<SEC-DOCUMENT>0001752724-21-059428.txt : 20210323
<SEC-HEADER>0001752724-21-059428.hdr.sgml : 20210323
<ACCEPTANCE-DATETIME>20210323120512
ACCESSION NUMBER:		0001752724-21-059428
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210129
FILED AS OF DATE:		20210323
PERIOD START:           	20211031

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:			1031

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04915
		FILM NUMBER:		21763769

	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>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <repPdEnd>2021-10-31</repPdEnd>
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        <name>Comcast Corp</name>
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        <name>Evergy Inc</name>
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        <name>ONEOK Inc</name>
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        <name>Verizon Communications Inc</name>
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        <name>EVERSOURCE ENERGY</name>
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        <name>PUBLIC SERVICE ELECTRIC</name>
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        <name>WEC ENERGY GROUP INC</name>
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        <name>Black Hills Corp</name>
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        <name>KONINKLIJKE KPN NV</name>
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        <name>Public Service Enterprise Grou</name>
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        <name>Plains All American Pipeline L</name>
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        <name>Eversource Energy</name>
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        <name>Targa Resources Corp</name>
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        <name>Fortis Inc/Canada</name>
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        <name>Hess Midstream LP</name>
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        <name>MAGELLAN MIDSTREAM PARTN</name>
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        <name>OGE Energy Corp</name>
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        <name>Enel SpA</name>
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        <name>PHILLIPS 66</name>
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        <name>Kinder Morgan Inc</name>
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        <name>INDIANA MICHIGAN POWER</name>
        <lei>JHR9V15J0ZRG02MIRD06</lei>
        <title>Indiana Michigan Power Co</title>
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        <name>AMERICAN WATER CAPITAL C</name>
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          <maturityDt>2025-03-01</maturityDt>
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        <name>Golar LNG Ltd</name>
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        <name>DCP Midstream LP</name>
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        <name>DUKE ENERGY CORP</name>
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        <name>NextEra Energy Partners LP</name>
        <lei>5493008F4ZOQFNG3WN54</lei>
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        <name>Atmos Energy Corp</name>
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        <name>Phillips 66</name>
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        <name>BCE Inc</name>
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        <name>OHIO POWER COMPANY</name>
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        <name>WILLIAMS COMPANIES INC</name>
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        <name>Xcel Energy Inc</name>
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        <name>TRANSCANADA PIPELINES</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TransCanada PipeLines Ltd</title>
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        <name>ENERGY TRANSFER OPERATNG</name>
        <lei>5493008K8W3OKZE54J59</lei>
        <title>Energy Transfer Operating LP</title>
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      <invstOrSec>
        <name>TCI COMMUNICATIONS INC</name>
        <lei>N/A</lei>
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        <name>Cheniere Energy Inc</name>
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        <title>Cheniere Energy Inc</title>
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      <invstOrSec>
        <name>American Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc</title>
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          <isin value="US0255371017"/>
          <ticker value="AEP"/>
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        <name>NiSource Inc</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc</title>
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          <isin value="US65473P1057"/>
          <ticker value="NI"/>
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        <valUSD>58808250.00000000</valUSD>
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      <invstOrSec>
        <name>SEMPRA ENERGY</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra Energy</title>
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          <isin value="US816851AV10"/>
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      <invstOrSec>
        <name>VALERO ENERGY PARTNERS</name>
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        <title>Valero Energy Partners LP</title>
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          <maturityDt>2028-03-15</maturityDt>
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        <name>FLORIDA POWER &amp; LIGHT CO</name>
        <lei>A89MY1K3YLIGJMYWVX50</lei>
        <title>Florida Power &amp; Light Co</title>
