EX-99.C 4 d242201dex99c.htm COPIES OF THE REGISTRANT'S NOTICES TO SHAREHOLDERS PURSUANT TO RULE 19A-1

Exhibit 99(c)

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period |  | May 2021 |  |

Distribution Amount Per Share of Common Stock |  | $0.065 |  |

The following table sets forth the estimated amounts of the current distribution, payable June 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates |  | May 2021 |  |  | Fiscal YTD |
Sources |  | Per Share Amount |  |  | % of Current Distribution |  |  | Per Share Amount |  |  | % of Cumulative Distributions |
Net Investment Income |  |  | $0.020 |  |  |  | 30% |  |  |  | $0.145 |  |  |  | 32% |
Net Realized Short-Term Capital Gains |  |  | - |  |  |  | - |  |  |  | 0.005 |  |  |  | 1% |
Net Realized Long-Term Capital Gains |  |  | 0.009 |  |  |  | 14% |  |  |  | 0.250 |  |  |  | 55% |
Return of Capital (or Other Capital Source) |  |  | 0.036 |  |  |  | 56% |  |  |  | 0.055 |  |  |  | 12% |
Total (per common share) |  |  | $0.065 |  |  |  | 100% |  |  |  | $0.455 |  |  |  | 100% |
April 30, 2021 |  |  |  |  |
Average annual total return* on NAV for the 5 years |  |  |  | 10.12% |
Annualized current distribution rate as a percentage of NAV |  |  |  | 8.00% |
Cumulative total return on NAV for the fiscal YTD |  |  |  | 17.79% |
Cumulative fiscal YTD distributions as a percentage of NAV |  |  |  | 4.00% |

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

* Simple arithmetic average of each of the past five annual returns.

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period |  | June 2021 |  |

Distribution Amount Per Share of Common Stock |  | $0.065 |  |

The following table sets forth the estimated amounts of the current distribution, payable July 12, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates |  | June 2021 |  |  | Fiscal YTD |
Sources |  | Per Share Amount |  |  | % of Current Distribution |  |  | Per Share Amount |  |  | % of Cumulative Distributions |
Net Investment Income |  |  | $0.025 |  |  |  | 39% |  |  |  | $0.177 |  |  |  | 34% |
Net Realized Short-Term Capital Gains |  |  | - |  |  |  | - |  |  |  | 0.005 |  |  |  | 1% |
Net Realized Long-Term Capital Gains |  |  | 0.040 |  |  |  | 61% |  |  |  | 0.338 |  |  |  | 65% |
Return of Capital (or Other Capital Source) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total (per common share) |  |  | $0.065 |  |  |  | 100% |  |  |  | $0.520 |  |  |  | 100% |
May 31, 2021 |  |  |  |  |
Average annual total return* on NAV for the 5 years |  |  |  | 9.48% |
Annualized current distribution rate as a percentage of NAV |  |  |  | 8.04% |
Cumulative total return on NAV for the fiscal YTD |  |  |  | 17.88% |
Cumulative fiscal YTD distributions as a percentage of NAV |  |  |  | 4.69% |

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

* Simple arithmetic average of each of the past five annual returns.

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period |  | July 2021 |  |

Distribution Amount Per Share of Common Stock |  | $0.065 |  |

The following table sets forth the estimated amounts of the current distribution, payable August 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates |  | July 2021 |  |  | Fiscal YTD |
Sources |  | Per Share Amount |  |  | % of Current Distribution |  |  | Per Share Amount |  |  | % of Cumulative Distributions |
Net Investment Income |  |  | $0.025 |  |  |  | 38% |  |  |  | $0.199 |  |  |  | 34% |
Net Realized Short-Term Capital Gains |  |  | - |  |  |  | - |  |  |  | 0.006 |  |  |  | 1% |
Net Realized Long-Term Capital Gains |  |  | 0.012 |  |  |  | 18% |  |  |  | 0.380 |  |  |  | 65% |
Return of Capital (or Other Capital Source) |  |  | 0.028 |  |  |  | 44% |  |  |  | - |  |  |  | - |
Total (per common share) |  |  | $0.065 |  |  |  | 100% |  |  |  | $0.585 |  |  |  | 100% |
June 30, 2021 |  |  |  |  |
Average annual total return* on NAV for the 5 years |  |  |  | 7.61% |
Annualized current distribution rate as a percentage of NAV |  |  |  | 8.20% |
Cumulative total return on NAV for the fiscal YTD |  |  |  | 16.45% |
Cumulative fiscal YTD distributions as a percentage of NAV |  |  |  | 5.46% |

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

* Simple arithmetic average of each of the past five annual returns.

