DNP Select Income Fund Inc.(NYSE:DNP)
For more information on the Fund, including performance and shareholder information, please refer to the Fund's website, www.dnpselectincome.com. This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.
The DNP Select Income Fund Inc. (NYSE:DNP) is a diversified, closed-end management investment company that first offered its common stock to the public in January 1987. The Fund's primary investment objectives are current income and long-term growth of income. Capital appreciation is a secondary objective. DNP has issued RP and APS to leverage the common stockholders' investment.
The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of equity and fixed income securities of companies in the public utilities industry. The Fund's investment strategy has been developed to take advantage of the income and growth characteristics, and historical performances of securities of companies in the public utilities industry.
Under normal market conditions, more than 65% of the Fund's total assets will be invested in securities of public utility companies engaged in the production, transmission or distribution of electric energy, gas or telephone services.
The Fund may invest in the securities of domestic and foreign issuers as well as in securities of companies of any market capitalization, including small and mid cap common and preferred stocks. The Fund may not invest more than 25% of its total assets (valued at the time of investment) in securities of companies engaged principally in any one industry other than the public utilities industry, nor have more than 20% invested in foreign issuers. The Fund will purchase a fixed income security only if, at the time of purchase, it is rated investment grade by at least two nationally recognized statistical rating organizations.
Fund management includes members of both the Utility and Real Estate teams.
Investment Team
Nathan I. Partain, CFA- President
Chief Investment Officer
Connie M. Luecke, CFA- Senior Portfolio Manager
Randle L. Smith, CFA- Senior Portfolio Manager
Frank J. Haggerty, Jr., CFA- Portfolio Manager
Michael Slater, CFA- Senior Global Analyst
Krishna Soma, CFA- U.S. Analyst
Eric Elvekrog, CFA, CPA- Utility Analyst
T. Brooks Beittel, CFA- Assistant Chief Investment Officer
Director, Fixed Income
Executive VP, Senior Portfolio Manager
Deborah Jansen, CFA- Senior Portfolio Manager
Geoffrey P. Dybas, CFA- Group Head - Global Real Estate Securities
Senior Portfolio Manager
Ron She, CFA- Senior Global Analyst
Eden Levinson- U.S. Analyst
Joyolin Brown, CFA- Utility Analyst