CHICAGO, April 09, 2025--(BUSINESS WIRE)--The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co. (the "Adviser"), previously announced the following monthly distribution on December 12, 2024:

Per Share Amount Ex-Date Record Date Payable Date $0.065 March 31, 2025 March 31, 2025 April 10, 2025

The Fund adopted a managed distribution plan (the "Plan") in 2007. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund’s primary objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains or return of capital or both to its shareholders in order to maintain the 6.5 cent per share distribution level.

The following table sets forth the estimated amounts of the Fund’s March 2025 distribution to shareholders of record at the close of business on March 31, 2025 (ex-date March 31, 2025), payable April 10, 2025, together with the cumulative distributions paid from the first day of the fiscal year to this month end from the following sources. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.

Distribution Estimates March 2025 (MTD) Fiscal Year-to-Date

(YTD)(1) (Sources) Per Share

Amount Percentage

of Current

Distribution Per Share

Amount Percentage

of Current

Distribution Net Investment Income $ 0.019 28.9% $ 0.096 29.4% Net Realized Short-Term Capital Gains  0.003 6.0%  0.005 1.7% Net Realized Long-Term Capital Gains  0.025 37.8%  0.218 67.2% Return of Capital (or other Capital Source)  0.018 27.3%  0.006 1.7% Total Distribution per common share $ 0.065 100.0% $ 0.325 100.0% (1) Fiscal year started November 1, 2024

As of February 28, 2025  Average annual total return on NAV for the 5 years* 9.09% Annualized current distribution rate as a percentage of NAV 8.45% Cumulative total return on NAV for the fiscal year 6.41% Cumulative fiscal year distributions as a percentage of NAV 2.82% * Simple arithmetic average of each of the past five annual returns.

The Fund will issue a separate 19(a) notice at the time of each distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Plan.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’.

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The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

About the Fund

DNP Select Income Fund Inc. is a closed-end diversified investment management company whose primary investment objectives are current income and long-term growth of income. The fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. For more information, please visit dpimc.com/dnp or call (800) 864-0629.

About the Investment Adviser

Duff & Phelps Investment Management Co. is a boutique investment manager that specializes in listed real asset strategies for institutional and individual clients. An affiliated manager of Virtus Investment Partners, Inc. (NYSE: VRTS), the firm began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy. For more information visit dpimc.com.

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Contacts

DNP Select Income Fund
(800) 864-0629

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