EX-99.(C) 4 e78928ex99c.htm NOTICES TO SHAREHOLDERS

 

 

EXHIBIT 99(c)

 

 

 

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

 

Notification of Sources of Distribution

Distribution Period

    November 2017        
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable December 11, 2017, 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 2017 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.028 43%                   $0.028 43%
Net Realized Short-Term Capital Gains                     -                     -  - -
Net Realized Long-Term Capital Gains                    0.037                    57%                     0.037 57%
Return of Capital (or Other Capital Source)                    - -                     - -
Total (per common share)                  $0.065 100%                   $0.065 100%
         
October 31, 2017  
Average annual total return* on NAV for the 5 years     12.57%
Annualized current distribution rate as a percentage of NAV     7.81%
Cumulative total return on NAV for the fiscal year     15.04%
Cumulative fiscal year distributions as a percentage of NAV     7.81%

 

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 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 2017    
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable January 10, 2018, 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 2017 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.022 34%                   $0.052 40%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains                     -                     -                     0.078 60%
Return of Capital (or Other Capital Source)                   0.043 66%                      - -
Total (per common share)                  $0.065 100%                   $0.130 100%
         
November 30, 2017  
Average annual total return* on NAV for the 5 years     14.07%
Annualized current distribution rate as a percentage of NAV     7.68%
Cumulative total return on NAV for the fiscal year     2.42%
Cumulative fiscal year distributions as a percentage of NAV     0.64%

 

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 2018      
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable February 12, 2018, 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 2018 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.012 19%                   $0.066 34%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains 0.011 17%                     0.129 66%
Return of Capital (or Other Capital Source)                   0.042 64%                     - -
Total (per common share)                  $0.065 100%                   $0.195 100%
         
December 31, 2017  
Average annual total return* on NAV for the 5 years     13.18%
Annualized current distribution rate as a percentage of NAV     8.03%
Cumulative total return on NAV for the fiscal year     -1.39%
Cumulative fiscal year distributions as a percentage of NAV     1.34%

 

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 2018         
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable March 12, 2018, 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 2018 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.021 32%                   $0.088 34%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains 0.012 19%                     0.172 66%
Return of Capital (or Other Capital Source)                   0.032 49%                     - -
Total (per common share)                  $0.065 100%                   $0.260 100%
         
January 31, 2018  
Average annual total return* on NAV for the 5 years     11.40%
Annualized current distribution rate as a percentage of NAV     8.30%
Cumulative total return on NAV for the fiscal year     -3.91%
Cumulative fiscal year distributions as a percentage of NAV     2.07%

 

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 2018      
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable April 10, 2018, 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 2018 Year-to-date (YTD)
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.025 39%                   $0.114 35%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains - -                     0.205 63%
Return of Capital (or Other Capital Source)                   0.040 61%                   0.006 2%
Total (per common share)                  $0.065 100%                   $0.325 100%
         
February 28, 2018  
Average annual total return* on NAV for the 5 years     9.35%
Annualized current distribution rate as a percentage of NAV     8.99%
Cumulative total return on NAV for the fiscal year     -10.63%
Cumulative fiscal year distributions as a percentage of NAV     3.00%

 

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 2018
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable May 10, 2018, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2017 to October 31, 2018. 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 2018 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.012 19%                   $0.129 33%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains 0.034 52%                     0.238 61%
Return of Capital (or Other Capital Source)                   0.019 29%                    0.023 6%
Total (per common share)                  $0.065 100%                   $0.390 100%
         
March 31, 2018  
Average annual total return* on NAV for the 5 years     8.18%
Annualized current distribution rate as a percentage of NAV     8.85%
Cumulative total return on NAV for the fiscal YTD     -8.57%
Cumulative fiscal YTD distributions as a percentage of NAV     3.69%

 

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.