<SEC-DOCUMENT>0000891092-16-019888.txt : 20161230
<SEC-HEADER>0000891092-16-019888.hdr.sgml : 20161230
<ACCEPTANCE-DATETIME>20161230105418
ACCESSION NUMBER:		0000891092-16-019888
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20161031
FILED AS OF DATE:		20161230
DATE AS OF CHANGE:		20161230
EFFECTIVENESS DATE:		20161230

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:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04915
		FILM NUMBER:		162076744

	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>NSAR-B
<SEQUENCE>1
<FILENAME>answer72222.fil
<DESCRIPTION>ANNUAL REPORT
<TEXT>
<PAGE>      PAGE  1
000 B000000 10/31/2016
000 C000000 0000806628
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 DNP SELECT INCOME FUND INC.
001 B000000 811-4915
001 C000000 5025888603
002 A000000 P.O. BOX 32760
002 B000000 LOUISVILLE
002 C000000 KY
002 D010000 40232
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007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 DUFF & PHELPS INVESTMENT MANAGEMENT CO.
008 B000001 A
008 C000001 801-14813
008 D010001 CHICAGO
008 D020001 IL
008 D030001 60606
010 A000001 J.J.B. HILLIARD, W.L. LYONS, LLC
010 B000001 801-23120
010 C010001 LOUISVILLE
010 C020001 KY
010 C030001 40202
012 A000001 COMPUTERSHARE
012 B000001 84-05925
012 C010001 CANTON
012 C020001 MA
012 C030001 02021
013 A000001 ERNST & YOUNG LLP
013 B010001 CHICAGO
013 B020001 IL
<PAGE>      PAGE  2
013 B030001 60606
014 A000001 VP DISTRIBUTORS LLC
014 B000001 8-14100
014 A000002 ETF DISTRIBUTORS LLC
014 B000002 8-69191
015 A000001 THE BANK OF NEW YORK MELLON
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10005
015 E010001 X
015 A000002 BNP PARIBAS SECURITIES SERVICES
015 B000002 S
015 C010002 PARIS
015 D010002 FRANCE
015 D020002 75002
015 E040002 X
015 A000003 CIBC MELLON TRUST COMPANY
015 B000003 S
015 C010003 TORONTO, ONTARIO
015 D010003 CANADA
015 D020003 M5H 4A6
015 E040003 X
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015 B000004 S
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015 D010004 UNITED KINGDOM
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015 E040004 X
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015 B000005 S
015 C010005 AMSTERDAM
015 D010005 NETHERLANDS
015 D020005 107 XX
015 E040005 X
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015 B000006 S
015 C010006 FRANKFURT AM MAIN
015 D010006 GERMANY
015 D020006 60327
015 E040006 X
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019 C000000 DUFFPHELPS
020 A000001 WOLFE RESEARCH SECURITIES
020 B000001 80-0451433
020 C000001     96
020 A000002 BARCLAYS CAPITAL INC.
020 B000002 06-1034656
020 C000002     75
<PAGE>      PAGE  3
020 A000003 RBC CAPITAL
020 B000003 41-1414269
020 C000003     72
020 A000004 CITIGROUP GLOBAL MARKETS, INC.
020 B000004 11-2418191
020 C000004     64
020 A000005 MACQUARIE CAPITAL (USA) INC.
020 B000005 98-0141094
020 C000005     54
020 A000006 MERRILL LYNCH & CO. INC.
020 B000006 13-5674085
020 C000006     48
020 A000007 GOLDMAN SACHS GROUP INC
020 B000007 13-5108880
020 C000007     35
020 A000008 J.P. MORGAN CHASE SECURITIES
020 B000008 13-3379014
020 C000008     34
020 A000009 WELLS FARGO SECURITIES, LLC
020 B000009 94-3379992
020 C000009     28
020 A000010 SCOTIA CAPITAL INC.
020 B000010 13-5239583
020 C000010     14
021  000000      568
022 A000001 CREDIT SUISSE FIRST BOSTON INC.
022 B000001 13-5659485
022 C000001     31194
022 D000001         0
022 A000002 MORGAN STANLEY GROUP INC.
022 B000002 13-2655998
022 C000002     19937
022 D000002         0
022 A000003 GOLDMAN SACHS GROUP INC.
022 B000003 13-5108880
022 C000003     16568
022 D000003         0
022 A000004 BARCLAYS CAPITAL INC.
022 B000004 06-1031656
022 C000004      7532
022 D000004         0
022 A000005 RBC CAPITAL
022 B000005 41-1414269
022 C000005      4640
022 D000005         0
022 A000006 WELLS FARGO SECURITIES LLC
022 B000006 94-3379992
022 C000006      4070
022 D000006         0
022 A000007 CITIGROUP GLOBAL MARKETS, INC.
022 B000007 11-2418191
<PAGE>      PAGE  4
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<PAGE>      PAGE  10
087 A020000 23325P104
087 A030000 DNP
088 A000000 Y
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SIGNATURE   DIANNA P. WENGLER
TITLE       VICE PRESIDENT

