EX-99.C 4 d335636dex99c.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 2021       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable December 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. 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 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.025        38%        $0.025        38%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.002        3%        0.002        3%  

Return of Capital (or Other Capital Source)

     0.038        59%        0.038        59%  

Total (per common share)

     $0.065        100%        $0.065        100%  
           
   

October 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.45%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.26%  
   

Cumulative total return on NAV for the fiscal YTD

 

     18.76%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     8.26%  

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 2021       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable January 10, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. 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 2021      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.025        39%        $0.051        39%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.040        61%        0.079        61%  

Return of Capital (or Other Capital Source)

     -        -        -        -  

Total (per common share)

     $0.065        100%        $0.130        100%  
           
   

November 30, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     8.82%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.61%  
   

Cumulative total return on NAV for the fiscal YTD

 

     -3.38%  
   

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 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 2022       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable February 10, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. 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 2022      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.018        28%        $0.070        36%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.020        30%        0.107        55%  

Return of Capital (or Other Capital Source)

     0.027        42%        0.018        9%  

Total (per common share)

     $0.065        100%        $0.195        100%  
           
   

December 31, 2021

 

    
   

Average annual total return* on NAV for the 5 years

 

     10.25%  
   

Annualized current distribution rate as a percentage of NAV

 

     7.90%  
   

Cumulative total return on NAV for the fiscal YTD

 

     5.93%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     1.32%  

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 2022       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable March 10, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. 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 2022      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.019        29%        $0.088        34%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.025        39%        0.133        51%  

Return of Capital (or Other Capital Source)

     0.021        32%        0.039        15%  

Total (per common share)

     $0.065        100%        $0.260        100%  
           
   

January 31, 2022

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.55%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.02%  
   

Cumulative total return on NAV for the fiscal YTD

 

     5.02%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     2.01%  

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 2022       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable April 11, 2022 to shareholders of record March 31, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. 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 2022      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.020        30%        $0.111        34%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.045        70%        0.207        64%  

Return of Capital (or Other Capital Source)

     -        -        0.007        2%  

Total (per common share)

     $0.065        100%        $0.325        100%  
           
   

February 28, 2022

 

    
   

Average annual total return* on NAV for the 5 years

 

     8.49%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.09%  
   

Cumulative total return on NAV for the fiscal YTD

 

     4.89%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     2.70%  

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 2022       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable May 10, 2022 to shareholders of record April 29, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2021 to October 31, 2022. 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 2022      Fiscal YTD  
         
Sources      Per Share Amount          % of Current  
Distribution
       Per Share Amount          % of Cumulative  
Distributions
 
       

Net Investment Income

     $0.018        28%        $0.129        33%  

Net Realized Short-Term Capital Gains

     -        -        -        -  

Net Realized Long-Term Capital Gains

     0.047        72%        0.261        67%  

Return of Capital (or Other Capital Source)

     -        -        -        -  

Total (per common share)

     $0.065        100%        $0.390        100%  
           
   

March 31, 2022

 

    
   

Average annual total return* on NAV for the 5 years

 

     10.75%  
   

Annualized current distribution rate as a percentage of NAV

 

     7.51%  
   

Cumulative total return on NAV for the fiscal YTD

 

     13.68%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     3.13%  

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.