DNP Select Income Fund Inc. (DNP)

Frequently Asked Questions About DNP Select Income Fund Inc. (DNP)

Are shares of DNP Select Income Fund Inc. priced at a premium or discount?

The shares of DNP Select Income Fund Inc. can trade at either a premium or discount to their net asset value (NAV). The market price may fluctuate due to supply and demand dynamics, investor sentiment, and broader market conditions. Investors often analyze this premium or discount to determine when to buy or sell shares.

Can DNP Select Income Fund Inc. be purchased in retirement accounts?

Yes, shares of DNP Select Income Fund Inc. can be purchased in retirement accounts such as IRAs and 401(k) plans. Investing in income-generating funds like DNP can help investors manage retirement income strategies effectively, but it's important to follow the specific rules and guidelines dictated by the retirement account type.

Does DNP Select Income Fund Inc. offer any tax advantages to investors?

DNP Select Income Fund Inc. may offer certain tax advantages to investors, particularly through its distribution structure. The fund’s dividends may include a portion classified as qualified dividend income or capital gains, which can be taxed at more favorable rates. However, it is advisable for investors to consult with a tax professional to understand the specific tax implications of investing in the fund.

How can investors purchase shares of DNP Select Income Fund Inc.?

Investors can purchase shares of DNP Select Income Fund Inc. through a brokerage account, just like they would for any publicly traded stock. The fund's shares are listed on the New York Stock Exchange under the ticker symbol 'DNP,' allowing easy access for investors looking to buy or sell shares.

How does DNP Select Income Fund Inc. handle shareholder communications?

DNP Select Income Fund Inc. places a high priority on effective shareholder communications. This includes regular updates through quarterly and annual reports, investor presentations, and a dedicated section on its website providing access to important financial documents, fund performance updates, and other relevant information.

How often does DNP Select Income Fund Inc. pay dividends?

DNP Select Income Fund Inc. typically pays dividends on a monthly basis. The fund's aim is to provide shareholders with a regular income stream from its investments, which it achieves through the dividends received from the underlying securities it holds in its portfolio.

Is DNP Select Income Fund Inc. actively managed?

Yes, DNP Select Income Fund Inc. is actively managed. The fund's management team continuously evaluates market conditions and reviews its portfolio to make strategic investment decisions that align with the fund's objective of maximizing income and total return for shareholders.

What are the risks associated with investing in DNP Select Income Fund Inc.?

Investing in DNP Select Income Fund Inc. entails several risks, including market risk, interest rate risk, and sector-specific risks that relate to the utility and infrastructure industries. Adverse market conditions or regulatory changes could impact the performance of the companies in which the fund invests, consequently affecting the fund’s value and dividends.

What does DNP Select Income Fund Inc. do?

DNP Select Income Fund Inc. is a closed-end management investment company that primarily focuses on providing a high level of income and capital appreciation through investments in a diversified portfolio of utility and infrastructure-related companies. The fund aims to deliver attractive monthly distributions to its shareholders, primarily by investing in dividend-paying equity securities.

What is the current dividend yield of DNP Select Income Fund Inc.?

The current dividend yield of DNP Select Income Fund Inc. can fluctuate based on market conditions and the fund's share price. As of the latest reports, the fund's yield typically ranges around 6-7%, making it an attractive option for investors seeking income through dividends. It is recommended to check the latest financial statements or market data for the most accurate yield.

What is the expense ratio of DNP Select Income Fund Inc.?

The expense ratio of DNP Select Income Fund Inc. reflects the costs associated with managing the fund, including management fees, administrative expenses, and other operational costs. As of the latest figures, the expense ratio is typically around 1-2%, which is considered relatively competitive for a closed-end fund focused on income generation.

What is the historical performance of DNP Select Income Fund Inc.?

DNP Select Income Fund Inc. has a strong historical performance record, particularly in terms of delivering consistent monthly dividends. While past performance is not indicative of future results, the fund has historically outperformed broader market averages during various market cycles due to its focus on stable utility and infrastructure companies.

What is the investment strategy of DNP Select Income Fund Inc.?

The investment strategy of DNP Select Income Fund Inc. involves primarily investing in common stocks, with a significant focus on utility and infrastructure companies. This strategy is designed to capture capital appreciation and generate income from dividends, with an emphasis on financially stable companies that provide reliable dividends.

What is the primary focus of DNP Select Income Fund Inc.'s investments?

The primary focus of DNP Select Income Fund Inc.'s investments is on utility and infrastructure sectors. These sectors typically consist of companies that provide essential services, such as electricity, water, and telecommunications, which can lead to stable revenue streams and regular dividend payouts.

What role do dividends play in the overall performance of DNP Select Income Fund Inc.?

Dividends are a key component of the overall performance of DNP Select Income Fund Inc. They provide a consistent income source for investors, which is particularly important in a closed-end fund structure. The fund aims to deliver both capital appreciation and cash flow through dividend payments, enhancing the total return for shareholders.

When was DNP Select Income Fund Inc. established?

DNP Select Income Fund Inc. was established in 1987. Since its inception, the fund has aimed to deliver consistent income and investment growth to its shareholders, focusing on the performance of utility and infrastructure sectors, which are often less volatile.

Where is DNP Select Income Fund Inc. based?

DNP Select Income Fund Inc. is based in the United States. While it invests primarily in domestic utility and infrastructure-related companies, the fund may also have exposure to certain international investments in line with its overall investment strategy.

Who is the investment advisor for DNP Select Income Fund Inc.?

The investment advisor for DNP Select Income Fund Inc. is Duff & Phelps Investment Management Co. This firm brings considerable expertise in managing closed-end funds and focuses on identifying investment opportunities within the utility and infrastructure sectors to enhance the fund's overall performance.

What is the current price of DNP Select Income Fund Inc.?

The current price of DNP Select Income Fund Inc. is 9.630

When was DNP Select Income Fund Inc. last traded?

The last trade of DNP Select Income Fund Inc. was at 7:00 pm EDT on May 9th, 2025