Company: DNP
Filing Date: 2025-06-20
Form Type: N-CSRS
Source: 0001193125-25-143433
Chunk: 6

Company: DNP SELECT INCOME FUND INC
Filing Date: 2025-06-20
Form: N-CSRS
Chunk 6
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| (3) | Represents                                                                                                                                                                                                                                              
 value of net assets applicable to common stock plus the borrowings and preferred stock outstanding at period end divided by the borrowings outstanding at period end, calculated per $1,000 principal amount of borrowing. The secured borrowings and   
 secured  notes have equal claims to the assets of the Fund. The rights of debt holders are senior to the rights of the holders of the Fund’s common  and preferred stock. The asset coverage disclosed represents the asset coverage for                
 the total debt of the Fund including both the secured borrowings and secured notes.                                                                                                                                                                     |

The accompanying notes are an integral part of these financial statements. 15

DNP SELECT INCOME FUND INC. FINANCIAL HIGHLIGHTS (Continued)

| (4) | Represents                                                                                                                                                                                                                                        
 value of net assets applicable to common stock plus the borrowings and preferred stock outstanding at year end divided by the borrowings and preferred stock outstanding at year end, calculated per $100,000 liquidation preference per share of 
 preferred stock.                                                                                                                                                                                                                                  |
| (5) | Represents                                                                                                                                                                                                                                        
 value of net assets applicable to common stock plus the borrowings and preferred stock outstanding at year end divided by the borrowings and preferred stock outstanding at year end.                                                             |

The accompanying notes are an integral part of these financial statements. 16

#### DNP SELECT INCOME FUND INC.

### NOTES TO FINANCIAL STATEMENTSApril 30, 2025
<div align='center'>**(Unaudited)**</div>

#### Note 1. Organization
DNP Select Income Fund Inc. (“DNP” or
the “Fund”) was incorporated under the laws of the State of Maryland on November 26, 1986. The Fund commenced operations on January 21, 1987, as a closed-end diversified management investment company registered under the Investment
Company Act of 1940 (the “1940 Act”). The primary investment objectives of the Fund are current income and long-term growth of income. Capital appreciation is a secondary objective.

#### Note 2. Significant Accounting
Policies

The Fund is an investment company
that follows the accounting and reporting guidance of Accounting Standards Codification (“ASC”) Topic 946 applicable to Investment Companies.

The following are the significant accounting
policies of the Fund:

A.      Investment
Valuation: Equity securities traded on a national or foreign securities exchange or traded over-the counter and quoted on the NASDAQ Stock Market are valued at