Overview
Description
DNP Select Income Fund Inc. is a diversified, closed-end management investment company focused on generating current income and long-term income growth for its shareholders. Capital appreciation is a secondary aim. Established in 1987, the fund primarily invests in a broad portfolio of equity and fixed-income securities issued by companies operating within the public utilities sector, including those involved in the production, transmission, or distribution of electric energy, gas, and telecommunications services. By maintaining more than 65% of its assets in utility-related securities under typical market conditions, the fund leverages the traditionally stable cash flows and defensive characteristics of the utility industry. DNP Select Income Fund may invest in both domestic and international issuers across all market capitalizations and uses leverage through instruments like preferred shares and secured notes to enhance returns for common shareholders. Its structure and investment focus make it a notable participant in the income-oriented segment of the closed-end fund market, particularly among investors seeking exposure to infrastructure and essential services sectors.
About
CEO
Mr. David Dean Grumhaus Jr.
Employees
0
Address
10 South Wacker Drive
19th Floor
Chicago, 60606, IL
United States
19th Floor
Chicago, 60606, IL
United States
Phone
312 263 2610
Website
Instrument type
Closed-end fund
Sector
Financial Services
Industry
Asset Management
Country
United States
MIC code
XNMS