DNP Select Income Fund Inc. Announces Estimate Distribution for the Month of December 2023, Payable January 10, 2024
January 10, 2024 at 03:31 am IST
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DNP Select Income Fund Inc. announced the estimated distribution of $0.065 per share on common stock for the month of December 2023, payable January 10, 2024 to shareholders of record December 29, 2023.
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.