Company: DNP
Filing Date: 2025-06-20
Form Type: N-CSRS
Source: 0001193125-25-143433
Chunk: 16

Company: DNP SELECT INCOME FUND INC
Filing Date: 2025-06-20
Form: N-CSRS
Chunk 16
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 Broadridge (“Broadridge”), an independent provider of investment company data. As reported by Broadridge, the Fund’s net asset value (“NAV”) total return ranked above the median among all leveraged closed-end equity funds categorized by Broadridge as utility funds for the 3- and 5- year periods ended June 30, 2024 and below median for 1-year period ended June 30, 2024. The Adviser provided the Contracts Committee with performance information for the Fund for the 1-, 3-, and 5-year periods ended June 30, 2024, measured against two benchmarks: the Lipper Utility Peer Group Average and

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a composite of the S&P 500 Utilities Index and the Bloomberg
U.S. Utility Bond Index (the “S&P Composite”), calculated to reflect the relative weights of the Fund’s equity and bond portfolios. The Contracts Committee noted that on an NAV total return basis, the Fund outperformed the
Lipper Utility Peer Group Average (the “Peer Group Average”) for the 3- and 5-year periods ended June 30, 2024, while trailing the Peer Group Average for the 1-year period ended June 30, 2024.  On a market value basis, the
Fund’s total return underperformed the Peer Group Average for the 1- and 5-year periods ended June 30, 2024 and outperformed the Peer Group Average for the 3-year period ended June 30, 2024.  The Contracts Committee also noted that the
Fund’s NAV total return underperformed the S&P Composite for the 1-, 3- and 5-year periods ended June 30, 2024.  On a market value basis, the Fund underperformed the S&P Composite for the 1-, 3- and 5-year periods ended June 30,
2024.

The Contracts Committee also
considered that since current income is one of the Fund’s primary objectives, one measure of the Adviser’s performance is the fact that the Fund has been paying a regular 6.5 cent per share monthly distribution on its common stock since
July 1997, and that the Fund’s annualized distribution rate of 9.49% based on market value as of June 30, 2024 compares favorably with the 3.25% yield of the S& P Utilities Index (and the 1.33