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      <invstOrSec>
        <name>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire Inc</title>
        <cusip>84857L101</cusip>
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          <isin value="US84857L1017"/>
          <ticker value="SR"/>
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        <assetCat>EC</assetCat>
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        <name>American Water Works Co Inc</name>
        <lei>549300DXHIJQMD5WFW18</lei>
        <title>American Water Works Co Inc</title>
        <cusip>030420103</cusip>
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          <isin value="US0304201033"/>
          <ticker value="AWK"/>
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      <invstOrSec>
        <name>Cheniere Energy Partners LP</name>
        <lei>5493005UEC8AZ34LDV29</lei>
        <title>Cheniere Energy Partners LP</title>
        <cusip>16411Q101</cusip>
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          <isin value="US16411Q1013"/>
          <ticker value="CQP"/>
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        <balance>140941.00000000</balance>
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        <name>Keyera Corp</name>
        <lei>N/A</lei>
        <title>Keyera Corp</title>
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          <isin value="CA4932711001"/>
          <ticker value="KEY"/>
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        <invCountry>CA</invCountry>
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        <name>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc</title>
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        <name>VIRGINIA ELEC &amp; POWER CO</name>
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        <name>Genesis Energy LP</name>
        <lei>549300VJ5D6MDK138782</lei>
        <title>Genesis Energy LP</title>
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          <isin value="US3719271047"/>
          <ticker value="GEL"/>
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        <name>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273V100</cusip>
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          <isin value="US29273V1008"/>
          <ticker value="ET"/>
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        <name>Ameren Corp</name>
        <lei>XRZQ5S7HYJFPHJ78L959</lei>
        <title>Ameren Corp</title>
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          <ticker value="AEE"/>
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        <name>PLAINS ALL AMER PIPELINE</name>
        <lei>N/A</lei>
        <title>Plains All American Pipeline LP / PAA Finance Corp</title>
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        <name>Orange SA</name>
        <lei>969500MCOONR8990S771</lei>
        <title>Orange SA</title>
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        <invCountry>FR</invCountry>
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        <name>ENTERGY LOUISIANA LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
        <title>Entergy Louisiana LLC</title>
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          <other otherDesc="SEDOL" value="B410GD1"/>
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        <name>AMERICAN TOWER CORP</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp</title>
        <cusip>03027XAQ3</cusip>
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        <name>American Tower Corp</name>
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        <name>CROWN CASTLE INTL CORP</name>
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        <name>SOUTHERN POWER CO</name>
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        <name>Vodafone Group PLC</name>
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        <name>CONNECTICUT LIGHT &amp; PWR</name>
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      <invstOrSec>
        <name>WILLIAMS COMPANIES INC</name>
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        <name>Pinnacle West Capital Corp</name>
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        <name>Pembina Pipeline Corp</name>
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        <name>Dominion Energy Inc</name>
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        <name>Southern Co/The</name>
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        <name>Essential Utilities Inc</name>
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        <name>DPL CAPITAL TRUST II</name>
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        <name>Equitrans Midstream Corp</name>
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        <name>CMS Energy Corp</name>
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        <name>Williams Cos Inc/The</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONEOK INC</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>ONEOK Inc</title>
        <cusip>682680AN3</cusip>
        <identifiers>
          <isin value="US682680AN39"/>
          <other otherDesc="SEDOL" value="B0BP4K1"/>
        </identifiers>
        <balance>11000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>13539515.22000000</valUSD>
        <pctVal>0.496109039612</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DTE Energy Co</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co</title>
        <cusip>233331107</cusip>
        <identifiers>
          <isin value="US2333311072"/>
          <ticker value="DTE"/>
        </identifiers>
        <balance>795550.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94447696.00000000</valUSD>
        <pctVal>3.460711480050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18401600.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MPLX LP</name>