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B
<SEQUENCE>2
<FILENAME>e72222ex99-77b.htm
<DESCRIPTION>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&#9; &#9;Exhibit 99.77B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Report of Independent Registered Public Accounting Firm</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">To the Board of Directors and Shareholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">of DNP Select Income Fund Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">In planning and performing our audit of
the financial statements of DNP Select Income Fund Inc. (the Fund) as of and for the year ended October 31, 2016, in accordance
with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund&rsquo;s internal control
over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for
the purpose of expressing an opinion on the effectiveness of the Fund&rsquo;s internal control over financial reporting. Accordingly,
we express no such opinion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">The management of the Fund is responsible
for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected benefits and related costs of controls. A fund&rsquo;s internal
control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.
A fund&rsquo;s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund;
(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance
with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance
with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely
detection of unauthorized acquisition, use or disposition of a fund&rsquo;s assets that could have a material effect on the financial
statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Because of its inherent limitations, internal
control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">A deficiency in internal control over
financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course
of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency,
or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that
a material misstatement of the fund&rsquo;s annual or interim financial statements will not be prevented or detected on a timely
basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Our consideration of the Fund&rsquo;s
internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily
disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company
Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund&rsquo;s internal control over financial
reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined
above as of October 31, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">This report is intended solely for the
information and use of management and the Board of Directors of DNP Select Income Fund Inc. and the Securities and Exchange Commission
and is not intended to be and should not be used by anyone other than these specified parties.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 0.5in"><IMG SRC="image_001.gif" ALT="" STYLE="width: 141pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chicago, IL</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">December 15, 2016</P>


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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77I
<SEQUENCE>3
<FILENAME>e72222ex77i.htm
<DESCRIPTION>TERMS OF NEW OR AMENDED SECURITIES
<TEXT>
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<HEAD>
<TITLE></TITLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in; text-align: right">Exhibit 77I</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">TERMS OF NEW OR AMENDED SECURITIES</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 22, 2016, the Registrant issued $300,000,000
senior notes (&ldquo;Notes&rdquo;) in a private placement. The Notes rank at least <I>pari passu</I> with the Registrant&rsquo;s
other indebtedness, including borrowings under its credit facility. The Notes are secured by a lien on all assets of the Registrant
of every kind, including all securities and all other investment property, equal and ratable with the liens securing the credit
facility. The Registrant is prohibited from declaring dividends on its capital stock at any time when it fails to meet required
Investment Company Act and rating agency asset coverages or when there is an event of default on the Notes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Definitive terms of the Notes follow:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 28%; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><U>Series A</U></TD>
    <TD STYLE="width: 32%; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><U>Series B</U></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Tenor
    </FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">7
    years</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">10
    years</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Tranche
    Size</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">$100,000,000</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">$200,000,000</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Issuance
    Date</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">July
    22, 2016</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">July
    22, 2016</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Maturity
    Date</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">July
    22, 2023</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">July
    22, 2026</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Interest
    Payment Frequency</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Semi-Annual</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Semi-Annual</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Interest
    Payment Dates</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">22nd
    of Jan and Jul</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">22nd
    of Jan and Jul</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">First
    Interest Payment Date</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Jan
    22, 2017</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Jan
    22, 2017</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Benchmark
    Rate Used</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">T
    1&#8541;<FONT STYLE="font-size: 8pt"> </FONT>May, 2023</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">T
    1&#8541; May, 2026</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Benchmark
    Rate at Pricing </FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">1.41%</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">1.60%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Credit
    Spread </FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">1.35%</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">1.40%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Interest
    Rate</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">2.76%</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">3.00%</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Price</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Par</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Par</FONT></TD></TR>
<TR>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt; "><FONT STYLE="text-underline-style: dotted">Call
    Provision</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Treasury
    + 0.50%</FONT></TD>
    <TD STYLE="padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt;  text-align: center"><FONT STYLE="text-underline-style: dotted">Treasury
    + 0.50%</FONT></TD></TR>
</TABLE>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"></P>

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<DOCUMENT>
<TYPE>EX-99.77Q2
<SEQUENCE>4
<FILENAME>e72222ex77q2.htm
<DESCRIPTION>BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: right">Exhibit 77Q2</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: center">Section 16(a) Beneficial Ownership Reporting
Compliance</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">Section 30(h) of the 1940 Act imposes the filing requirements
of Section 16 of the 1934 Act upon (i) the registrant&#8217;s directors and officers, (ii) the registrant&#8217;s investment adviser
and certain of their affiliated persons and (iii) every person who is directly or indirectly the beneficial owner of more than
10% of any class of the registrant&#8217;s outstanding securities (other than short-term paper). Based solely on a review of the
copies of Section 16(a) forms furnished to the registrant, or written representations that no Forms 5 were required, the registrant
believes that during the fiscal year ended October 31, 2016 all such filing requirements were complied with, except that David
Grumhaus, an officer of the registrant&#8217;s investment adviser, was late in filing (i) a Form 3 and (ii) a Form 4 with respect
to one purchase of the registrant&#8217;s common stock.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt">&nbsp;</P>


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<SEQUENCE>5
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