<SEC-DOCUMENT>0001752724-22-001407.txt : 20220112
<SEC-HEADER>0001752724-22-001407.hdr.sgml : 20220112
<ACCEPTANCE-DATETIME>20220112113425
ACCESSION NUMBER:		0001752724-22-001407
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20211031
FILED AS OF DATE:		20220112
DATE AS OF CHANGE:		20220112
EFFECTIVENESS DATE:		20220112

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:		N-CEN
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04915
		FILM NUMBER:		22525923

	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>N-CEN
<SEQUENCE>1
<FILENAME>primary_doc.xml
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</DOCUMENT>
<DOCUMENT>
<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
<FILENAME>dnp.g1aiii.htm
<TEXT>
<html>
<body>

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<DOCUMENT>
<TYPE>MATERIAL AMENDMENTS
<SEQUENCE>3
<FILENAME>dnp.g1bi.htm
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<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="SelTemp"></a>ARTICLES OF MERGER&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">by and between&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'Times New Roman Bold';font-size:10pt; font-family:'Times New Roman Bold';text-transform:uppercase;font-size:12pt;font-weight:normal;font-style:normal;font-variant: normal;">DNP Select Income Fund Inc.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a Maryland corporation)&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">and&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'Times New Roman Bold';font-size:10pt; font-family:'Times New Roman Bold';text-transform:uppercase;font-size:12pt;font-weight:normal;font-style:normal;font-variant: normal;">Duff &amp; Phelps Utility and Corporate Bond Trust Inc. &#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a Maryland corporation)&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">DNP Select Income Fund Inc., a corporation duly organized and existing under the laws of the State of Maryland (&#8220;<font style="text-decoration:underline;font-family:'Times New Roman';">DNP</font><font style="font-family:'Times New Roman';">&#8221;), and Duff</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&amp;</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Phelps</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Utility</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Corporate</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Bond</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Inc., a corporation duly organized and existing under the laws of the State of Maryland (&#8220;</font><font style="text-decoration:underline;font-family:'Times New Roman';">DUC</font><font style="font-family:'Times New Roman';">&#8221;), do hereby certify that:</font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FIRST:&#160;&#160;DNP and DUC agree to merge.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SECOND:&#160;&#160;The name and place of incorporation of each party to these Articles of Merger are DNP Select Income Fund Inc., a Maryland corporation, and Duff<font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">&amp;</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Phelps</font><font style="letter-spacing:-0.4pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Utility</font><font style="letter-spacing:-0.55pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">and</font><font style="letter-spacing:-0.5pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Corporate</font><font style="letter-spacing:-0.35pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Bond</font><font style="letter-spacing:-0.45pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Trust</font><font style="letter-spacing:-0.3pt;font-family:'Times New Roman';"> </font><font style="font-family:'Times New Roman';">Inc., a Maryland corporation.&#160;&#160;DNP shall survive the merger as the successor corporation and shall continue under the name &#8220;DNP Select Income Fund Inc.&#8221; as a corporation incorporated under the laws of the State of Maryland.</font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THIRD:&#160;&#160;DNP has its principal office in the State of Maryland in Baltimore City.&#160;&#160;DUC has its principal office in the State of Maryland in Baltimore City and does not own an interest in land in the State of Maryland.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FOURTH:&#160;&#160;The terms and conditions of the transaction set forth in these Articles of Merger were advised, authorized, and approved by each corporation party to these Articles of Merger in the manner and by the vote required by its charter and the laws of the State of Maryland.&#160;&#160;The manner of approval was as follows:&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)&#160;&#160;The Board of Directors of DNP, at a meeting held on November 23, 2020, unanimously adopted resolutions which declared that the proposed merger was advisable on substantially the terms and conditions set forth or referred to in the resolutions.&#160;&#160;The merger does not require a vote of the stockholders of DNP because it will not reclassify or change the terms of any class or series of DNP&#8217;s stock that is outstanding immediately before the merger becomes effective or otherwise amend DNP&#8217;s charter and the number of shares of each class or series of DNP&#8217;s stock that is outstanding immediately after the effective time of the merger will not increase by more than 20 percent of the number of shares of such class or series of DNP&#8217;s stock that is outstanding immediately before the merger becomes effective.