DNP SELECT INCOME FUND INC. Article 19 (a) Notices |

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CHICAGO, December 9, 2021 / PRNewswire / –

Notification of distribution sources

Broadcast period

November 2021

Distribution amount per ordinary share

$ 0.065

The following table presents the estimated amounts of the current distribution, payable December 10, 2021, as well as cumulative distributions since the beginning of the year (YTD) from the following sources. The fiscal year is November 1, 2021 at October 31, 2022. All amounts are expressed per common share based on accounting principles generally accepted in the United States, which may differ from federal tax regulations.

Distribution estimates

November 2021

Fiscal year

Sources

Amount per share

% of current

Distribution

Amount per share

% of cumulative

Distribution

Net investment income

$ 0.025

38%

$ 0.025

38%

Short-term net realized capital gains

Long-term net realized capital gains

0.002

3%

0.002

3%

Repayment of capital (or other source of capital)

0.038

59%

0.038

59%

Total (per common share)

$ 0.065

100%

$ 0.065

100%

October 31, 2021

Average annual total return * on NAV for 5 years

9.45%

Current annualized payout rate as a percentage of net asset value

8.26%

Total cumulative return on NAV for the year YTD

18.76%

Cumulative tax distributions over the year as a percentage of net asset value

8.26%

The Fund will issue a separate 19 (a) notice at the time of each monthly distribution using the most recent financial information available. You should not draw any conclusions about the performance of the Fund’s investments from the amount of this distribution or the terms of the Fund’s managed distribution plan.

The Fund considers that it has distributed more than its income and capital gains; therefore, part of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money you have invested in the Fund is returned to you. A return of capital distribution does not necessarily reflect the performance of the Fund’s investments and should not be confused with “return” or “income”.

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

* Simple arithmetic mean of each of the last five annual returns.

DNP Select Income Fund Inc. (NYSE: DNP) is a diversified, closed-end investment management firm. The primary investment objectives of the Fund are current income and long-term income growth. The Fund seeks to achieve these objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the utility industry. For more information, visit the Fund’s website at www.dpimc.com/dnp or call the Fund at (800) 864-0629.

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SOURCE DNP Select Income Fund Inc.

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