DNP Select Income Fund Inc. Section 19(a) Notice
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CHICAGO, April 7 /PRNewswire-FirstCall/ --
Notification of Sources of Distribution
Distribution Period: March 2009
Distribution Amount Per Share of Common Stock: $0.065
The following table sets forth the estimated amounts of the current
distribution, payable April 10, 2009, and the cumulative distributions paid
this fiscal year to date from the following sources: net investment income;
net realized short term capital gains; net realized long term capital gains;
and return of capital or other capital source. All amounts are expressed per
share of common stock based on U.S. generally accepted accounting principles,
which may differ from federal income tax regulations.
% Breakdown of
Total the Total
Cumulative Cumulative
Distributions Distributions
% Breakdown for the for the
Current of the Current Fiscal Year Fiscal Year
Distribution ($) Distribution to Date ($) to Date
----------------------------------------------------------
Net Investment
Income....... 0.039 60% 0.113 58%
Net Realized
Short Term
Capital
Gains..... 0.000 0% 0.000 0%
Net Realized
Long Term
Capital
Gains..... 0.000 0% 0.000 0%
Return of
Capital or
Other Capital
Source....... 0.026 40% 0.082 42%
----------------------------------------------------------
Total (per
common
share)... 0.065 100% 0.195 100%
Average annual total return* (in relation to NAV) for the 5 years ended
March 31, 2009: 3.9%
Annualized current distribution rate expressed as a percentage of NAV as
of March 31, 2009: 13.7%
Cumulative total return (in relation to NAV) for the fiscal year through
March 31, 2009: -10.6%
Cumulative fiscal year distributions as a percentage of NAV as of March
31, 2009: 3.4%
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.
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.com or call
the Fund at (800) 864-0629.
*Simple arithmetic average of each of the past five annual returns.
SOURCE DNP Select Income Fund Inc.
Joseph C. Curry, Jr., Dianna P. Wengler, or Timothy P. Riordan,
+1-888-878-7845, all for DNP Select Income Fund Inc.
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