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)&#160;&#160;The Board of Directors of DUC at a meeting held on November 23, 2020, unanimously adopted resolutions which declared that the proposed merger was advisable on substantially the terms and conditions set forth or referred to in the resolutions and directed that the proposed merger be submitted for consideration at a special meeting of stockholders of DUC.&#160;&#160;Notice, which stated that a purpose of the special meeting was to act on the proposed merger, was given by DUC as required by law.&#160;&#160;The proposed merger was approved at a special meeting of stockholders held on February 22, 2021 by the affirmative vote of a majority of all of the votes entitled to be cast on the matter, voting together.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">FIFTH:&#160;&#160;No amendment to the charter of DNP is to be effected as a part of the merger.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SIXTH:&#160;&#160;The total number of shares of capital stock of all classes which DNP or DUC, respectively, has authority to issue, the number of shares of each class which DNP or DUC, respectively, has authority to issue, and the par value of the shares of each class which DNP or DUC, respectively, has authority to issue are as follows:&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)&#160;&#160;The total number of shares of all classes of stock which DNP has authority to issue is 450,000,000 shares, divided into two classes, 350,000,000 shares of common stock, $.001 par value per share (&#8220;<font style="text-decoration:underline;font-family:'Times New Roman';">DNP Common Stock</font><font style="font-family:'Times New Roman';">&#8221;), with an aggregate par value of $350,000, and 100,000,000 shares of preferred stock, $.001 par value per share, with an aggregate par value of $100,000.</font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)&#160;&#160;The total number of shares of stock of all classes which DUC has authority to issue is 600,000,000 shares, divided into two classes, 599,992,400 shares of common stock, $.01 par value per share (&#8220;<font style="text-decoration:underline;font-family:'Times New Roman';">DUC Common Stock</font><font style="font-family:'Times New Roman';">&#8221;), with an aggregate par value of $5,999,924, and 7,600 shares of preferred stock, $.01 par value per share (&#8220;</font><font style="text-decoration:underline;font-family:'Times New Roman';">DUC Preferred Stock</font><font style="font-family:'Times New Roman';">&#8221;), with an aggregate par value of $76.</font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SEVENTH:&#160;&#160;The charter of DNP is not amended pursuant to the merger to reclassify or change the terms of any class or series of authorized or outstanding capital stock of DNP.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">EIGHTH:&#160;&#160;The manner and basis of converting or exchanging issued stock of DUC into stock of DNP or other consideration, and the treatment of any issued stock of DUC not to be converted or exchanged are as follows:&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a)&#160;&#160;Each issued and outstanding share of capital stock of DNP at the effective time of the merger shall continue, without change as to class, series or otherwise, to be an issued and outstanding share of capital stock of DNP.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(b)&#160;&#160;(i)<font style='padding-left:4em'></font>Each issued and outstanding share of DUC Common Stock at the effective time of the merger shall be converted into, and become, the number of shares of DNP Common Stock equal to the ratio of the net asset value per share of DUC Common Stock to the net asset value per share of DNP Common Stock calculated at the close of business of the customary New York Stock Exchange trading session (normally 4:00 p.m. Eastern Time), or any earlier closing time that day, on the business day immediately preceding the closing date of the merger, or such earlier or later day and time as may be mutually agreed upon in writing by DNP and DUC (the &#8220;<font style="text-decoration:underline;font-family:'Times New Roman';">Common Stock Consideration</font><font style="font-family:'Times New Roman';">&#8221;), </font><font style="text-decoration:underline;font-family:'Times New Roman';">provided</font><font style="font-family:'Times New Roman';"> that no fractional shares of DNP Common Stock will be issued to holders of DUC Common Stock unless such shares are held in a dividend reinvestment plan account.  In lieu of issuance of fractional shares of DNP Common Stock, DNP&#8217;s transfer agent will aggregate all fractional shares of DNP Common Stock to be issued in connection with the merger (other than those issued to a dividend reinvestment plan account) and sell the resulting full shares on the New York Stock Exchange at the current market price for shares of DNP Common Stock for the account of all holders of such fractional interests, and each such holder will receive such holder&#8217;s pro rata share of the cash proceeds of such sale upon surrender of such holder&#8217;s certificates representing DNP Common Stock (the &#8220;</font><font style="text-decoration:underline;font-family:'Times New Roman';">Common Cash Consideration</font><font style="font-family:'Times New Roman';">&#8221; and, together with the Common Stock Consideration, the &#8220;</font><font style="text-decoration:underline;font-family:'Times New Roman';">Common Merger Consideration</font><font style="font-family:'Times New Roman';">&#8221;).