CHICAGO, June 26, 2018 /PRNewswire/ -- The Board of
Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end
fund advised by Duff & Phelps Investment Management Co.,
announced today that it has filed a prospectus supplement under
which it may issue and sell, from time to time, up to an aggregate
of $250 million of its common stock
under an "at-the-market" equity offering program (the "ATM
Program") through Wells Fargo Securities, LLC. The fund
expects to use net proceeds of the ATM Program to purchase
additional portfolio securities consistent with its investment
objectives and policies as set forth in its prospectus.
The existence of the ATM Program does not change the manner in
which current and prospective investors may place orders to
purchase the fund's common stock. Current and prospective
investors interested in purchasing Shares should contact their
investment adviser or broker/dealer.
A copy of the fund's prospectus, including the prospectus
supplement relating to the ATM Program, and the fund's statement of
additional information may be obtained on the SEC's website at
www.sec.gov. The prospectus, including any supplements, may
also be found on the fund's website www.dnpselectincome.com.
This news release shall not constitute an offer to sell or the
solicitation of any offer to buy the securities discussed herein,
nor shall there be any offer, solicitation or sale of the
securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state. An investment in the fund
is subject to a risk of loss, and the risks of investing in the
fund are fully described in the fund's prospectus. An investor
should consider the fund's investment objectives, risks, and
charges and expenses carefully before investing. The
prospectus supplement, as well as the prospectus, contains this and
other information about the fund. An investor may obtain a
prospectus supplement, as well as the prospectus, as set forth in
the above paragraph. The prospectus supplement and prospectus
should be read carefully before investing.
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. Capital appreciation is a secondary objective. 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,
visit www.dnpselectincome.com or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps
Investment Management Co. has more than 39 years of experience
managing investment portfolios, including institutional separate
accounts and open- and closed-end funds investing in utilities,
infrastructure and real estate investment trusts (REITs). For
more information, visit www.dpimc.com.
Duff & Phelps is a subsidiary of Virtus Investment Partners
(NASDAQ: VRTS), a multi-boutique asset manager with $89.1 billion under management as of March 31, 2018. Virtus provides investment
management products and services to individuals and institutions
through a multi-manager asset management business, comprising a
number of individual affiliated managers, each with a distinct
investment style, autonomous investment process and individual
brand. Additional information can be found at
www.virtus.com.
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SOURCE DNP Select Income Fund Inc.