EX-99.C 4 d323823dex99c.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 2022  

 

  

 

Distribution Amount Per Share of Common Stock                       $0.065           

The following table sets forth the estimated amounts of the current distribution, payable June 10, 2022 to shareholders of record May 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    May 2022     Fiscal YTD  
         
Sources     Per Share Amount           % of Current      
Distribution
     Per Share Amount       % of Cumulative  
Distributions
 
       
Net Investment Income      $0.019        29%        $0.146        32%  
         

Net Realized Short-Term Capital Gains

     -       -       -       -  
       

Net Realized Long-Term Capital Gains

     0.017       27%       0.300       66%  
         

Return of Capital (or Other Capital Source)

     0.029       44%       0.009       2%  
       

Total (per common share)

     $0.065       100%       $0.455       100%  
        
   

April 30, 2022

 

   
   

Average annual total return* on NAV for the 5 years

 

    9.09%  
   

Annualized current distribution rate as a percentage of NAV

 

    7.85%  
   

Cumulative total return on NAV for the fiscal YTD

 

    9.42%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

    3.92%  

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 2022  

 

  

 

Distribution Amount Per Share of Common Stock                       $0.065           

The following table sets forth the estimated amounts of the current distribution, payable July 11, 2022 to shareholders of record June 30, 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    June 2022     Fiscal YTD  
         
Sources     Per Share Amount           % of Current      
Distribution
     Per Share Amount       % of Cumulative  
Distributions
 
       
Net Investment Income      $0.018        28%        $0.166        32%  
         

Net Realized Short-Term Capital Gains

     -       -       -       -  
       

Net Realized Long-Term Capital Gains

     -       -       0.297       57%  
         

Return of Capital (or Other Capital Source)

     0.047       72%       0.057       11%  
       

Total (per common share)

     $0.065       100%       $0.520       100%  
        
   

May 31, 2022

 

   
   

Average annual total return* on NAV for the 5 years

 

    9.63%  
   

Annualized current distribution rate as a percentage of NAV

 

    7.52%  
   

Cumulative total return on NAV for the fiscal YTD

 

    14.95%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

    4.39%  

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 2022  

 

  

 

Distribution Amount Per Share of Common Stock                       $0.065           

The following table sets forth the estimated amounts of the current distribution, payable August 10, 2022 to shareholders of record July 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    July 2022     Fiscal YTD  
         
Sources     Per Share Amount           % of Current      
Distribution
     Per Share Amount       % of Cumulative  
Distributions
 
       
Net Investment Income      $0.021        32%        $0.187        32%  
         

Net Realized Short-Term Capital Gains

     0.004       6%       0.006       1%  
       

Net Realized Long-Term Capital Gains

     0.040       62%       0.357       61%  
         

Return of Capital (or Other Capital Source)

     -       -       0.035       6%  
       

Total (per common share)

     $0.065       100%       $0.585       100%  
        
   

June 30, 2022

 

   
   

Average annual total return* on NAV for the 5 years

 

    8.42%  
   

Annualized current distribution rate as a percentage of NAV

 

    8.26%  
   

Cumulative total return on NAV for the fiscal YTD

 

    5.44%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

    5.50%  

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 2022

 

  

 

Distribution Amount Per Share of Common Stock                       $0.065           

The following table sets forth the estimated amounts of the current distribution, payable September 12, 2022 to shareholders of record August 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    August 2022     Fiscal YTD  
         
Sources     Per Share Amount           % of Current      
Distribution
     Per Share Amount       % of Cumulative  
Distributions
 
       
Net Investment Income      $0.011        17%        $0.195        30%  
         

Net Realized Short-Term Capital Gains

     0.003       4%       0.007       1%  
       

Net Realized Long-Term Capital Gains

     0.043       67%       0.402       62%  
         

Return of Capital (or Other Capital Source)

     0.008       12%       0.046       7%  
       

Total (per common share)

     $0.065       100%       $0.650       100%  
        
   

July 31, 2022

 

   
   

Average annual total return* on NAV for the 5 years

 

    8.76%  
   

Annualized current distribution rate as a percentage of NAV

 

    7.80%  
   

Cumulative total return on NAV for the fiscal YTD

 

    12.32%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

    5.85%  

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.


DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

 

Distribution Period   

    September 2022

 

  

 

Distribution Amount Per Share of Common Stock                       $0.065           

The following table sets forth the estimated amounts of the current distribution, payable October 11, 2022 to shareholders of record September 30, 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    September 2022     Fiscal YTD  
         
Sources     Per Share Amount           % of Current      
Distribution
     Per Share Amount       % of Cumulative  
Distributions
 
       
Net Investment Income      $0.015        23%        $0.207        29%  
         

Net Realized Short-Term Capital Gains

     -       -       0.007       1%  
       

Net Realized Long-Term Capital Gains

     0.019       30%       0.422       59%  
         

Return of Capital (or Other Capital Source)

     0.031       47%       0.079       11%  
       

Total (per common share)

     $0.065       100%       $0.715       100%  
        
   

August 31, 2022

 

   
   

Average annual total return* on NAV for the 5 years

 

    8.26%  
   

Annualized current distribution rate as a percentage of NAV

 

    8.01%  
   

Cumulative total return on NAV for the fiscal YTD

 

    10.02%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

    6.68%  

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 2022

 

  

 

Distribution Amount Per Share of Common Stock                       $0.065           

The following table sets forth the estimated amounts of the current distribution, payable November 10, 2022 to shareholders of record October 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    October 2022     Fiscal YTD  
         
Sources     Per Share Amount           % of Current      
Distribution
     Per Share Amount       % of Cumulative  
Distributions
 
       
Net Investment Income      $0.007        10%        $0.218        28%  
         

Net Realized Short-Term Capital Gains

     -       -       0.008       1%  
       

Net Realized Long-Term Capital Gains

     0.009       14%       0.429       55%  
         

Return of Capital (or Other Capital Source)

     0.049       76%       0.125       16%  
       

Total (per common share)

     $0.065       100%       $0.780       100%  
        
   

September 30, 2022

 

   
   

Average annual total return* on NAV for the 5 years

 

    5.89%  
   

Annualized current distribution rate as a percentage of NAV

 

    9.34%  
   

Cumulative total return on NAV for the fiscal YTD

 

    -4.83%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

    8.56%  

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.