CHICAGO, July 9, 2014 /PRNewswire/ --
Notification of Sources of Distribution
|
Distribution Period
|
June 2014
|
|
Distribution Amount Per Share of Common
Stock
|
$0.065
|
The following table sets forth the estimated amounts of
the current distribution, payable July 10,
2014, and the cumulative distributions paid
this fiscal year to date from the following sources: net investment
income; net realized short term capital gains; net
realized long term capital gains; and return of capital or other
capital source. All amounts are expressed per share of
common stock based on U.S. generally accepted accounting
principles, which may differ from federal income tax
regulations.
|
Current
Distribution ($)
|
% Breakdown of
the Current
Distribution
|
Total Cumulative
Distributions for
the Fiscal Year
to Date ($)
|
% Breakdown
of the Total
Cumulative
Distributions for
the Fiscal Year
to Date
|
|
Net Investment
Income
|
0.049
|
75%
|
0.296
|
57%
|
|
Net Realized Long
Term Capital Gains
|
0.004
|
7%
|
0.167
|
32%
|
|
Return of Capital or
Other Capital Source
|
0.012
|
18%
|
0.057
|
11%
|
|
Total (per common
share)
|
0.065
|
100%
|
0.520
|
100%
|
|
Average annual total return* (in relation to NAV) for
the 5 years ended on June 30, 2014
|
21.9%
|
|
Annualized current distribution rate expressed as a
percentage of NAV as of June 30, 2014
|
7.6%
|
|
Cumulative total return (in relation to NAV) for the
fiscal year through June 30, 2014
|
21.0%
|
|
Cumulative fiscal year distributions as a percentage
of NAV as of June 30, 2014
|
5.1%
|
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.
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.