EX-99.C 4 d519817dex99c.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 2023
Distribution Amount Per Share of Common Stock        $0.065

The following table sets forth the estimated amounts of the current distribution, payable June 12, 2023 to shareholders of record May 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

  May 2023     Fiscal YTD  

Sources

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

Net Investment Income

  $  0.013       20   $  0.100       22

Net Realized Short-Term Capital Gains

    —         —         —         —    

Net Realized Long-Term Capital Gains

    0.030       46     0.259       57

Return of Capital (or Other Capital Source)

    0.022       34     0.096       21
 

 

 

   

 

 

   

 

 

   

 

 

 

Total (per common share)

  $ 0.065       100   $ 0.455       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

   June 2023
Distribution Amount Per Share of Common Stock        $0.065

The following table sets forth the estimated amounts of the current distribution, payable July 10, 2023 to shareholders of record June 30, 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

  June 2023     Fiscal YTD  

Sources

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

Net Investment Income

  $ 0.020       30   $ 0.120       23

Net Realized Short-Term Capital Gains

    —         —         —         —    

Net Realized Long-Term Capital Gains

    —         —         0.260       50

Return of Capital (or Other Capital Source)

    0.045       70     0.140       27
 

 

 

   

 

 

   

 

 

   

 

 

 

Total (per common share)

  $  0.065       100   $ 0.520       100
 

 

 

   

 

 

   

 

 

   

 

 

 

May 31, 2023

       

Average annual total return* on NAV for the 5 years

          7.27

Annualized current distribution rate as a percentage of NAV

          9.52

Cumulative total return on NAV for the fiscal YTD

          -0.29

Cumulative fiscal YTD distributions as a percentage of NAV

          5.55

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 2023
Distribution Amount Per Share of Common Stock        $0.065

The following table sets forth the estimated amounts of the current distribution, payable August 10, 2023 to shareholders of record July 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

  July 2023     Fiscal YTD  

Sources

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

Net Investment Income

  $ 0.012       18   $ 0.129       22

Net Realized Short-Term Capital Gains

    —         —         —         —    

Net Realized Long-Term Capital Gains

    0.023       35     0.281       48

Return of Capital (or Other Capital Source)

    0.030       47     0.175       30
 

 

 

   

 

 

   

 

 

   

 

 

 

Total (per common share)

  $ 0.065       100   $ 0.585       100
 

 

 

   

 

 

   

 

 

   

 

 

 

May 31, 2023

       

Average annual total return* on NAV for the 5 years

          7.27

Annualized current distribution rate as a percentage of NAV

          9.52

Cumulative total return on NAV for the fiscal YTD

          -0.29

Cumulative fiscal YTD distributions as a percentage of NAV

          5.55

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 2023
Distribution Amount Per Share of Common Stock        $0.065

The following table sets forth the estimated amounts of the current distribution, payable September 11, 2023 to shareholders of record August 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

  August 2023     Fiscal YTD  

Sources

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

Net Investment Income

  $ 0.012       19   $ 0.143       22

Net Realized Short-Term Capital Gains

                       

Net Realized Long-Term Capital Gains

    0.053       81     0.345       53

Return of Capital (or Other Capital Source)

    —         —         0.162       25
 

 

 

   

 

 

   

 

 

   

 

 

 

Total (per common share)

  $ 0.065       100   $ 0.650       100
 

 

 

   

 

 

   

 

 

   

 

 

 

May 31, 2023

       

Average annual total return* on NAV for the 5 years

          7.27

Annualized current distribution rate as a percentage of NAV

          9.52

Cumulative total return on NAV for the fiscal YTD

          -0.29

Cumulative fiscal YTD distributions as a percentage of NAV

          5.55

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 2023
Distribution Amount Per Share of Common Stock        $0.065

The following table sets forth the estimated amounts of the current distribution, payable October 10, 2023 to shareholders of record September 29, 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

  September 2023     Fiscal YTD  

Sources

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

Net Investment Income

  $ 0.012       19   $ 0.157       22

Net Realized Short-Term Capital Gains

    —         —         —         —    

Net Realized Long-Term Capital Gains

    0.019       29     0.358       50

Return of Capital (or Other Capital Source)

    0.034       52     0.200       28
 

 

 

   

 

 

   

 

 

   

 

 

 

Total (per common share)

  $ 0.065       100   $ 0.715       100
 

 

 

   

 

 

   

 

 

   

 

 

 

August 31, 2023

       

Average annual total return* on NAV for the 5 years

          5.97

Annualized current distribution rate as a percentage of NAV

          9.81

Cumulative total return on NAV for the fiscal YTD

          -0.98

Cumulative fiscal YTD distributions as a percentage of NAV

          8.18

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 2023
Distribution Amount Per Share of Common Stock        $0.065

The following table sets forth the estimated amounts of the current distribution, payable November 10, 2023 to shareholders of record October 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

  October 2023     Fiscal YTD  

Sources

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

Net Investment Income

  $ 0.007       10   $ 0.164       21

Net Realized Short-Term Capital Gains

    0.002       3     —         —    

Net Realized Long-Term Capital Gains

    0.043       67     0.405       52

Return of Capital (or Other Capital Source)

    0.013       20     0.211       27
 

 

 

   

 

 

   

 

 

   

 

 

 

Total (per common share)

  $ 0.065       100   $ 0.780       100
 

 

 

   

 

 

   

 

 

   

 

 

 

August 31, 2023

       

Average annual total return* on NAV for the 5 years

          5.97

Annualized current distribution rate as a percentage of NAV

          9.81

Cumulative total return on NAV for the fiscal YTD

          -0.98

Cumulative fiscal YTD distributions as a percentage of NAV

          8.18

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.