EX-99.C 4 d263083dex99c.htm COPIES OF THE REGISTRANT'S NOTICES TO SHAREHOLDERS PURSUANT TO RULE 19A-1 Copies of the Registrant's notices to shareholders pursuant to Rule 19a-1

Exhibit 99(c)

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

 

Distribution Period        November 2020   
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable December 10, 2020, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. 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 2020      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $0.021        32%        $0.021        32%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.020        31%        0.020        31%  

Return of Capital (or Other Capital Source)

     0.024        37%        0.024        37%  

Total (per common share)

     $0.065        100%        $0.065        100%  
           
   

October 31, 2020

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.17%  
   

Annualized current distribution rate as a percentage of NAV

 

     9.03%  
   

Cumulative total return on NAV for the fiscal YTD

 

     -10.57%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     9.03%  

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        December 2020       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable January 11, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. 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 2020      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $0.026        40%        $0.047        36%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     -        -        0.020        15%  

Return of Capital (or Other Capital Source)

     0.039        60%        0.063        49%  

Total (per common share)

     $0.065        100%        $0.130        100%  
           
   

November 30, 2020

 

    
   

Average annual total return* on NAV for the 5 years

 

     10.83%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.61%  
   

Cumulative total return on NAV for the fiscal YTD

 

     5.63%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     0.72%  

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        January 2021       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable February 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. 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 2021      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.010        16%        $0.057        29%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.034        52%        0.055        28%  

Return of Capital (or Other Capital Source)

     0.021        32%        0.083        43%  

Total (per common share)

     $0.065        100%        $0.195        100%  
           
   

December 31, 2020

 

    
   

Average annual total return* on NAV for the 5 years

 

     11.58%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.67%  
   

Cumulative total return on NAV for the fiscal YTD

 

     5.69%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     1.44%  

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        February 2021       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable March 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. 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 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.021        32%        $0.078        30%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.021        32%        0.075        29%  

Return of Capital (or Other Capital Source)

     0.023        36%        0.107        41%  

Total (per common share)

     $0.065        100%        $0.260        100%  
           
   

January 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     10.65%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.84%  
   

Cumulative total return on NAV for the fiscal YTD

 

     4.38%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     2.21%  

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        March 2021       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable April 12, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. 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 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.025        39%        $0.104        32%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.022        34%        0.097        30%  

Return of Capital (or Other Capital Source)

     0.018        27%        0.124        38%  

Total (per common share)

     $0.065        100%        $0.325        100%  
           
   

February 28, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.08%  
   

Annualized current distribution rate as a percentage of NAV

 

     9.22%  
   

Cumulative total return on NAV for the fiscal YTD

 

     0.85%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     3.07%  

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 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        April 2021       
     
Distribution Amount Per Share of Common Stock            $0.065           

The following table sets forth the estimated amounts of the current distribution, payable May 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. 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 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.021        33%        $0.156        40%  

Net Realized Short-Term Capital Gains

     0.004        6%        0.004        1%  

Net Realized Long-Term Capital Gains

     0.040        61%        0.230        59%  

Return of Capital (or Other Capital Source)

     -        -        -        -  

Total (per common share)

     $0.065        100%        $0.390        100%  
           
   

March 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.56%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.37%  
   

Cumulative total return on NAV for the fiscal YTD

 

     11.77%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     3.49%  

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 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.