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DNP Select Income Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

CHICAGO--(BUSINESS WIRE)--The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Adviser”), previously announced the following monthly distribution on September 18, 2025:

Per Share Amount

Ex-Date

Record Date

Payable Date

$0.065

November 28, 2025

November 28, 2025

December 10, 2025

The Fund adopted a managed distribution plan (the “Plan”) in 2007. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund’s primary objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains or return of capital or both to its shareholders in order to maintain the 6.5 cent per share distribution level.

The following table sets forth the estimated amounts of the Fund’s November 2025 distribution to shareholders, together with the cumulative distributions paid from the first day of the fiscal year to this month end, and provides the sources of such distributions. 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.

Distribution Estimates

November 2025 (MTD)

Fiscal Year-to-Date (YTD)(1)

 

 

(Sources)

Per Share
Amount

Percentage
of Current
Distribution

Per Share
Amount

Percentage
of Current
Distribution

Net Investment Income

$

0.043

66.9%

$

0.043

66.9%

Net Realized Short-Term Capital Gains

 

0.000

0.0%

 

0.000

0.0%

Net Realized Long-Term Capital Gains

 

0.000

0.0%

 

0.000

0.0%

Return of Capital (or other Capital Source)

 

0.022

33.1%

 

0.022

33.1%

Total Distribution per common share

$

0.065

100.0%

$

0.065

100.0%

(1) Fiscal year started November 1, 2025.

As of October 31, 2025

 

Average annual total return on NAV for the 5 years

10.77%

Annualized current distribution rate as a percentage of NAV

8.38%

Cumulative total return on NAV for the fiscal year

13.54%

Cumulative fiscal year distributions as a percentage of NAV

8.38%

The Fund will issue a separate 19(a) notice at the time of each distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the 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 or your broker 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.

About the Fund

DNP Select Income Fund Inc. is a closed-end diversified investment management company whose 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, contact shareholder services at (877) 381-2537, by email at duff@virtus.com, or visit the DNP website, dpimc.com/dnp.

About the Investment Adviser

Duff & Phelps Investment Management Co. is a boutique investment manager that specializes in listed real asset strategies for institutional and individual clients. An investment manager of Virtus Investment Partners, Inc. (NYSE: VRTS), the firm began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy. For more information visit dpimc.com.

Contacts

Shareholder Services
(877) 381-2537
duff@virtus.com

DNP Select Income Fund Inc.

NYSE:DNP

Release Versions

Contacts

Shareholder Services
(877) 381-2537
duff@virtus.com

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