DNP SELECT INCOME FUND INC. 
By CHICAGO, Jan. 7, 2011 /PRNewswire/ --
Notification of Sources of
Distribution
--------------------------
Distribution Period: December 2010
Distribution Amount Per Share of
Common Stock: $0.065
The following table sets forth the estimated amounts of the current distribution, payable January 10, 2011, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income; net realized short term capital gains; net realized long term capital gains; and return of capital or other capital source. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.
%
Breakdown
of the
Total
Total Cumulative
Cumulative Distributions
Distributions for the
Current for the Fiscal
Distribution % Fiscal Year Year to
($) Breakdown to Date ($) Date
------------ --------- ------------- -------------
of the
Current
Distribution
------------
Net
Investment
Income 0.040 61% 0.477 61%
Net Realized
Short Term
Capital
Gains 0.000 0% 0.000 0%
Net Realized
Long Term
Capital
Gains 0.011 17% 0.157 20%
Return of
Capital or
Other
Capital
Source 0.014 22% 0.146 19%
----- --- ----- ---
Total (per
common
share) 0.065 100% 0.780 100%
Average annual total return* (in relation to NAV) for the 5 years ended December 31, 2010: 9.8%
Annualized current distribution rate expressed as a percentage of NAV as of December 31, 2010: 10.4%
Cumulative total return (in relation to NAV) for the fiscal year through December 31, 2010: 15.7%
Cumulative fiscal year distributions as a percentage of NAV as of December 31, 2010: 10.4%
You should not necessarily draw any conclusions about the Fund's investment performance from the amount of this distribution.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
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.
DNP Select Income Fund Inc. (NYSE: DNP) is a closed-end diversified investment management company. The Fund's 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 the Fund's website at www.dnpselectincome.com or call the Fund at (800) 864-0629.
*Simple arithmetic average of each of the past five annual returns.
SOURCE DNP Select Income Fund Inc.
