Company: DNP
Filing Date: 2025-06-20
Form Type: N-CSRS
Source: 0001193125-25-143433
Chunk: 12

Company: DNP SELECT INCOME FUND INC
Filing Date: 2025-06-20
Form: N-CSRS
Chunk 12
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     |  Estimated 
 Fair Value |
| B      |     | $ 200,000 |     | 3.00% |     | 7/22/26  |     |  $ 195,400 |

The Fund incurred costs in connection with the issuance of the Notes. These costs were recorded as a deferred charge and are being amortized over the life of the Notes. Amortization of these offering costs of $120 is included

20

DNP SELECT INCOME FUND INC. NOTES TO FINANCIAL STATEMENTS (Continued) April 30, 2025 (Unaudited)

under the caption “Interest expense and amortization of deferred offering costs on secured notes” on the Statement of Operations and the unamortized balance is deducted from the carrying amount of the Notes under the caption “Secured notes” on the Statement of Assets and Liabilities. Holders of the Notes are entitled to receive semi-annual interest payments until maturity. The Notes accrue interest at the annual fixed rate indicated above. The Notes are subject to optional and mandatory redemption in certain circumstances and subject to certain prepayment penalties and premiums. The estimated fair value of the Notes was calculated, for disclosure purposes, based on estimated market yields and credit spreads for comparable instruments or representative indices with similar maturity, terms and structure. The Notes are categorized as Level 2 within the fair value hierarchy. Note 7. Mandatory Redeemable Preferred Shares ($ reported in thousands except per share amounts) The Fund has issued and outstanding one series of Mandatory Redeemable Preferred Shares (“MRP Shares”) with a liquidation preference of $100,000 per share. At April 30, 2025, key terms of the Series E MRP Shares are as follows:

| Series |     |      Shares 
 Outstanding |     | Liquidation 
  Preference |     | Quarterly 
 Rate      
 Reset     |     | Rate  |     | Weighted     
 Daily        
 Average Rate |     | Mandatory  
 Redemption 
 Date       |     |  Estimated 
 Fair Value |
| E      |     |       1,320 |     |    $132,000 |     | Fixed     
 Rate      |     | 4.63% |     | 4.63%        |     | 4/1/2027   |     |   $129,769 |

The Fund incurred costs in connection with the issuance of the MRP Shares. These costs were recorded as a deferred charge and are being amortized over the