</font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(ii) There are no issued and outstanding shares of DUC Preferred Stock.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="mark"></a><a name="CurrSpot"></a>(c) As soon as practicable following the effective date of the merger, each holder of issued and outstanding shares of DUC Common Stock shall be entitled to surrender to DNP the certificates or book-entry shares representing the shares of DUC<a name="mark"></a><a name="CurrSpot"></a> Common Stock held by such holder immediately prior to the effective time of the merger, and, upon such surrender, shall be entitled to receive the Common Merger Consideration, without interest.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">NINTH:&#160;&#160;The merger shall become effective at 9:00 a.m., Eastern Standard Time, on March 8, 2021.&#160;</p><p style="page-break-before:always;"></p>
<p style="page-break-before:always;"></p><p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">IN WITNESS WHEREOF, each of DNP and DUC has caused these presents to be signed in its name and on its behalf by its Senior Vice President and witnessed by its Secretary or Assistant Secretary on March 3, 2021.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WITNESS/ATTEST:<font style='padding-left:4em'></font>&#160;&#160;&#160;&#160;&#160;&#160;DUFF &amp; PHELPS UTILITY AND CORPORATE<br>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; BOND TRUST INC.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a Maryland corporation)&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By: <font style="text-decoration:underline;font-family:'Times New Roman';"> /s/ William J. Renahan<font style='padding-left:4em'></font><font style='padding-left:4em'></font></font><font style="font-family:'Times New Roman';">By: </font><font style="text-decoration:underline;font-family:'Times New Roman';"> /s/ Daniel J. Petrisko<font style='padding-left:4em'></font></font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;&#160; William J. Renahan<font style='padding-left:4em'></font><font style='padding-left:4em'></font>Daniel J. Petrisko&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Secretary&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style='padding-left:4em'></font>Senior Vice President&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">WITNESS/ATTEST:<font style='padding-left:4em'></font>DNP SELECT INCOME FUND INC.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(a Maryland corporation)&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">By: <font style="text-decoration:underline;font-family:'Times New Roman';"> /s/ William J. Renahan<font style='padding-left:4em'></font><font style='padding-left:4em'></font></font><font style="font-family:'Times New Roman';">By: </font><font style="text-decoration:underline;font-family:'Times New Roman';"> /s/ Daniel J. Petrisko<font style='padding-left:4em'></font></font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160; &#160;&#160;William J. Renahan<font style='padding-left:4em'></font><font style='padding-left:4em'></font>Daniel J. Petrisko&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160;&#160;&#160;   Assistant Secretary&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style='padding-left:4em'></font>Senior Vice President&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&#160;&#160;</p>
<p style="page-break-before:always;"></p><p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THE UNDERSIGNED, Senior Vice President of Duff &amp; Phelps Utility and Corporate Bond Trust Inc., who executed on behalf of said corporation the foregoing Articles of Merger of which this certificate is made a part, hereby acknowledges in the name and on behalf of said corporation the foregoing Articles of Merger to be the corporate act of said corporation and hereby certifies that to the best of his knowledge, information and belief the matters and facts set forth therein with respect to the authorization and approval thereof are true in all material respects under the penalties of perjury.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;"> /s/ Daniel J. Petrisko<font style='padding-left:4em'></font></font>&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;&#160; Daniel J. Petrisko, Senior Vice President&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">THE UNDERSIGNED, Senior Vice President of DNP Select Income Fund Inc., who executed on behalf of said corporation the foregoing Articles of Merger of which this certificate is made a part, hereby acknowledges in the name and on behalf of said corporation the foregoing Articles of Merger to be the corporate act of said corporation and hereby certifies that to the best of his knowledge, information and belief the matters and facts set forth therein with respect to the authorization and approval thereof are true in all material respects under the penalties of perjury.&#160;</p>
<p style="justifymargin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:'';font-size:10pt; font-size:12pt;font-family:'Times New Roman';font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">/s/ Daniel J. Petrisko<font style='padding-left:4em'></font></font><font style="font-family:'Times New Roman';"><br>Daniel J. Petrisko, Senior Vice President</font>&#160;</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&#160;&#160;</p>
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