DNP SELECT INCOME FUND INC

# DNP Select Income Fund Inc

A closed-end mutual fund incorporated in Connecticut and headquartered in Chicago, DNP Select Income Fund provides investors with balanced exposure to U.S. equities and fixed income securities. The fund is managed by Duff & Phelps Investment Management Co., a subsidiary of Virtus Investment Partners, Inc. The investment strategy centers on a dual-asset allocation approach, combining equity investments focused on the utility sector with a fixed income component primarily composed of utility bonds.

The fund's portfolio construction reflects its stated objective of balancing income generation with capital appreciation through sector-specific exposure. Its equity holdings target utility companies across the full market capitalization spectrum, while its bond portfolio concentrates on utility debt securities. Performance is benchmarked against two indices: the S&P 500 Utilities Index for its equity sleeve and the Barclays Capital U.S. Utility Bond Index for its fixed income holdings. The fund was established in November 1986, making it one of the longer-running closed-end funds in the utilities-focused space.

As a closed-end fund with approximately $4.0 billion in assets under management, DNP operates within the broader asset management industry, distributing returns to shareholders through regular dividend payments rather than reinvestment. The fund has a single revenue stream derived from management fees charged on assets held.