Cutwater Select Income Fund declared quarterly dividend of $0.265 on June 28, 2012, payable on August 24, 2012, to shareholders of record on July 26, 2012, with a net asset value and New York Stock Exchange ex-dividend date of July 24, 2012 and a comparison date of August 17, 2012. The dividend of $0.265 per share would equate to an annual dividend payment for the last four quarters of $1.1275 per share.