DNP Select Income Fund Inc. $DNP Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its position in DNP Select Income Fund Inc. (NYSE:DNP) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,449,269 shares of the investment management company’s stock after buying an additional 65,175 shares during the period. Commonwealth Equity Services LLC owned approximately 0.39% of DNP Select Income Fund worth $14,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of DNP. Farther Finance Advisors LLC lifted its position in DNP Select Income Fund by 4.0% during the second quarter. Farther Finance Advisors LLC now owns 32,434 shares of the investment management company’s stock valued at $318,000 after purchasing an additional 1,246 shares during the period. Global Assets Advisory LLC raised its stake in shares of DNP Select Income Fund by 11.6% during the 2nd quarter. Global Assets Advisory LLC now owns 11,995 shares of the investment management company’s stock valued at $117,000 after buying an additional 1,246 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of DNP Select Income Fund by 0.9% in the 2nd quarter. Scotia Capital Inc. now owns 137,385 shares of the investment management company’s stock valued at $1,345,000 after buying an additional 1,255 shares during the period. Tortoise Investment Management LLC boosted its stake in shares of DNP Select Income Fund by 2.0% in the second quarter. Tortoise Investment Management LLC now owns 63,838 shares of the investment management company’s stock worth $625,000 after buying an additional 1,269 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of DNP Select Income Fund by 3.2% in the second quarter. Cresset Asset Management LLC now owns 41,953 shares of the investment management company’s stock worth $413,000 after buying an additional 1,312 shares during the last quarter. 8.51% of the stock is owned by hedge funds and other institutional investors.

DNP Select Income Fund Trading Up 1.1%

Shares of DNP stock opened at $9.96 on Friday. The stock has a 50 day moving average of $10.06 and a 200 day moving average of $9.95. DNP Select Income Fund Inc. has a twelve month low of $8.69 and a twelve month high of $10.35.

DNP Select Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.065 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, March 31st.

About DNP Select Income Fund

DNP Select Income Fund is a closed‐end management investment company listed on the New York Stock Exchange under the symbol DNP. The fund’s primary objective is to provide high current income and, as a secondary objective, capital appreciation by investing in income‐producing securities.

To pursue its objectives, DNP Select Income Fund allocates the majority of its assets to equity and equity‐related securities of energy infrastructure companies, with a particular focus on master limited partnerships (MLPs) in the midstream sector.