DNP News and Press, DNP Select Income Fund Inc. From 10/17/23

2023-10-17 07:34:32 ET Summary Closed-end funds are currently trading at historically deep discounts, with the average discount at -9.64% at the end of Q3 2023. Municipal bond funds are experiencing particularly wide discounts, with an average discount of -12.89%. Non-leverage...

2023-09-07 01:52:35 ET Summary DNP Select Income Fund is a closed-end fund that focuses on current income and has maintained a large distribution. The fund primarily invests in utilities and midstream assets, with some exposure to the communication sector. DNP has underperform...

2023-09-05 03:43:41 ET Summary I increased my portfolio investment in July-August to focus on stocks and funds in the Utilities sector, which has been underperforming. For July-August, I closed positions in 12 stocks in the portfolio, with a mean gain of +20.8% not including divid...

2023-08-31 01:20:30 ET Summary We share updated data on over 100 big-yield opportunities (including CEFs, REITs, and MLPs) and then highlight one particularly attractive opportunity from each group. We have a special focus on the PIMCO Dynamic Income Fund, including its big +14% m...

2023-08-24 16:17:15 ET Summary Cohen and Steers Infrastructure Fund invests in infrastructure companies, which provide the physical framework for society. The fund has delivered solid returns over the long term and its current leverage is better financed than many other CEFs. ...

2023-08-21 12:40:40 ET Summary Rose's Income Garden consists of 5 high yield monthly payers from the energy, utility, and finance sectors. The top monthly payer in RIG is PennantPark Floating Rate Capital Ltd. with a dividend yield of 11.7%. Other high yield monthly payers in ...

2023-08-10 11:29:07 ET Summary NFJ runs a predominantly equity portfolio with convertibles thrown in. Separate teams are assigned to manage the equity and the fixed income sleeve. Options are written on the equity portion to supplement income generation. We review this clo...

The following table sets forth the estimated amounts of the current distribution, payable August 10, 2023 to shareholders of record July 31, 2023, together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2022 to Octo...

2023-07-31 17:35:53 ET Summary It's been a rough year for utility stocks and utility focused CEFs as interest rates have moved up making their high dividend yields less attractive. So despite a bull market in just about everything this year, the SPDR Utility ETF (XLU) is actually ...

DNP Select Income Fund Inc. (NYSE: DNP), a closed-end fund advised by Duff & Phelps Investment Management Co., announced today that the Fund will pay its 2.76% Series A Senior Secured Notes due July 22, 2023 (“Series A Senior Notes”) in full at maturity. Since the scheduled ...