The Insight Select Income Fund (NYSE: INSI) has declared a quarterly dividend of $0.20 per share, payable on December 29, 2020, with a record date of December 22, 2020. The fund will also distribute a short-term capital gain of $0.1885 and a long-term capital gain of $0.3036, all payable on the same date. The total dividend payments for the last four quarters amount to approximately $0.80 per share. Investors should note that some distributions may include return of capital, which is not derived from net investment income.
Insight Select Income Fund (NYSE: INSI) held a Special Meeting of Shareholders on November 5, 2020, where all proposals were approved, including amendments to the investment advisory agreement and revisions to fundamental investment policies. The Fund is now permitted to use leverage under the Investment Company Act of 1940, leading to potential increases in investment advisory fees. While leveraging may enhance returns, it also magnifies risks, including greater volatility in net asset value and market price. The Fund aims for high returns through debt securities, emphasizing cautious leverage management.
The Insight Select Income Fund (INSI) declared a quarterly dividend of $0.20, payable on October 28, 2020, to shareholders of record by the close of business on October 20, 2020. The ex-dividend date is October 19, 2020. Over the last four quarters, the total dividend from ordinary income amounts to approximately $0.8316 per share. The Fund focuses on high returns primarily through interest income and trading activities in debt securities, while also aiming for capital appreciation.