DNP Select Income Fund Inc. Section 19(a) Notice

    CHICAGO, July 3 /PRNewswire-FirstCall/ --

    Notification of Sources of Distribution

    Distribution Period:  June 2008

    Distribution Amount Per Share of Common Stock:  $0.065

                                                                % Breakdown
                                                                   of the
                                                      Total         Total
                                                    Cumulative    Cumulative
                                      % Breakdown Distributions Distributions
                             Current     of the       for the      for the
                           Distribution  Current    Fiscal Year  Fiscal Year
                               ($)     Distribution  to Date ($)    to Date

    Net Investment Income... 0.048         74%         0.211           54%
    Net Realized Short Term
     Capital Gains...        0.000          0%         0.000            0%
    Net Realized Long Term
     Capital Gains...        0.000          0%         0.000            0%
    Return of Capital or
     Other Capital Source... 0.017         26%         0.179           46%
    Total (per common share) 0.065        100%         0.390          100%

Average annual total return* (in relation to NAV) for the 5 years ended June 30, 2008: 13.1%

Annualized current distribution rate expressed as a percentage of NAV as of June 30, 2008: 8.5%

Cumulative total return (in relation to NAV) for the fiscal year through June 30, 2008: -6.3%

Cumulative fiscal year distributions as a percentage of NAV as of June 30, 2008: 4.3%

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 http://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.

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