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

Sep 09, 2013, 16:45 ET from DNP Select Income Fund Inc.

CHICAGO, Sept. 9, 2013 /PRNewswire/ --

Notification of Sources of Distribution

Distribution Period

August 2013

Distribution Amount Per Share of Common Stock


The following table sets forth the estimated amounts of the current distribution, payable September 10, 2013, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. 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 ($)

% Breakdown

of the Current


Total Cumulative

Distributions for

the Fiscal Year

to Date ($)

% Breakdown

of the Total


Distributions for

the Fiscal Year

to Date

Net Investment Income





Net Realized Long Term Capital Gains





Return of Capital or Other Capital Source 





Total (per common share)





Average annual total return* (in relation to NAV) for the 5 years ended on August 31, 2013


Annualized current distribution rate expressed as a percentage of NAV as of August 31, 2013    


Cumulative total return (in relation to NAV) for the fiscal year through August 31, 2013


Cumulative fiscal year distributions as a percentage of NAV as of August 31, 2013


You should not necessarily draw any conclusions about the Fund's investment performance from the amount of this distribution.  

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.

Notice of Change in Shareholder Mailings Schedule

In order to be good stewards of the Fund's resources, we have decided not to incur the expense of mailing the first and third quarter shareholder reports beginning in 2013.  Those reports will continue to be available in their entirety on the Fund's website, and by mail to shareholders upon request.  Although annual and semi-annual reports will continue to be mailed to shareholders, as required by law, we encourage you to access shareholder reports and other information about the Fund on the Fund's website.

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 or call the Fund at (800) 864-0629.

SOURCE DNP Select Income Fund Inc.