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DNP Select Income Fund, Inc. Co Message Board

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  • pvbud pvbud Mar 30, 2012 6:25 PM Flag

    Down 9% since purchase...

    The solution . . . may depend on your objectives and attitude toward risk.

    Until recently DNP was selling at a significant premium compared to its invested worth (NAV.) Secondly, DNP announced a "Rights Offering," an unprecedented event for DNP with an unknown outcome.

    My guess is that the price of the stock will continue to decline reducing or eliminating the premium, and the dividends will continue to be paid.

    Over all the stock will be less market attractive.
    Then, we have the Pres and the Congress talking about increasing the tax on dividends and capital gains. The CG tax moving from 15 percent to 43 percent including Obamacare.

    Wowee!

    If I knew anything I'd have sold 3 months ago.

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