EX-99.(C) 4 e11833ex19c.htm REGISTRANT'S NOTICES

EXHIBIT 99.C

 

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period

    May 2020
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable June 10, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31, 2020. 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 May 2020 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.021 32%                   $0.141 31%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains -                      -                     0.268 59%
Return of Capital (or Other Capital Source)    0.044                    68% 0.046 10%
Total (per common share)                  $0.065 100%                   $0.455 100%
         
April 30, 2020  
Average annual total return* on NAV for the 5 years     6.62%
Annualized current distribution rate as a percentage of NAV     8.99%
Cumulative total return on NAV for the fiscal YTD     -13.94%
Cumulative fiscal YTD distributions as a percentage of NAV     4.49%

 

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 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.

 

* 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

    June 2020
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable July 10, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31, 2020. 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 June 2020 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.021 32%                   $0.161 31%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains    0.001                     2%                     0.271 52%
Return of Capital (or Other Capital Source)    0.043                    66% 0.088 17%
Total (per common share)                  $0.065 100%                   $0.520 100%
         
May 31, 2020  
Average annual total return* on NAV for the 5 years     7.72%
Annualized current distribution rate as a percentage of NAV     8.66%
Cumulative total return on NAV for the fiscal YTD     -10.08%
Cumulative fiscal YTD distributions as a percentage of NAV     5.05%

 

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 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.

 

* 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

    July 2020
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable August 10, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31, 2020. 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 July 2020 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.019 29%                   $0.181 31%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains    0.046                     71%                     0.334 57%
Return of Capital (or Other Capital Source)                        -                      - 0.070 12%
Total (per common share)                  $0.065 100%                   $0.585 100%
         
June 30, 2020  
Average annual total return* on NAV for the 5 years     8.71%
Annualized current distribution rate as a percentage of NAV     9.09%
Cumulative total return on NAV for the fiscal YTD     -13.64%
Cumulative fiscal YTD distributions as a percentage of NAV     6.06%

 

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 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.

 

* 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

    August 2020
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable September 10, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31, 2020. 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 October 2020 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.019 29%                   $0.202 31%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains    0.003                     4%                     0.338 52%
Return of Capital (or Other Capital Source) 0.043 67% 0.110 17%
Total (per common share)                  $0.065 100%                   $0.650 100%
         
July 31, 2020  
Average annual total return* on NAV for the 5 years     9.02%
Annualized current distribution rate as a percentage of NAV     8.59%
Cumulative total return on NAV for the fiscal YTD     -8.02%
Cumulative fiscal YTD distributions as a percentage of NAV     6.44%

 

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 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.

 

* 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

    September 2020
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable October 13, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31, 2020. 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 September 2020 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.021 32%                   $0.222 31%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains    0.034                     52%                     0.365 51%
Return of Capital (or Other Capital Source) 0.010 16% 0.128 18%
Total (per common share)                  $0.065 100%                   $0.715 100%
         
August 31, 2020  
Average annual total return* on NAV for the 5 years     9.88%
Annualized current distribution rate as a percentage of NAV     8.92%
Cumulative total return on NAV for the fiscal YTD     -10.70%
Cumulative fiscal YTD distributions as a percentage of NAV     7.43%

 

 

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 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.

 

* 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

    October 2020
Distribution Amount Per Share of Common Stock $0.065  

 

The following table sets forth the estimated amounts of the current distribution, payable November 10, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2019 to October 31, 2020. 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 October 2020 Fiscal YTD
Sources Per Share Amount % of Current Distribution Per Share Amount % of Cumulative Distributions
Net Investment Income $0.015 23%                   $0.234 30%
Net Realized Short-Term Capital Gains                     -                     - - -
Net Realized Long-Term Capital Gains    0.050                     77%                     0.413 53%
Return of Capital (or Other Capital Source) - - 0.133 17%
Total (per common share)                  $0.065 100%                   $0.780 100%
         
September 30, 2020  
Average annual total return* on NAV for the 5 years     10.29%
Annualized current distribution rate as a percentage of NAV     9.25%
Cumulative total return on NAV for the fiscal YTD     -13.27%
Cumulative fiscal YTD distributions as a percentage of NAV     8.48%

 

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 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.

 

* Simple arithmetic average of each of the past five annual returns.