CHICAGO, Sept. 19, 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                 October 31, 2017             November 10, 2017

            6.5                November 30, 2017             December 11, 2017

            6.5                December 29, 2017              January 10, 2018

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 September 11, 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: August 2017

Distribution Amount Per Share of Common Stock: $0.065



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

                                        % of Current         Per Share         % of Cumulative
                                        Distribution          Amount            Distributions
                    Per Share
                      Amount
                      ------

    Net Investment
     Income                   $0.021                     33%           $0.228                   35%
    --------------            ------                     ---            ------                   ---

    Net Realized
     Short-Term
     Capital Gains                 -                      -            0.006                    1%
    --------------               ---                    ---            -----                   ---

    Net Realized
     Long-Term
     Capital Gains                 -                      -            0.351                   54%
    --------------               ---                    ---            -----                   ---

    Return of
     Capital (or
     Other Capital
     Source)                   0.044                     67%            0.065                   10%
    --------------             -----                     ---             -----                   ---

    Total (per
     common share)            $0.065                    100%           $0.650                  100%
    --------------            ------                     ---            ------                   ---



    July 31, 2017
    -------------

    Average annual total return* on
     NAV for the 5 years ended                         11.98%
    -------------------------------                     -----

    Annualized current distribution
     rate as a percentage of NAV                        7.79%
    -------------------------------                      ----

    Cumulative total return on NAV
     for the fiscal year                               13.09%
    ------------------------------                      -----

    Cumulative fiscal year
     distributions as a percentage
     of NAV                                             5.85%
    ------------------------------                       ----

* 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 $88.6 billion under management as of June 30, 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.