CHICAGO, June 15, 2017 /PRNewswire/ -- The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows:



     Cents Per Share             Record Date                  Payable Date
     ---------------             -----------                  ------------


           6.5                  July 31, 2017                August 10, 2017


           6.5                 August 31, 2017             September 11, 2017


           6.5                September 29, 2017            October 10, 2017

The Fund adopted a Managed Distribution Plan (the "Plan") in 2007 to maintain its current 6.5 cent per share distribution rate. 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 and/or return of capital 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 current monthly distribution, payable June 12, 2017, together with the cumulative distributions paid this fiscal year to date 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.

Notification of Sources of Distribution

Distribution Period: May 2017

Distribution Amount Per Share of Common Stock: $0.065



    Distribution
     Estimates       May 2017                Year-to-date (YTD)
    ------------     --------                -----------------

                                         % of Current Distribution   Per Share Amount         % of Cumulative Distributions

                 Per Share Amount
                 ----------------

    Net
     Investment
     Income                       $0.018                         28%                  $0.164                               36%
    -----------                   ------                         ---                   ------                               ---

    Net Realized
     Short-Term
     Capital
     Gains                             -                          -                       -                                -
    ------------                     ---                        ---                     ---                              ---

    Net Realized
     Long-Term
     Capital
     Gains                         0.013                         20%                   0.291                               64%
    ------------                   -----                         ---                    -----                               ---

    Return of
     Capital (or
     Other
     Capital
     Source)                                                    52%                       -                                -

                                   0.034
    ---                            -----

    Total                         $0.065                        100%                  $0.455                              100%

    (per common
     share)
    -----------




    April 30, 2017
    --------------

    Average annual total return*
     on NAV for the 5 years ended                    13.13%
    -----------------------------                     -----

    Annualized current
     distribution rate as a
     percentage of NAV                                7.86%
    -----------------------                            ----

    Cumulative total return on
     NAV for the fiscal year                          9.96%
    --------------------------                         ----

    Cumulative fiscal year
     distributions as a
     percentage of NAV                                3.93%
    ----------------------                             ----

* Simple arithmetic average of each of the past five annual returns.

You should not necessarily draw any conclusions about the Fund's investment performance from the amount of these distributions or from the terms of the Fund's Plan.

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 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.

The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available.

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, visit www.dnpselectincome.com or call (800) 864-0629.

About the Investment Adviser

Duff & Phelps Investment Management Co. is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $48 billion under management as of March 31, 2017. Duff & Phelps has more than 38 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.

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SOURCE DNP Select Income Fund Inc.