CHICAGO, June 7, 2013 /PRNewswire/ --
Notification of Sources of Distribution | |||||
Distribution Period | May 2013 | ||||
Distribution Amount Per Share of Common Stock | $0.065 | ||||
The following table sets forth the estimated amounts of the current distribution, payable June 10, 2013, and | |||||
the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net | |||||
realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. | |||||
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. | |||||
Current | % Breakdown | Total Cumulative | % Breakdown | ||
Net Investment Income | 0.034 | 53% | 0.146 | 45% | |
Net Realized Long Term Capital Gains | 0.031 | 47% | 0.179 | 55% | |
Total (per common share) | 0.065 | 100% | 0.325 | 100% | |
Average annual total return* (in relation to NAV) for the 5 years ended on May 31, 2013 | 12.1% | ||||
Annualized current distribution rate expressed as a percentage of NAV as of May 31, 2013 | 8.8% | ||||
Cumulative total return (in relation to NAV) for the fiscal year through May 31, 2013 | 11.4% | ||||
Cumulative fiscal year distributions as a percentage of NAV as of May 31, 2013 | 3.7% | ||||
You should not necessarily draw any conclusions about the Fund's investment performance from the amount of this | |||||
distribution. | |||||
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 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.
Notice of Change in Shareholder Mailings Schedule | |||||
In order to be good stewards of the Fund's resources, we have decided not to incur the expense of mailing the first and | |||||
third quarter shareholder reports beginning in 2013. Those reports will continue to be available in their entirety on the | |||||
Fund's website, www.dnpselectincome.com and by mail to shareholders upon request. Although annual and semi- | |||||
annual reports will continue to be mailed to shareholders, as required by law, we encourage you to access shareholder | |||||
reports and other information about the Fund on the Fund's website. | |||||
DNP Select Income Fund Inc. (NYSE: DNP) is a closed-end diversified investment management company. The Fund's primary investment objectives are current income and long-term growth of income. The Fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. For more information, visit the Fund's website at www.dnpselectincome.comor call the Fund at (800) 864-0629.
SOURCE DNP Select Income Fund Inc.