        <lei>5493000CZJ19CK4P3G36</lei>
        <title>MPLX LP</title>
        <cusip>55336V100</cusip>
        <identifiers>
          <isin value="US55336V1008"/>
          <ticker value="MPLX"/>
        </identifiers>
        <balance>1056852.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24423849.72000000</valUSD>
        <pctVal>0.894928099813</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER OPERATNG</name>
        <lei>5493008K8W3OKZE54J59</lei>
        <title>Energy Transfer Operating LP</title>
        <cusip>29273RBC2</cusip>
        <identifiers>
          <isin value="US29273RBC25"/>
          <other otherDesc="SEDOL" value="BHBFCK6"/>
        </identifiers>
        <balance>8850000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11747426.46000000</valUSD>
        <pctVal>0.430444101158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enterprise Products Partners L</name>
        <lei>K4CDIF4M54DJZ6TB4Q48</lei>
        <title>Enterprise Products Partners LP</title>
        <cusip>293792107</cusip>
        <identifiers>
          <isin value="US2937921078"/>
          <ticker value="EPD"/>
        </identifiers>
        <balance>1631000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32995130.00000000</valUSD>
        <pctVal>1.208993231309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magellan Midstream Partners LP</name>
        <lei>MZF5TI8NFVZZNUSKDL39</lei>
        <title>Magellan Midstream Partners LP</title>
        <cusip>559080106</cusip>
        <identifiers>
          <isin value="US5590801065"/>
          <ticker value="MMP"/>
        </identifiers>
        <balance>462090.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20544521.40000000</valUSD>
        <pctVal>0.752783435406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DTE ELECTRIC CO</name>
        <lei>9N0FWODEJVKHC2DYLO03</lei>
        <title>DTE Electric Co</title>
        <cusip>23338VAB2</cusip>
        <identifiers>
          <isin value="US23338VAB27"/>
          <other otherDesc="SEDOL" value="BGH3G05"/>
        </identifiers>
        <balance>6400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6956847.36000000</valUSD>
        <pctVal>0.254909781215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC SERVICE CO OF NEW</name>
        <lei>OFZN1UT56PNG1CGSR346</lei>
        <title>Public Service Co of New Mexico</title>
        <cusip>744542AC5</cusip>
        <identifiers>
          <isin value="US744542AC53"/>
          <other otherDesc="SEDOL" value="BYS2SY5"/>
        </identifiers>
        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5498199.45000000</valUSD>
        <pctVal>0.201462637651</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.85000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Resources Corp</name>
        <lei>549300QKBSQBIX4DQ583</lei>
        <title>New Jersey Resources Corp</title>
        <cusip>646025106</cusip>
        <identifiers>
          <isin value="US6460251068"/>
          <ticker value="NJR"/>
        </identifiers>
        <balance>1081600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37866816.00000000</valUSD>
        <pctVal>1.387499435075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
        <cusip>281020107</cusip>
        <identifiers>
          <isin value="US2810201077"/>
          <ticker value="EIX"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58160000.00000000</valUSD>
        <pctVal>2.131073474568</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN TOWER CORP</name>
        <lei>5493006ORUSIL88JOE18</lei>
        <title>American Tower Corp</title>
        <cusip>03027XAD2</cusip>
        <identifiers>
          <isin value="US03027XAD21"/>
          <other otherDesc="SEDOL" value="BD035P9"/>
        </identifiers>
        <balance>4500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5072101.70000000</valUSD>
        <pctVal>0.185849748851</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ONE Gas Inc</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE Gas Inc</title>
        <cusip>68235P108</cusip>
        <identifiers>
          <isin value="US68235P1084"/>
          <ticker value="OGS"/>
        </identifiers>
        <balance>576000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42122880.00000000</valUSD>
        <pctVal>1.543448284739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marathon Petroleum Corp</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>Marathon Petroleum Corp</title>
        <cusip>56585A102</cusip>
        <identifiers>
          <isin value="US56585A1025"/>
          <ticker value="MPC"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7984600.00000000</valUSD>
        <pctVal>0.292568247335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENTERPRISE PRODUCTS OPER</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC</title>
        <cusip>29379VAZ6</cusip>
        <identifiers>
          <isin value="US29379VAZ67"/>
          <other otherDesc="SEDOL" value="B9M5X73"/>
        </identifiers>
        <balance>6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6329529.84000000</valUSD>
        <pctVal>0.231923884946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.35000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-03-19</ncom:dateSigned>
      <ncom:nameOfApplicant>DNP Select Income Fund Inc</ncom:nameOfApplicant>
      <ncom:signature>Dianna P. Wengler</ncom:signature>
      <ncom:signerName>Dianna P. Wengler</ncom:signerName>
      <ncom:title>Vice President and Assistant Secretary </ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
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<DOCUMENT>
<TYPE>NPORT-EX
<SEQUENCE>2
<FILENAME>DNP_NPORT_1-31-21.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 10pt"><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS<BR>
January 31, 2021<BR>
(Unaudited)</B></P>

