EX-99.C 5 d844982dex99c.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 2024     
Distribution Amount Per Share of Common Stock      $0.065     

The following table sets forth the estimated amounts of the current distribution, payable June 10, 2024 to shareholders of record May 31, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. 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 2024     Fiscal YTD  

Sources

   Per Share Amount      % of Current
Distribution
    Per Share Amount      % of Cumulative
Distributions
 

Net Investment Income

   $ 0.019        29   $ 0.105        23

Net Realized Short-Term Capital Gains

     —         —        —         —   

Net Realized Long-Term Capital Gains

     0.030        46     0.246        54

Return of Capital (or Other Capital Source)

     0.016        25     0.104        23

Total (per common share)

   $ 0.065        100   $ 0.455        100
  

 

 

    

 

 

   

 

 

    

 

 

 

 

February 29, 2024

      

Average annual total return* on NAV for the 5 years

     5.88

Annualized current distribution rate as a percentage of NAV

     10.23

Cumulative total return on NAV for the fiscal YTD

     6.37

Cumulative fiscal YTD distributions as a percentage of NAV

     3.41

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 2024     
Distribution Amount Per Share of Common Stock      $0.065     

The following table sets forth the estimated amounts of the current distribution, payable July 10, 2024 to shareholders of record June 28, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. 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 2024     Fiscal YTD  

Sources

   Per Share Amount      % of Current
Distribution
    Per Share Amount      % of Cumulative
Distributions
 

Net Investment Income

   $ 0.023        36   $ 0.130        25

Net Realized Short-Term Capital Gains

     —         —        —         —   

Net Realized Long-Term Capital Gains

     0.022        34     0.265        51

Return of Capital (or Other Capital Source)

     0.020        30     0.125        24

Total (per common share)

   $ 0.065        100   $ 0.520        100
  

 

 

    

 

 

   

 

 

    

 

 

 

 

May 31, 2024

      

Average annual total return* on NAV for the 5 years

     6.72

Annualized current distribution rate as a percentage of NAV

     9.64

Cumulative total return on NAV for the fiscal YTD

     15.71

Cumulative fiscal YTD distributions as a percentage of NAV

     5.62

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 2024     
Distribution Amount Per Share of Common Stock      $0.065     

The following table sets forth the estimated amounts of the current distribution, payable August 12, 2024 to shareholders of record July 31, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. 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 2024     Fiscal YTD  

Sources

   Per Share Amount      % of Current
Distribution
    Per Share Amount      % of Cumulative
Distributions
 

Net Investment Income

   $ 0.007        10   $ 0.135        23

Net Realized Short-Term Capital Gains

     —         —        —         —   

Net Realized Long-Term Capital Gains

     0.058        90     0.362        62

Return of Capital (or Other Capital Source)

     —         —        0.088        15

Total (per common share)

   $ 0.065        100   $ 0.585        100
  

 

 

    

 

 

   

 

 

    

 

 

 

 

May 31, 2024

      

Average annual total return* on NAV for the 5 years

     6.72

Annualized current distribution rate as a percentage of NAV

     9.64

Cumulative total return on NAV for the fiscal YTD

     15.71

Cumulative fiscal YTD distributions as a percentage of NAV

     5.62

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 2024     
Distribution Amount Per Share of Common Stock      $0.065     

The following table sets forth the estimated amounts of the current distribution, payable September 10, 2024 to shareholders of record August 31, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. 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 2024     Fiscal YTD  

Sources

   Per Share Amount      % of Current
Distribution
    Per Share Amount      % of Cumulative
Distributions
 

Net Investment Income

   $ 0.020        31   $ 0.156        24

Net Realized Short-Term Capital Gains

     —         —        —         —   

Net Realized Long-Term Capital Gains

     0.020        30     0.383        59

Return of Capital (or Other Capital Source)

     0.025        39     0.111        17

Total (per common share)

   $ 0.065        100   $ 0.650        100
  

 

 

    

 

 

   

 

 

    

 

 

 

 

May 31, 2024

      

Average annual total return* on NAV for the 5 years

     6.72

Annualized current distribution rate as a percentage of NAV

     9.64

Cumulative total return on NAV for the fiscal YTD

     15.71

Cumulative fiscal YTD distributions as a percentage of NAV

     5.62

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 2024     
Distribution Amount Per Share of Common Stock      $0.065     

The following table sets forth the estimated amounts of the current distribution, payable October 10, 2024 to shareholders of record September 30, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. 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 2024     Fiscal YTD  

Sources

   Per Share Amount      % of Current
Distribution
    Per Share Amount      % of Cumulative Distributions  

Net Investment Income

   $ 0.013        20   $ 0.172        24

Net Realized Short-Term Capital Gains

     —         —        —         —   

Net Realized Long-Term Capital Gains

     0.052        80     0.458        64

Return of Capital (or Other Capital Source)

     —         —        0.085        12

Total (per common share)

   $ 0.065        100   $ 0.715        100
  

 

 

    

 

 

   

 

 

    

 

 

 

 

August 31, 2024

      

Average annual total return* on NAV for the 5 years

     6.06

Annualized current distribution rate as a percentage of NAV

     8.59

Cumulative total return on NAV for the fiscal YTD

     28.21

Cumulative fiscal YTD distributions as a percentage of NAV

     7.15

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 2024     
Distribution Amount Per Share of Common Stock      $0.065     

The following table sets forth the estimated amounts of the current distribution, payable November 12, 2024 to shareholders of record October 31, 2024, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2023 to October 31, 2024. 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 2024     Fiscal YTD  

Sources

   Per Share Amount      % of Current
Distribution
    Per Share Amount      % of Cumulative
Distributions
 

Net Investment Income

   $ 0.004        6   $ 0.172        22

Net Realized Short-Term Capital Gains

     —         —        —         —   

Net Realized Long-Term Capital Gains

     —          —         0.429        55

Return of Capital (or Other Capital Source)

     0.061        94     0.179        23

Total (per common share)

   $ 0.065        100   $ 0.780        100
  

 

 

    

 

 

   

 

 

    

 

 

 

 

August 31, 2024

      

Average annual total return* on NAV for the 5 years

     6.06

Annualized current distribution rate as a percentage of NAV

     8.59

Cumulative total return on NAV for the fiscal YTD

     28.21

Cumulative fiscal YTD distributions as a percentage of NAV

     7.15

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.