Company: DNP
Filing Date: 2025-01-24
Form Type: DEF 14A
Source: 0001193125-25-011831
Chunk: 5

Company: DNP SELECT INCOME FUND INC
Filing Date: 2025-01-24
Form: DEF 14A
Chunk 5
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, 2025 (Mr. McLoughlin and Mr. Vitale are retiring pursuant to the Funds’ director retirement policy). Mr. McLoughlin has been a director of DNP since 2009, of DPG since 2011 and of DTF since 1996.
Ms. McNamara has been a director of DNP since 2009, of DPG since 2011 and of DTF since 2003. Mr. Vitale has been a director of DNP since 2000, of DPG since 2011 and of DTF since 2005. The Funds express deep appreciation to
Mr. McLoughlin, Ms. McNamara and Mr. Vitale for their many years of dedicated service and wish them well in their retirement. Mr. Vitale currently serves as Chair of the Board of the Funds; upon his retirement, Ms. Moran
(who currently serves as Vice Chair) will assume the role of Chair of the Board of the Funds.

When Mr. McLoughlin, Ms. McNamara
and Mr. Vitale retire from the Board at the annual meeting of shareholders, the size of the Board will be reduced from seven to five, assuming the proposal to elect Mr. Kahrer is approved by shareholders. In the future, the Board may
decide to increase the size of the Board if doing so would improve the overall diversity of backgrounds, experiences and/or skills of the Board members.

Ms. McNamara has served as one of two directors elected by the holders of the preferred stock of DNP and DPG. Because the holders of the
preferred stock of DNP and DPG are entitled to elect two directors at all times, the Board has nominated Mr. Kahrer, a nominee director, for election at this year’s annual meeting by the holders of preferred stock of each of DNP and DPG,
voting as a separate class.

Election of DNP Director (Proposal 1a. and 1b.)

At the meeting, holders of DNP common stock are entitled to elect one director for a term ending in 2028 and the holders of DNP preferred stock
are entitled to elect one director for a term ending in 2028. If elected, Mr. Aylward and Mr. Kahrer will serve until the annual meeting of shareholders in 2028 and until their respective successors are elected and qualified. A plurality
of votes cast at the meeting by the holders of DNP common