DNP Select Income Fund Inc. Authorizes Payment of Dividends on Its Common Stock, Payable on November 10, 2020, December 10, 2020 and January 11, 2021 Respectively
September 16, 2020 at 05:01 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 ex-dividend dates of October 29, 2020, November 27, 2020 and December 30, 2020, record dates of October 30, 2020, November 30, 2020 and December 31, 2020 and payable date of November 10, 2020, December 10, 2020 and January 11, 2021 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.
DNP Select Income Fund Inc. Authorizes Payment of Dividends on Its Common Stock, Payable on November 10, 2020, December 10, 2020 and January 11, 2021 Respectively