DNP Select Income Fund Inc. Section 19(a) Notice

09 Nov, 2015, 17:36 ET from DNP Select Income Fund Inc.

CHICAGO, Nov. 9, 2015 /PRNewswire/ --

 

Notification of Sources of Distribution 




Distribution Period

October 2015



Distribution Amount Per Share of Common Stock   

$0.065

 

The following table sets forth the estimated amounts of the current distribution, payable November 10, 2015, together with the cumulative distributions paid this fiscal year to date 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

October 31, 2015

Year-to-date (YTD)

Sources

Per Share Amount

% of Current
Distribution

Per Share Amount

% of Cumulative
Distributions

Net Investment Income

$0.018

28%

$0.335

43%

Net Realized Short-Term Capital Gains

-

-

-

-

Net Realized Long-Term Capital Gains

0.047

72%

0.375

48%

Return of Capital (or Other Capital Source)

-

-

0.070

9%

Total (per common share)

$0.065

100%

$0.780

100%






September 30, 2015


Average annual total return* on NAV for the 5 years



12.19%

Annualized current distribution rate as a percentage of NAV



9.47%

Cumulative total return on NAV for the fiscal year



-4.24%

Cumulative fiscal year distributions as a percentage of NAV



8.68%

 

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 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".

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 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.dnpselectincome.com or call the Fund at (800) 864-0629.

SOURCE DNP Select Income Fund Inc.