CHICAGO, June 7 /PRNewswire-FirstCall/ -- Notification of Sources of Distribution Distribution Period: May 2007 Distribution Amount Per Share of Common Stock: $0.065 The following table sets forth the estimated amounts of the current distribution, payable June 11, 2007, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations. % Breakdown of the Total Total Cumulative Cumulative Distributions Distributions % Breakdown for the for the Current of the Current Fiscal Year Fiscal Year Distribution($) Distribution to Date ($) to Date Net Investment Income 0.030 46% 0.172 53% Net Realized Short Term Capital Gains 0.000 0% 0.000 0% Net Realized Long Term Capital Gains 0.000 0% 0.000 0% Return of Capital 0.035 54% 0.153 47% Total (per common share) 0.065 100% 0.325 100% Average annual total return (in relation to NAV) for the 5 years ended May 31, 2007:* 13.7% Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2007: 7.4% Cumulative total return (in relation to NAV) for the fiscal year through May 31, 2007: 8.4% Cumulative fiscal year distributions as a percentage of NAV as of May 31, 2007: 3.1% 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 those distributions for federal income tax purposes. *Simple arithmetic average of each of the past five annual returns. DATASOURCE: DNP Select Income Fund Inc. CONTACT: Joseph C. Curry, Jr., +1-502-588-8602, or Dianna P. Wengler, +1-502-588-8603, or Timothy P. Riordan, +1-502-588-1786, all of DNP Select Income Fund Inc. Web site: http://www.dnpselectincome.com/

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