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DNP Select Income Fund Inc. Section 19(a) Notice

CHICAGO, Aug. 8, 2014 /PRNewswire/ --

 

Notification of Sources of Distribution


Distribution Period

July 2014







Distribution Amount Per Share of Common Stock

$0.065








The following table sets forth the estimated amounts of the current distribution, payable August 11, 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

0.020

31%

0.316

54%

Net Realized Long Term Capital Gains

0.000

0%

0.170

29%

Return of Capital or Other Capital Source

0.045

69%

0.099

17%

Total (per common share)

0.065

100%

0.585

100%






Average annual total return* (in relation to NAV) for the 5 years ended on July 31, 2014

19.0%

Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2014

8.0%

Cumulative total return (in relation to NAV) for the fiscal year through July 31, 2014

15.4%

Cumulative fiscal year distributions as a percentage of NAV as of July 31, 2014


6.0%






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.com or call the Fund at (800) 864-0629.

SOURCE DNP Select Income Fund Inc.

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