09.08.2013 22:30:00
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DNP Select Income Fund Inc. Section 19(a) Notice
CHICAGO, Aug. 9, 2013 /PRNewswire/ --
Notification of Sources of Distribution | |||||
Distribution Period | July 2013 | ||||
Distribution Amount Per Share of Common Stock | $0.065 | ||||
The following table sets forth the estimated amounts of the current distribution, payable August 12, 2013, and | |||||
the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net | |||||
realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. | |||||
All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, | |||||
which may differ from federal income tax regulations. | |||||
Current Distribution ($) | % 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 | 0.020 | 31% | 0.218 | 48% | |
Net Realized Long Term Capital Gains | 0.045 | 69% | 0.237 | 52% | |
Return of Capital or Other Capital Source | 0.000 | 0% | 0.000 | 0% | |
Total (per common share) | 0.065 | 100% | 0.455 | 100% | |
Average annual total return* (in relation to NAV) for the 5 years ended on July 31, 2013 | 12.9% | ||||
Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2013 | 8.6% | ||||
Cumulative total return (in relation to NAV) for the fiscal year through July 31, 2013 | 16.2% | ||||
Cumulative fiscal year distributions as a percentage of NAV as of July 31, 2013 | 5.0% | ||||
You should not necessarily draw any conclusions about the Fund's investment performance from the amount of this | |||||
distribution. | |||||
The amounts and sources of distributions reported in this Notice areonlyestimates 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, www.dnpselectincome.com 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 www.dnpselectincome.com or call the Fund at (800) 864-0629.
SOURCE DNP Select Income Fund Inc.
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