<TABLE BORDER="0" CELLPADDING="1" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 5.5; font-weight: bold; text-align: center; width: 16%; padding-left: 5.5; white-space: nowrap">&nbsp;Shares&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 5.5; font-weight: bold; text-align: left; width: 63%; padding-left: 5.5; white-space: nowrap">Description</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; padding-right: 5.5; font-weight: bold; text-align: center; width: 21%; padding-left: 5.5; white-space: nowrap">&nbsp;Value&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; font-weight: bold; padding-left: 5.5; white-space: nowrap">&nbsp;COMMON STOCKS &amp; MLP INTERESTS--117.0%&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: left; padding-left: 5.5; white-space: nowrap">ELECTRIC, GAS AND WATER--84.8%</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,751,790</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">Alliant Energy Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;85,224,583</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,276,100</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">Ameren Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92,797,992</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988,640</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">American Electric Power Co., Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,990,862</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589,890</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">American Water Works Co.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93,804,308</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;732,000</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">Atmos Energy Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,148,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389,700</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">Black Hills Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,039,064</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,796,070</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">CenterPoint Energy, Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,059,116</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,564,820</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">CMS Energy Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89,006,962</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,275,600</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">Dominion Energy, Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92,978,484</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795,550</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">DTE Energy Co.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94,447,696</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Edison International<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,160,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,893,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">EDP-Energias de Portugal, S.A. (Portugal)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,894,595</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,296,855</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Emera Inc. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54,282,232</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,029,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Enel S.p.A. (Italy)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,239,832</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,019,110</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Essential Utilities, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,184,793</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,592,441</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Evergy, Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85,561,855</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,171,200</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Eversource Energy<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102,480,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,138,500</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">FirstEnergy Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,020,260</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,079,800</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Fortis Inc. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,717,763</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,960,100</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">National Grid plc (United Kingdom)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,550,881</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,081,600</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">New Jersey Resources Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,866,816</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,187,435</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">NextEra Energy, Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96,027,868</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827,210</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Nextera Energy Partners, LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67,417,615</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,655,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">NiSource Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,808,250</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;800,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Northwest Natural Holding Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37,368,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,300,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">OGE Energy Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,196,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;576,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">ONE Gas, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,122,880</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936,100</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Pinnacle West Capital Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,441,525</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,716,600</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Public Service Enterprise Group Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96,867,738</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785,910</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Sempra Energy<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97,264,222</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,500,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">South Jersey Industries, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,650,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,609,850</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Southern Co.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94,852,362</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840,900</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Spire Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,454,671</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,016,200</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">WEC Energy Group, Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90,340,180</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,386,900</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Xcel Energy Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88,747,731</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 5.5; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,314,015,136</TD></TR>
</TABLE>

