CHICAGO, April 8, 2014 /PRNewswire/ --
Notification of Sources of Distribution | ||||
Distribution Period | March 2014 | |||
Distribution Amount Per Share of Common Stock | $0.065 | |||
The following table sets forth the estimated amounts of the current distribution, payable April 10, 2014, and | ||||
the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net | ||||
realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. | ||||
All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, | ||||
which may differ from federal income tax regulations. | ||||
Current Distribution ($) | % Breakdown of the Current Distribution | Total Cumulative Distributions for the Fiscal Year to Date ($) | % Breakdown of the Total Cumulative Distributions for the Fiscal Year to Date | |
Net Investment Income | 0.033 | 51% | 0.202 | 62% |
Net Realized Long Term Capital Gains | 0.001 | 2% | 0.120 | 37% |
Return of Capital or Other Capital Source | 0.031 | 47% | 0.003 | 1% |
Total (per common share) | 0.065 | 100% | 0.325 | 100% |
Average annual total return* (in relation to NAV) for the 5 years ended on March 31, 2014 | 22.4% | |||
Annualized current distribution rate expressed as a percentage of NAV as of March 31, 2014 | 8.3% | |||
Cumulative total return (in relation to NAV) for the fiscal year through March 31, 2014 | 8.4% | |||
Cumulative fiscal year distributions as a percentage of NAV as of March 31, 2014 | 3.5% | |||
You should not necessarily draw any conclusions about the Fund's investment performance from the amount of this | ||||
distribution. | ||||
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 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. (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.