DNP Select Income Fund Inc. (DNP)

Competitors to DNP Select Income Fund Inc. (DNP)

BlackRock Enhanced Equity Dividend Trust 

BlackRock Enhanced Equity Dividend Trust (BDJ) competes in the same income-focused investment space as DNP Select Income Fund. Both funds offer distributions generated from various equity investments, but BDJ differentiates itself by using an enhanced equity strategy that aims for higher yield through active management techniques such as options trading. This potentially higher risk approach can attract an investor base looking for higher returns, while DNP appeals to those preferring a more traditional, stable income approach, giving BDJ a competitive edge for aggressive yield-seeking investors.

Cohen & Steers Infrastructure Fund Inc. 

Cohen & Steers Infrastructure Fund (UTF) competes directly with DNP Select Income Fund by targeting similar investors who prioritize income generation through infrastructure investments. Both funds aim to provide a consistent income stream through dividends; however, UTF has a stronger focus on real assets and infrastructure sectors, which can be attractive in an inflationary environment. This focus can give UTF a competitive advantage as investors may seek to hedge against inflation with real asset investments, while DNP’s utility-heavy portfolio might be less appealing during certain economic cycles.

Cornerstone Progressive Return Fund

Cornerstone Progressive Return Fund (CFP) competes with DNP Select Income Fund primarily in the closed-end fund market, focusing on providing predictable income to investors. Both funds invest in dividend-paying stocks and other income-producing assets, vying for the same investor audience interested in stable ncome. However, CFP often employs a more aggressive distribution strategy, which sometimes results in higher yields, potentially attracting risk-tolerant investors. DNP has a more conservative approach, emphasizing steady performance and capital preservation, particularly appealing during volatile market conditions.

Nuveen Diversified Dividend and Income Fund

Nuveen Diversified Dividend and Income Fund (JDD) competes with DNP Select Income Fund by offering exposure to a diversified portfolio of income-producing equities and fixed-income securities. The key differentiator for JDD lies in its broader asset allocation strategy, allowing it to tap into various sectors, potentially diversifying the source of income for investors. This flexibility may provide JDD with a competitive advantage in times of market volatility, attracting risk-averse investors who are looking for stability along with income as is the case with DNP.

Tortoise North American Infrastructure Fund 

Tortoise North American Infrastructure Fund (TPZ) competes closely with DNP Select Income Fund by focusing on the infrastructure sector, similar to DNP's utility investments. However, TPZ emphasizes a more concentrated portfolio in the North American infrastructure space, which can appeal to investors seeking specialized exposure. This focused approach may give TPZ a competitive edge for those specifically interested in infrastructure investments, while DNP caters to a broader audience seeking general utility-driven income, potentially benefitting from diversified utility investments.