SEC Form 4 · accession 0000899243-16-025039
DNP SELECT INCOME FUND INC · DNP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Jul 11, 2016
Accepted (ET)
Jul 13, 2016 · 3:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000806628
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Floating Rate Mandatory Redeemable Preferred Shares Series AF1 | Jul 11, 2016 | J | 10 | — | A | 675 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 11, 2016, United Guaranty Insurance Company ("UGC"), an indirect wholly owned subsidiary of American International Group Inc. ("AIG"), transferred 10 DNP Select Income Fund Inc. Floating Rate Mandatory Redeemable Preferred Shares, Series A and $859,375 principal amount of JIB Group Ltd. 3.93% Senior Notes Series A due October 30, 2026 to American General Life Insurance Company ("AGL"), also an indirect wholly owned subsidiary of AIG, in exchange for $2,000,000 principal amount of Express Scripts Holding Company 3.4% Senior Unsecured Bonds due March 1, 2027. A cash true-up of $1,134,650.11 is also expected to be paid by UGC to AGL.
Remarks
Filed pursuant to Section 30(h) of the Investment Company Act of 1940. The Reporting Person is informed that the referenced Floating Rate Mandatory Redeemable Preferred Shares, Series A represent, in the aggregate, in excess of 10% of this class of preferred equity securities of the Issuer.