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period |  | August 2021 |  |

Distribution Amount Per Share of Common Stock |  | $0.065 |  |

The following table sets forth the estimated amounts of the current distribution, payable September 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates |  | August 2021 |  |  | Fiscal YTD |
Sources |  | Per Share Amount |  |  | % of Current Distribution |  |  | Per Share Amount |  |  | % of Cumulative Distributions |
Net Investment Income |  |  | $0.016 |  |  |  | 25% |  |  |  | $0.215 |  |  |  | 33% |
Net Realized Short-Term Capital Gains |  |  | - |  |  |  | - |  |  |  | 0.006 |  |  |  | 1% |
Net Realized Long-Term Capital Gains |  |  | 0.029 |  |  |  | 44% |  |  |  | 0.416 |  |  |  | 64% |
Return of Capital (or Other Capital Source) |  |  | 0.020 |  |  |  | 31% |  |  |  | 0.013 |  |  |  | 2% |
Total (per common share) |  |  | $0.065 |  |  |  | 100% |  |  |  | $0.650 |  |  |  | 100% |
July 31, 2021 |  |  |  |  |
Average annual total return* on NAV for the 5 years |  |  |  | 7.88% |
Annualized current distribution rate as a percentage of NAV |  |  |  | 8.08% |
Cumulative total return on NAV for the fiscal YTD |  |  |  | 18.95% |
Cumulative fiscal YTD distributions as a percentage of NAV |  |  |  | 6.06% |

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

* Simple arithmetic average of each of the past five annual returns.

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period |  | September 2021 |  |

Distribution Amount Per Share of Common Stock |  | $0.065 |  |

The following table sets forth the estimated amounts of the current distribution, payable October 12, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates |  | September 2021 |  |  | Fiscal YTD |
Sources |  | Per Share Amount |  |  | % of Current Distribution |  |  | Per Share Amount |  |  | % of Cumulative Distributions |
Net Investment Income |  |  | $0.023 |  |  |  | 35% |  |  |  | $0.243 |  |  |  | 34% |
Net Realized Short-Term Capital Gains |  |  | 0.001 |  |  |  | 1% |  |  |  | 0.007 |  |  |  | 1% |
Net Realized Long-Term Capital Gains |  |  | 0.012 |  |  |  | 18% |  |  |  | 0.422 |  |  |  | 59% |
Return of Capital (or Other Capital Source) |  |  | 0.029 |  |  |  | 46% |  |  |  | 0.043 |  |  |  | 6% |
Total (per common share) |  |  | $0.065 |  |  |  | 100% |  |  |  | $0.715 |  |  |  | 100% |
August 31, 2021 |  |  |  |  |
Average annual total return* on NAV for the 5 years |  |  |  | 9.90% |
Annualized current distribution rate as a percentage of NAV |  |  |  | 7.99% |
Cumulative total return on NAV for the fiscal YTD |  |  |  | 21.11% |
Cumulative fiscal YTD distributions as a percentage of NAV |  |  |  | 6.66% |

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

* Simple arithmetic average of each of the past five annual returns.

DNP SELECT INCOME FUND INC.

Section 19(a) Notice

Notification of Sources of Distribution

Distribution Period |  | October 2021 |  |

Distribution Amount Per Share of Common Stock |  | $0.065 |  |

The following table sets forth the estimated amounts of the current distribution, payable November 10, 2021, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31, 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.

Distribution Estimates |  | October 2021 |  |  | Fiscal YTD |
Sources |  | Per Share Amount |  |  | % of Current Distribution |  |  | Per Share Amount |  |  | % of Cumulative Distributions |
Net Investment Income |  |  | $0.010 |  |  |  | 16% |  |  |  | $0.250 |  |  |  | 32% |
Net Realized Short-Term Capital Gains |  |  | - |  |  |  | - |  |  |  | 0.008 |  |  |  | 1% |
Net Realized Long-Term Capital Gains |  |  | 0.001 |  |  |  | 2% |  |  |  | 0.421 |  |  |  | 54% |
Return of Capital (or Other Capital Source) |  |  | 0.054 |  |  |  | 82% |  |  |  | 0.101 |  |  |  | 13% |
Total (per common share) |  |  | $0.065 |  |  |  | 100% |  |  |  | $0.780 |  |  |  | 100% |
September 30, 2021 |  |  |  |  |
Average annual total return* on NAV for the 5 years |  |  |  | 8.32% |
Annualized current distribution rate as a percentage of NAV |  |  |  | 8.56% |
Cumulative total return on NAV for the fiscal YTD |  |  |  | 13.79% |
Cumulative fiscal YTD distributions as a percentage of NAV |  |  |  | 7.85% |

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s managed distribution plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.”

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

* Simple arithmetic average of each of the past five annual returns.