund Inc.
DNP Select Income Fund Inc.
DNP Rankings
#2933 Ranked by Stock Gains
DNP Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
Louisville
About DNP
duff & phelps investment management co. is a chicago based sec registered investment advisor that was founded in 1932 as an investment research firm. duff & phelps has over 30 years of experience managing investment portfolios for institutional separate accounts and both open- and closed-end funds. our funds have received 20 lipper awards for top performance in peer comparisons. duff & phelps' product lines include global utilities, global infrastructure, global real estate, investment grade fixed income and large cap equities. duff & phelps is a wholly-owned subsidiary of publicly traded virtus investment partners (nasdaq:vrts, http://www.virtus.com).