Federal Register #2026-11287

SEC Notice: Application for Exemption to Permit Frequent Capital Gains Distributions by Investment Companies

This SEC notice concerns an application for regulatory exemption, not a procurement opportunity. - Government Buyer: - Securities and Exchange Commission (SEC) - Involved Entities (OEMs/Vendors): - DNP Select Income Fund Inc. - Duff & Phelps Utility and Infrastructure Fund Inc. - Virtus Artificial Intelligence & Technology Opportunities Fund - Virtus Diversified Income & Convertible Fund - Virtus Dividend, Interest & Premium Strategy Fund - Virtus Equity & Convertible Income Fund - Duff & Phelps Investment Management Co. - Virtus Investment Advisers, LLC - Subject of Notice: - Application for exemption to permit certain registered closed-end management investment companies to make periodic distributions of long-term capital gains more frequently than currently allowed under section 19(b) of the Investment Company Act of 1940 and rule 19b-1 - Proposed: Up to twelve distributions per year for common stock; flexible terms for preferred stock - Unique/Notable Requirements: - No products or services are being procured - This is a regulatory action affecting investment company operations, not a solicitation for goods or services

Description

This notice pertains to an application filed on March 11, 2026, and amended on May 13, 2026, by DNP Select Income Fund Inc. and related entities. The application requests an order to permit certain registered closed-end management investment companies to make periodic distributions of long-term capital gains more frequently than currently allowed. The order would allow distributions as frequently as twelve times in any one taxable year for common stock and as often as specified for preferred stock, subject to terms and conditions stated in the application. Interested persons may request a hearing by June 29, 2026.

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