EX-99.(C) 4 e00352ex99c.htm COPIES OF THE REGISTRANT'S NOTICES TO SHAREHOLDERS

EXHIBIT 99(c)

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    November 2015  
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable December 10, 2015, 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.

 

Distribution Estimates November 30, 2015 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.036 55%                   $0.036 55%
Net Realized Short-Term Capital Gains                           -                           -                           -                            -
Net Realized Long-Term Capital Gains                           -                           -                     - -
Return of Capital (or Other Capital Source)                    0.029 45%                     0.029 45%
Total (per common share)                  $0.065 100%                   $0.065 100%
         
October 31, 2015  
Average annual total return* on NAV for the 5 years     12.91%
Annualized current distribution rate as a percentage of NAV     8.94%
Cumulative total return on NAV for the fiscal year     -7.09%
Cumulative fiscal year distributions as a percentage of NAV     8.94%

 

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.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    December 2015  
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable January 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.

 

Distribution Estimates December 31, 2015 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.027 42%                   $0.062 48%
Net Realized Short-Term Capital Gains                           -                           -                           -                            -
Net Realized Long-Term Capital Gains                           -                           -                     - -
Return of Capital (or Other Capital Source)                    0.038 58%                     0.068 52%
Total (per common share)                  $0.065 100%                   $0.130 100%
         
November 30, 2015  
Average annual total return* on NAV for the 5 years     12.91%
Annualized current distribution rate as a percentage of NAV     9.37%
Cumulative total return on NAV for the fiscal year     -3.82%
Cumulative fiscal year distributions as a percentage of NAV     0.78%

 

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.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    January 2016  
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable February 10, 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.

 

Distribution Estimates January 31, 2016 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.012 18%                   $0.074 38%
Net Realized Short-Term Capital Gains                           -                           -                           -                            -
Net Realized Long-Term Capital Gains                           -                           -                     - -
Return of Capital (or Other Capital Source)                    0.053 82%                     0.121 62%
Total (per common share)                  $0.065 100%                   $0.195 100%
         
December 31, 2015  
Average annual total return* on NAV for the 5 years     12.24%
Annualized current distribution rate as a percentage of NAV     9.52%
Cumulative total return on NAV for the fiscal year     -4.50%
Cumulative fiscal year distributions as a percentage of NAV     1.59%

 

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.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    February 2016  
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable March 10, 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.

 

Distribution Estimates February 29, 2016 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.032 49%                   $0.107 41%
Net Realized Short-Term Capital Gains                           -                           -                           -                            -
Net Realized Long-Term Capital Gains                           -                           -                     - -
Return of Capital (or Other Capital Source)                    0.033 51%                     0.153 59%
Total (per common share)                  $0.065 100%                   $0.260 100%
         
January 31, 2016  
Average annual total return* on NAV for the 5 years     12.31%
Annualized current distribution rate as a percentage of NAV     9.34%
Cumulative total return on NAV for the fiscal year     -1.89%
Cumulative fiscal year distributions as a percentage of NAV     2.33%

 

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.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    March 2016  
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable April 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.

 

Distribution Estimates March 31, 2016 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.033 51%                   $0.143 44%
Net Realized Short-Term Capital Gains                           -                           -                           -                            -
Net Realized Long-Term Capital Gains                    0.032 49%                     0.150 46%
Return of Capital (or Other Capital Source) - -                     0.032 10%
Total (per common share)                  $0.065 100%                   $0.325 100%
         
February 29, 2016  
Average annual total return* on NAV for the 5 years     11.96%
Annualized current distribution rate as a percentage of NAV     9.12%
Cumulative total return on NAV for the fiscal year     1.15%
Cumulative fiscal year distributions as a percentage of NAV     3.04%

 

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.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    April 2016  
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable May 10, 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.

 

Distribution Estimates April 30, 2016 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.020 31%                   $0.164 42%
Net Realized Short-Term Capital Gains                           -                           -                           -                            -
Net Realized Long-Term Capital Gains                    0.040 61%                     0.187 48%
Return of Capital (or Other Capital Source)                    0.005 8%                     0.039 10%
Total (per common share)                  $0.065 100%                   $0.390 100%
         
March 31, 2016  
Average annual total return* on NAV for the 5 years     13.46%
Annualized current distribution rate as a percentage of NAV     8.34%
Cumulative total return on NAV for the fiscal year     11.38%
Cumulative fiscal year distributions as a percentage of NAV     3.48%

 

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.