DNP Select Income Fund Inc. Section 19(a) Notice
November 07 2014 - 5:00PM
PR Newswire (US)
CHICAGO, Nov. 7, 2014 /PRNewswire/ --
Notification of
Sources of Distribution
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Distribution
Period
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October
2014
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Distribution Amount
Per Share of Common Stock
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$0.065
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The following table
sets forth the estimated amounts of the current distribution,
payable November 10, 2014, and
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the cumulative
distributions paid this fiscal year to date from the following
sources: net investment income; net
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realized short term
capital gains; net realized long term capital gains; and return of
capital or other capital source.
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All amounts are
expressed per share of common stock based on U.S. generally
accepted accounting principles,
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which may differ from
federal income tax regulations.
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Current
Distribution
($)
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% Breakdown
of
the Current
Distribution
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Total
Cumulative
Distributions
for
the Fiscal
Year
to Date
($)
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%
Breakdown
of the
Total
Cumulative
Distributions
for
the Fiscal
Year
to Date
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Net Investment
Income
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0.018
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27%
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0.390
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50%
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Net Realized Short
Term Capital Gains
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0.000
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0%
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0.008
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1%
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Net Realized Long
Term Capital Gains
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0.000
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0%
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0.289
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37%
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Return of Capital or
Other Capital Source
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0.047
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73%
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0.093
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12%
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Total (per common
share)
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0.065
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100%
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0.780
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100%
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Average annual total
return* (in relation to NAV) for the 5 years ended on October 31,
2014
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20.3%
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Annualized current
distribution rate expressed as a percentage of NAV as of October
31, 2014
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7.6%
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Cumulative total
return (in relation to NAV) for the fiscal year through October 31,
2014
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23.4%
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Cumulative fiscal
year distributions as a percentage of NAV as of October 31,
2014
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7.6%
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You should not
necessarily draw any conclusions about the Fund's investment
performance from the amount of this
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distribution.
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The Fund estimates
that it has distributed more than its income and capital gains;
therefore, a portion of your distribution
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may be a return of
capital. A return of capital may occur, for example, when some or
all of the money that you invested
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in the Fund is paid
back to you. A return of capital distribution does not necessarily
reflect the Fund's investment
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performance and
should not be confused with "yield" or "income."
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The amounts and
sources of distributions reported in this Notice are
only estimates and are not being provided for
tax
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reporting purposes.
The actual amounts and sources of the amounts for tax reporting
purposes will depend upon the
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Fund's investment
experience during the remainder of the fiscal year and may be
subject to changes based on tax
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regulations. The Fund
will send you a Form 1099-DIV for the calendar year that will tell
you how to report these
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distributions for
federal income tax purposes.
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* Simple
arithmetic average of each of the past five annual
returns.
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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.
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