EX-99.C 4 d493753dex99c.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 2022       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable December 12, 2022 to shareholders of record November 30, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. 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 2022      Fiscal YTD  
         
Sources      Per Share Amount  
    

  % of Current  

Distribution

       Per Share Amount  
    

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $0.023        35%        $0.023        35%  

Net Realized Short-Term Capital Gains

     0.002        3%        0.002        3%  

Net Realized Long-Term Capital Gains

     0.040        62%        0.040        62%  

Return of Capital (or Other Capital Source)

     -        -        -        -  

Total (per common share)

     $0.065        100%        $0.065        100%  
           
   

October 31, 2022

 

    
   

Average annual total return* on NAV for the 5 years

 

     6.31%  
   

Annualized current distribution rate as a percentage of NAV

 

     9.01%  
   

Cumulative total return on NAV for the fiscal YTD

 

     -0.63%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     9.01%  

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 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 2022       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable January 10, 2023 to shareholders of record December 30, 2022, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. 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 2022      Fiscal YTD  
         
Sources      Per Share Amount  
    

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $                  0.013        20%        $                  0.036        28%  

Net Realized Short-Term Capital Gains

     -        -        0.001        1%  

Net Realized Long-Term Capital Gains

     0.041        63%        0.093        71%  

Return of Capital (or Other Capital Source)

     0.011        17%        -        -  

Total (per common share)

     $                  0.065        100%        $                  0.130        100%  
           
   

November 30, 2022

 

    
   

Average annual total return* on NAV for the 5 years

 

     6.85%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.39%  
   

Cumulative total return on NAV for the fiscal YTD

 

     8.18%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     0.70%  

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 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 2023       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable February 10, 2023 to shareholders of record January 31, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. 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 2023      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $                  0.016        24%        $                  0.051        26%  

Net Realized Short-Term Capital Gains

     -        -        0.002        1%  

Net Realized Long-Term Capital Gains

     0.038        59%        0.140        72%  

Return of Capital (or Other Capital Source)

     0.011        17%        0.002        1%  

Total (per common share)

     $                  0.065        100%        $                  0.195        100%  
           
   

December 31, 2022

 

    
   

Average annual total return* on NAV for the 5 years

 

     7.78%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.70%  
   

Cumulative total return on NAV for the fiscal YTD

 

     5.06%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     1.45%  

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 2023       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable March 10, 2023 to shareholders of record February 28, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. 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 2023      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $                  0.005        8%        $                  0.057        22%  

Net Realized Short-Term Capital Gains

     0.001        1%        0.003        1%  

Net Realized Long-Term Capital Gains

     0.015        23%        0.156        60%  

Return of Capital (or Other Capital Source)

     0.044        68%        0.044        17%  

Total (per common share)

     $                  0.065        100%        $                  0.260        100%  
           
   

January 31, 2023

 

    
   

Average annual total return* on NAV for the 5 years

 

     8.86%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.52%  
   

Cumulative total return on NAV for the fiscal YTD

 

     8.14%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     2.13%  

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 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 2023       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable April 10, 2023 to shareholders of record March 31, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. 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 2023      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $                  0.019        29%        $                  0.078        24%  

Net Realized Short-Term Capital Gains

     -        -        0.003        1%  

Net Realized Long-Term Capital Gains

     -        -        0.153        47%  

Return of Capital (or Other Capital Source)

     0.046        71%        0.091        28%  

Total (per common share)

     $                  0.065        100%        $                  0.325        100%  
           
   

February 28, 2023

 

    
   

Average annual total return* on NAV for the 5 years

 

     8.88%  
   

Annualized current distribution rate as a percentage of NAV

 

     9.13%  
   

Cumulative total return on NAV for the fiscal YTD

 

     1.61%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     3.04%  

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 2023       
     
Distribution Amount Per Share of Common Stock                $0.065            

The following table sets forth the estimated amounts of the current distribution, payable May 10, 2023 to shareholders of record April 28, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to October 31, 2023. 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 2023      Fiscal YTD  
         
Sources      Per Share Amount       

  % of Current  

Distribution

       Per Share Amount       

  % of Cumulative  

Distributions

 
       

Net Investment Income

     $                  0.011        17%        $                  0.086        22%  

Net Realized Short-Term Capital Gains

     -        -        0.004        1%  

Net Realized Long-Term Capital Gains

     0.054        83%        0.226        58%  

Return of Capital (or Other Capital Source)

     -        -        0.074        19%  

Total (per common share)

     $                  0.065        100%        $                  0.390        100%  
           
   

March 31, 2023

 

    
   

Average annual total return* on NAV for the 5 years

 

     9.84%  
   

Annualized current distribution rate as a percentage of NAV

 

     8.88%  
   

Cumulative total return on NAV for the fiscal YTD

 

     5.21%  
   

Cumulative fiscal YTD distributions as a percentage of NAV

 

     3.70%  

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.