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DNP Select Income Fund Announces Dividends And Sources Of Distribution

DNP Select Income Fund, Inc. (DNP) 
US:NYSE Investor Relations: dnpselectincome.com
Company Research Source: PR Newswire
CHICAGO, Dec. 19, 2019 /PRNewswire/ -- The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows:Cents Per ShareEx-Dividend DateRecord DatePayable Date6.5January 30, 2020January 31, 2020February 10, 20206.5February 27, 2020February 28, 2020March 10, 20206.5March 30, 2020March 31, 2020April 10, 2020The Fund adopted a Managed Distribution Plan (the "Plan") in 2007 to maintain its current 6.5 cent per share distribution rate.  Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund's primary objective.  If and when sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital to its shareholders in order to maintain the 6.5 cent per share distribution level.The following table sets forth the estimate Show less Read more
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