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<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">The accompanying note is an integral part of this financial statement.</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>DNP SELECT INCOME FUND INC.<BR> SCHEDULE OF INVESTMENTS -- (Continued)<BR> January 31, 2021<BR> (Unaudited)</B></P></DIV>
    <!-- Field: /Page -->



<TABLE BORDER="0" CELLPADDING="1" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.5; font-weight: bold; text-align: left; padding-left: 5.5; white-space: nowrap">OIL &amp; GAS STORAGE, TRANSPORTATION AND PRODUCTION--14.7%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; width: 16%; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;381,000</TD>
    <TD STYLE="padding-right: 5.5; width: 63%; padding-left: 5.5; white-space: nowrap">Cheniere Energy, Inc.*</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; width: 21%; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;24,128,730</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140,941</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Cheniere Energy Partners, LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,516,431</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">DCP Midstream LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,420,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,235,945</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Enbridge Inc. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,527,752</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,454,062</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Energy Transfer Equity LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,656,969</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,631,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Enterprise Products Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,995,130</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;675,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Equitrans Midstream Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,488,750</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Genesis Energy LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,959,250</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;515,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Golar LNG Limited* (Bermuda)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,577,450</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Hess Midstream LP Class A</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,043,500</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;375,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Keyera Corp. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,051,157</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,525,026</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Kinder Morgan, Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,472,366</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462,090</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Magellan Midstream Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,544,521</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Marathon Petroleum Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,984,600</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,056,852</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">MPLX LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,423,850</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;442,150</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">ONEOK, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,610,835</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;986,600</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Pembina Pipeline Corp. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,996,286</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Phillips 66</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,085,000</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;183,419</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Phillips 66 Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,607,485</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,113,900</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Plains All American Pipeline, LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,693,343</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Rattler Midstream LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,831,600</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;940,120</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Targa Resources Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,731,084</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;806,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">TC Energy Corp. (Canada)<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,601,580</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252,020</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Westlake Chemical Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,003,116</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,373,500</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">The Williams Companies, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,159,405</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; padding-right: 5.5; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;402,110,190</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">The accompanying note is an integral part of this financial statement.</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>DNP SELECT INCOME FUND INC.<BR> SCHEDULE OF INVESTMENTS -- (Continued)<BR> January 31, 2021<BR> (Unaudited)</B></P></DIV>
    <!-- Field: /Page -->



<TABLE BORDER="0" CELLPADDING="1" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; width: 16%; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: left; width: 63%; padding-left: 5.5; white-space: nowrap">TELECOMMUNICATIONS--17.5%</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; width: 21%; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">American Tower Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;65,707,040</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,290,700</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">AT&amp;T Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65,582,741</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951,515</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">BCE Inc. (Canada)<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40,344,236</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,002,350</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Comcast Corp. Class A</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49,686,489</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630,100</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Crown Castle International Corp.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100,349,726</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Orange SA (France)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,789,390</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,560,600</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Telus Corp. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,897,753</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,416,389</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Verizon Communications Inc.<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77,547,298</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;782,200</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Vodafone Group Plc ADR (United Kingdom)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,414,730</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477,319,403</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Total Common Stocks &amp; MLP Interests (Cost $2,532,953,714)</TD>
    <TD STYLE="padding-right: 5.5; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,193,444,729</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: center; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: center; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: center; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; padding-left: 5.5; white-space: nowrap">Par Value</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: center; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: center; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: left; padding-left: 5.5; white-space: nowrap">BONDS--18.4%</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; font-weight: bold; text-align: left; padding-left: 5.5; white-space: nowrap">ELECTRIC, GAS AND WATER--9.3%</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;12,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">American Water Capital Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.40%, 3/01/25<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,273,397</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Arizona Public Service Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">6 7/8%, 8/01/36<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,422,549</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">CMS Energy Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.45%, 8/15/27</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,826,023</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Connecticut Light &amp; Power Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">3.20%, 3/15/27</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,626,547</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">DPL Capital Trust II</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">8 1/8%, 9/01/31</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,704,569</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,400,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">DTE Electric Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.65%, 3/15/24</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,956,847</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Duke Energy Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.15%, 8/15/2027</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,135,653</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,600,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Edison International</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4 1/8%, 3/15/28</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,167,919</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,500,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Entergy Louisiana, LLC</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">5.40%, 11/01/24</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,155,075</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Entergy Louisiana, LLC</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4.44%, 1/15/26</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,770,517</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Entergy Texas, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4.00%, 3/30/29</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,651,267</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Eversource Energy</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4 1/4%, 4/01/29</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,314,274</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Florida Power &amp; Light Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3 1/4%, 6/01/24<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,783,314</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Indiana Michigan Power Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.20%, 3/15/23</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,355,982</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Interstate Power &amp; Light</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3 1/4%, 12/01/24</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,002,621</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>





