<SEC-DOCUMENT>0001193125-12-348163.txt : 20120810
<SEC-HEADER>0001193125-12-348163.hdr.sgml : 20120810
<ACCEPTANCE-DATETIME>20120809183602
ACCESSION NUMBER:		0001193125-12-348163
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20120810
DATE AS OF CHANGE:		20120809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DNP SELECT INCOME FUND INC
		CENTRAL INDEX KEY:			0000806628
		IRS NUMBER:				363480989
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-180183
		FILM NUMBER:		121021958

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 32760
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40232
		BUSINESS PHONE:		3123685510

	MAIL ADDRESS:	
		STREET 1:		PO BOX 32760
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40232

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DUFF & PHELPS SELECTED UTILITIES INC
		DATE OF NAME CHANGE:	19910429
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d314129d497ad.htm
<DESCRIPTION>DNP SELECT INCOME FUND INC.
<TEXT>
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<TITLE>DNP Select Income Fund Inc.</TITLE>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Filed Pursuant to Rule 497(a) </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>File No.&nbsp;333-180183 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Rule 482 Ad </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="5"><B>NEWS RELEASE </B></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>For Immediate Release </B></FONT></P> <P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Contact:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">Georgeson Inc. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">199 Water
Street &#150; 26th Floor </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT STYLE="font-family:Times New Roman" SIZE="2">New York, NY 10038 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:13%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">(800) 676-0194 </FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>DNP SELECT INCOME FUND INC.</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>ANNOUNCES TERMS OF RIGHTS OFFERING
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">CHICAGO (August 9, 2012) &#150; The board of
directors of DNP Select Income Fund Inc. (NYSE: DNP) today announced that it has approved the terms of a transferable rights offering that entitles shareholders of record to purchase additional shares of common stock. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The board determined that increasing the fund&#146;s assets would enable the fund to take advantage more fully of existing and future
investment opportunities that could benefit existing common shareholders by enhancing risk-adjusted returns. In reaching this decision, the board considered, among other matters, the advice of Duff&nbsp;&amp; Phelps Investment Management Co. (DPIM),
the fund&#146;s investment adviser, which believes this may be an opportune time for the fund to invest new capital in energy master limited partnerships without having to sell securities that DPIM believes should remain in the portfolio.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The board also considered that the offer will provide an opportunity for existing common shareholders to purchase additional
common shares at a discount to market price. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>Summary of the Terms of the Offer: </U></FONT></P>
<P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Subject to the registration statement for the offer becoming effective under the Securities Act of 1933, the fund will distribute to common
shareholders of record one right for each common share held on the record date. The rights entitle common shareholders to purchase one new common share for every eight rights held (1-for-8). Common shareholders who are issued fewer than eight rights
will be entitled to subscribe for one common share of the fund. Fractional common shares will not be issued. </FONT></P></TD></TR></TABLE>
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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The record date for the offer is expected to be August&nbsp;23, 2012. The proposed subscription period is anticipated to expire on September&nbsp;21,
2012 (the &#147;expiration date&#148;), unless extended by the fund. </FONT></P></TD></TR></TABLE>
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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The rights are transferable and are expected to be listed for trading on the New York Stock Exchange under the symbol &#147;DNP RT&#148; during the
course of the offer. Rights may be exercised at any time during the subscription period. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(more)
</B></FONT></P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>- 2 - </B></FONT></P>
<P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">The common share subscription price will be determined on the expiration date. The subscription price will be equal to 90% of the average of the last
reported sale of the fund&#146;s common shares on the NYSE on the expiration date and each of the four immediately preceding trading days (the &#147;formula price&#148;). If the formula price is less than 112% of the fund&#146;s net asset value
(NAV) at the close of trading on the NYSE on the expiration date, the subscription price will be 112% of the fund&#146;s NAV at the close of trading on that day. The estimated subscription price has not yet been determined by the fund.
</FONT></P></TD></TR></TABLE>
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<TD WIDTH="5%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Shareholders of record who exercise all of their primary subscription rights will be eligible for an over-subscription privilege, subject to certain
limitations and allotment, entitling them to subscribe for any additional common shares not purchased under the primary subscription. </FONT></P></TD></TR></TABLE> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The fund intends to mail a copy of the prospectus for the offer and subscription certificates evidencing the rights to record date shareholders within the United States following the record date. Common
shareholders who hold their common shares through a bank, trust company or broker should contact their representative with instructions to either exercise or sell their rights. Common shareholders who hold common shares directly and wish to exercise
or sell their rights should complete the subscription certificate they will receive in the mail and send it to the subscription agent for the offer, together with their payment, at one of the locations indicated on the subscription certificate or in
the prospectus. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2"><U>About the Fund </U></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">DNP Select Income Fund Inc. is a registered closed-end diversified management investment company whose 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 industries. For more information, visit www.dnpselectincome.com or call (800)&nbsp;864-0629.
</FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Duff&nbsp;&amp; Phelps Investment Management Co. has more than 28 years of experience managing investment portfolios
including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investments trusts (REITs). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B># # # </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Investors should consider the fund&#146;s investment objectives,
risks, charges and expenses carefully before investing. The fund&#146;s prospectus contains this and other information about the fund and should be read carefully before investing. For further information regarding the fund&#146;s Offer, or to
obtain a prospectus, when available, please contact the fund&#146;s Information Agent: </B></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:46%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Georgeson
Inc. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>199 Water Street &#150; 26th Floor </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>New York, NY 10038 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:46%; text-indent:-2%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>(800) 676-0194 </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>(more) </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>- 3 - </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>The information in this communication is not complete and may be changed. The fund may not sell these securities until the registration statement filed with the Securities and Exchange Commission is
effective. This communication is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. </B></FONT></P>
<P STYLE="font-size:18px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
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<TD WIDTH="13%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:Times New Roman" SIZE="2">Source:</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:Times New Roman" SIZE="2">DNP Select Income Fund Inc. </FONT></TD></TR></TABLE>
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