CHICAGO, Oct. 7, 2016 /PRNewswire/ --
|
|
|
Notification of
Sources of Distribution
Distribution
Period
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September
2016
|
|
|
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Distribution Amount
Per Share of Common Stock
|
$0.065
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|
The following table sets forth the estimated amounts of the
current distribution, payable October 11,
2016, 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.
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Distribution
Estimates
|
September
2016
|
Year-to-date
(YTD)
|
|
Sources
|
Per Share
Amount
|
% of Current
Distribution
|
Per Share
Amount
|
% of
Cumulative
Distributions
|
|
Net Investment
Income
|
$0.025
|
39%
|
$0.293
|
41%
|
|
Net Realized
Short-Term Capital Gains
|
-
|
-
|
-
|
-
|
|
Net Realized
Long-Term Capital Gains
|
-
|
-
|
0.400
|
56%
|
|
Return of Capital (or
Other Capital Source)
|
0.040
|
61%
|
0.022
|
3%
|
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Total (per common
share)
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$0.065
|
100%
|
$0.715
|
100%
|
|
|
|
|
|
|
August 31,
2016
|
|
|
Average annual total
return* on NAV for the 5 years
|
|
|
13.97%
|
|
Annualized current
distribution rate as a percentage of NAV
|
|
|
8.23%
|
|
Cumulative total
return on NAV for the fiscal year
|
|
|
16.66%
|
|
Cumulative fiscal
year distributions as a percentage of NAV
|
|
|
6.86%
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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.
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visit:http://www.prnewswire.com/news-releases/dnp-select-income-fund-inc-section-19a-notice-300341448.html
SOURCE DNP Select Income Fund Inc.