<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">The accompanying note is an integral part of this financial statement.</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>DNP SELECT INCOME FUND INC.<BR> SCHEDULE OF INVESTMENTS -- (Continued)<BR> January 31, 2021<BR> (Unaudited)</B></P></DIV>
    <!-- Field: /Page -->



<TABLE BORDER="0" CELLPADDING="1" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; width: 16%; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;14,000,000</TD>
    <TD STYLE="padding-right: 5.5; width: 63%; padding-left: 5.5; white-space: nowrap">NiSource Finance Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; width: 21%; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.49%, 5/15/27</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;15,800,228</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Ohio Power Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">6.60%, 2/15/33</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,944,144</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,345,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Oncor Electric Delivery Co. LLC</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">7.00%, 9/01/22<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,433,803</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Public Service Electric</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.00%, 5/15/25</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,458,969</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Public Service Electric</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.00%, 5/15/27</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,068,314</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Public Service New Mexico</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.85%, 8/01/25</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,498,200</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Sempra Energy</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.55%, 6/15/24</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,779,208</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,300,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Southern Power Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4.15%, 12/01/25</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,943,573</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Virginia Electric &amp; Power Co.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.15%, 1/15/26</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,348,713</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,720,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Wisconsin Energy Corp.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.55%, 6/15/25</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,443,564</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254,865,270</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 5.5; font-weight: bold; text-align: left; padding-left: 5.5; white-space: nowrap">OIL &amp; GAS STORAGE, TRANSPORTATION AND PRODUCTION--4.6%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Enbridge Inc. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4 1/4%, 12/01/26<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,786,941</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,488,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Energy Transfer Partners</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">7.60%, 2/01/24</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,397,700</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,850,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Energy Transfer Partners</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">8 1/4%, 11/15/29</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,747,426</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Enterprise Products Operating LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">3.35%, 3/15/23</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,329,530</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Enterprise Products Operating LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: left; padding-left: 5.5; white-space: nowrap">3.13%, 7/31/29</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,581,065</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Magellan Midstream Partners, LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">5.00%, 3/1/26</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,679,780</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">ONEOK, Inc.</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">6.00%, 6/15/35</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,539,515</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Phillips 66</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.90%, 3/15/28</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,393,014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Plains All American Pipeline, LP&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4.65%, 10/15/25</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,599,108</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,210,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">TransCanada PipeLines Ltd. (Canada)</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3 3/4%, 10/16/23</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,182,150</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,500,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Valero Energy Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4 1/2%, 3/15/28</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,874,969</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Williams Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">3.60%, 3/15/22</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,301,411</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">Williams Partners LP</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">4.55%, 6/24/24</TD>
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,575,788</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; padding-left: 5.5; white-space: nowrap">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5; white-space: nowrap">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125,988,397</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">The accompanying note is an integral part of this financial statement.</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>DNP SELECT INCOME FUND INC.<BR> SCHEDULE OF INVESTMENTS -- (Continued)<BR> January 31, 2021<BR> (Unaudited)</B></P></DIV>
    <!-- Field: /Page -->



