DNP Select Income Fund Inc. Announces Dividend on Common Stock, Payable on May 10, 2023, June 12, 2023 and July 10, 2023 Respectively
March 15, 2023 at 05:01 pm EDT
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The Board of Directors of DNP Select Income Fund Inc. authorized the payment of dividends of 6.5 cents per share on its common stock as: Ex-dividend date of April 27, 2023, May 30, 2023 and June 29, 2023, respectively. Record date of April 28, 2023, May 31, 2023 and June 30, 2023, respectively. Payable date on May 10, 2023, June 12, 2023 and July 10, 2023 Respectively.
DNP Select Income Fund Inc. (Fund) is a closed-end diversified management investment company. The primary investment objectives of the Fund are current income and long-term growth of income. Capital appreciation is a secondary objective. The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. It invests more than 65% of its total assets in securities of public utility companies engaged in the production, transmission or distribution of electric energy, gas, or telephone services. It invests in master limited partnerships, which make distributions that are primarily attributable to return of capital. The Fundâs policy of concentrating its investments in the utilities industry has been developed to take advantage of the characteristics of securities of companies in that industry. The investment advisor of the Fund is Duff & Phelps Investment Management Co.