CHICAGO, Dec. 19, 2019 /PRNewswire/ -- The Board of Directors of DNP Select Income Fund Inc. (NYSE:DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows:
Cents Per Share | Ex-Dividend Date | Record Date | Payable Date |
6.5 | January 30, 2020 | January 31, 2020 | February 10, 2020 |
6.5 | February 27, 2020 | February 28, 2020 | March 10, 2020 |
6.5 | March 30, 2020 | March 31, 2020 | April 10, 2020 |
The Fund adopted a Managed Distribution Plan (the "Plan") in 2007 to maintain its current 6.5 cent per share distribution rate. 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 and/or return of capital to its shareholders in order to maintain the 6.5 cent per share distribution level.
* Simple arithmetic average of each of the past five annual returns.
You should not necessarily draw any conclusions about the Fund's investment performance from the amount of these distributions or from the terms of the Fund's Plan.
The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available.
About the Fund
About the Investment Adviser
Duff & Phelps Investment Management Co. has more than 40 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investment trusts (REITs). For more information, visit www.dpimc.com.
SOURCE DNP Select Income Fund Inc.
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