<TABLE BORDER="0" CELLPADDING="1" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; width: 16%; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; font-weight: bold; text-align: left; width: 63%; padding-left: 5.5">TELECOMMUNICATIONS--4.5%</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; width: 21%; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;4,500,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">American Tower Corp.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">5.00%, 2/15/24</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;5,072,102</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,500,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">American Tower Corp.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">3.00%, 6/15/23</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,821,339</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">AT&amp;T Inc.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">4.45%, 4/01/24</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,563,260</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,000,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">AT&amp;T Inc.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">3.55%, 6/01/24</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,589,256</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,000,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">CenturyLink Inc.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">6 7/8%, 1/15/28</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,574,900</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,900,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Comcast Corp.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">7.05%, 3/15/33</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,851,281</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,190,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Crown Castle International Corp.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">4.45%, 2/15/26</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,730,963</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,000,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Koninklijke KPN NV (Netherlands)</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">8 3/8%, 10/01/30<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(a)(b)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,651,483</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">TCI Communications Inc.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">7 1/8%, 2/15/28</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,871,516</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,500,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Verizon Global Funding Corp.</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">7 3/4%, 12/01/30</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23,458,583</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,000,000</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Vodafone Group Plc (United Kingdom)</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">7 7/8%, 2/15/30</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,395,789</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121,580,472</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Total Bonds (Cost $439,948,361)</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502,434,139</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.5; white-space: nowrap; font-weight: bold; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">&nbsp;</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; white-space: nowrap; font-weight: bold; padding-left: 5.5">TOTAL INVESTMENTS--135.4% (Cost $2,972,902,075)</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; border-bottom: Black 0.5pt solid; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;3,695,878,868</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Secured borrowings--(14.6)%</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(400,000,000)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Secured notes--(11.0)%</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(300,000,000)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Mandatory Redeemable Preferred Shares at liquidation value--(11.0)%</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(300,000,000)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; white-space: nowrap; padding-left: 5.5">Other assets less other liabilities--1.2%</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,262,135</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 5.5; white-space: nowrap; font-weight: bold; padding-left: 5.5">NET ASSETS APPLICABLE TO COMMON STOCK--100.0%</TD>
    <TD STYLE="padding-right: 5.5; white-space: nowrap; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right; padding-left: 5.5">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;2,729,141,003</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 4px solid"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">The accompanying note is an integral part of this financial statement.</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>DNP SELECT INCOME FUND INC.<BR> SCHEDULE OF INVESTMENTS -- (Continued)<BR> January 31, 2021<BR> (Unaudited)</B></P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">(a) All or a portion of this security has been pledged as collateral for borrowings and made available for loan.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">(b) All or a portion of this security has been loaned.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;* Non-income producing.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">The percentage shown for each investment
category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.</P>

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

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">Note 1. Investment Valuation</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">The Fund's investments are carried at
fair value which is defined as the price that the Fund might reasonably expect to receive upon selling an investment in a
timely transaction to an independent buyer in the principal or most advantageous market of the investment.&nbsp;&nbsp;The
three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the
three broad levels listed below.</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">Level 1 - quoted prices in active markets for identical securities</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">Level 2 - other significant observable
inputs (including quoted prices for similar securities, interest rates,&nbsp;prepayment speeds, credit risks, etc.)</P>



<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">Level 3 - significant unobservable inputs
(including the Fund's own assumptions in determining fair value of investments)</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">The inputs or methodology used for valuing
securities are not necessarily an indication of the risk associated with investing in these securities.&nbsp;&nbsp;For more information
about the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's
most recent financial statements contained&nbsp;in its annual report.&nbsp;&nbsp;The following is a summary of the inputs used
to value each of the Fund's investments at January 31, 2021:</P>

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

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 53%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">&nbsp;Level 1&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">&nbsp;Level 2&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2">Common stocks &amp; MLP interests</TD>
    <TD STYLE="text-align: right">$3,193,444,729</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>Bonds</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-</TD>
    <TD STYLE="text-align: right">$502,434,139</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">$3,193,444,729</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">$502,434,139</TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>







<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">There were no Level 3 priced securities held and there were no transfers into or out of Level 3.</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt">Other information regarding the Fund is
available on the Fund's website at www.dpimc.com/dnp or the Securities and Exchange Commission's website at www.sec.gov.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"></P>







<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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