EX-99.C 4 d242201dex99c.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      May 2021   

 

Distribution Amount Per Share of Common Stock                  $0.065            

The following table sets forth the estimated amounts of the current distribution, payable June 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    May 2021      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       
Net Investment Income      $0.020        30%        $0.145        32%  

Net Realized Short-Term Capital Gains

     -        -        0.005        1%  

Net Realized Long-Term Capital Gains

     0.009        14%        0.250        55%  

Return of Capital (or Other Capital Source)

     0.036        56%        0.055        12%  

Total (per common share)

     $0.065        100%        $0.455        100%  
           
   

April 30, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     10.12%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.00%  
   

Cumulative total return on NAV for the fiscal YTD

 

     17.79%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     4.00%  

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 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 2021   

 

Distribution Amount Per Share of Common Stock                  $0.065            

The following table sets forth the estimated amounts of the current distribution, payable July 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    June 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       
Net Investment Income      $0.025        39%        $0.177        34%  

Net Realized Short-Term Capital Gains

     -        -        0.005        1%  

Net Realized Long-Term Capital Gains

     0.040        61%        0.338        65%  

Return of Capital (or Other Capital Source)

     -        -        -        -  

Total (per common share)

     $0.065        100%        $0.520        100%  
           
   

May 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.48%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.04%  
   

Cumulative total return on NAV for the fiscal YTD

 

     17.88%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     4.69%  

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 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 2021   

 

Distribution Amount Per Share of Common Stock                  $0.065            

The following table sets forth the estimated amounts of the current distribution, payable August 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    July 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       
Net Investment Income      $0.025        38%        $0.199        34%  

Net Realized Short-Term Capital Gains

     -        -        0.006        1%  

Net Realized Long-Term Capital Gains

     0.012        18%        0.380        65%  

Return of Capital (or Other Capital Source)

     0.028        44%        -        -  

Total (per common share)

     $0.065        100%        $0.585        100%  
           
   

June 30, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     7.61%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.20%  
   

Cumulative total return on NAV for the fiscal YTD

 

     16.45%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     5.46%  

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 2021   

 

Distribution Amount Per Share of Common Stock                  $0.065            

The following table sets forth the estimated amounts of the current distribution, payable September 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    August 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       
Net Investment Income      $0.016        25%        $0.215        33%  

Net Realized Short-Term Capital Gains

     -        -        0.006        1%  

Net Realized Long-Term Capital Gains

     0.029        44%        0.416        64%  

Return of Capital (or Other Capital Source)

     0.020        31%        0.013        2%  

Total (per common share)

     $0.065        100%        $0.650        100%  
           
   

July 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     7.88%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.08%  
   

Cumulative total return on NAV for the fiscal YTD

 

     18.95%  
   

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      September 2021   

 

Distribution Amount Per Share of Common Stock                  $0.065            

The following table sets forth the estimated amounts of the current distribution, payable October 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    September 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       
Net Investment Income      $0.023        35%        $0.243        34%  

Net Realized Short-Term Capital Gains

     0.001        1%        0.007        1%  

Net Realized Long-Term Capital Gains

     0.012        18%        0.422        59%  

Return of Capital (or Other Capital Source)

     0.029        46%        0.043        6%  

Total (per common share)

     $0.065        100%        $0.715        100%  
           
   

August 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.90%  
   

Annualized current distribution rate as a percentage of NAV

 

     7.99%  
   

Cumulative total return on NAV for the fiscal YTD

 

     21.11%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     6.66%  

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 2021   

 

Distribution Amount Per Share of Common Stock                  $0.065            

The following table sets forth the estimated amounts of the current distribution, payable November 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    October 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       
Net Investment Income      $0.010        16%        $0.250        32%  

Net Realized Short-Term Capital Gains

     -        -        0.008        1%  

Net Realized Long-Term Capital Gains

     0.001        2%        0.421        54%  

Return of Capital (or Other Capital Source)

     0.054        82%        0.101        13%  

Total (per common share)

     $0.065        100%        $0.780        100%  
           
   

September 30, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     8.32%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.56%  
   

Cumulative total return on NAV for the fiscal YTD

 

     13.79%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     7.85%  

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.