DNP Select Income Fund Inc. Authorizes Payment of Dividends on Common Stock, Payable on May 10, 2018, June 11, 2018, and July 10, 2018
March 13, 2018 at 05:00 pm EDT
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The Board of Directors of DNP Select Income Fund Inc. authorized the payment of dividends on its common stock of 6.5 cents per share with record date of April 30, 2018, May 31, 2018 and June 29, 2018, and payable on May 10, 2018, June 11, 2018, and July 10, 2018 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. The Fund 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.