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DNP Select Income Fund Marks 20th Anniversary.

HARTFORD, Conn. -- Executives of Duff & Phelps Investment Management Co., the Chicago-based affiliate of The Phoenix Companies, Inc. (NYSE: PNX), celebrated the 20th anniversary of the DNP Select Income Fund, Inc. (NYSE: DNP) in a ceremony at the New York Stock Exchange this week.

Francis E. Jeffries, CFA, chairman of the board of directors of the DNP Select Income Fund, Claire Hansen, former chairman of the Fund, and Nathan I. Partain, CFA, president, chief executive officer and chief investment officer of Duff & Phelps Investment Management, rang the closing bell at the NYSE Wednesday afternoon. Duff & Phelps Investment Management, an affiliate of Phoenix since November 1995, is the advisor of the fund.

"Nathan and his team should be proud of the 20-year track record of the DNP Select Income Fund, and I congratulate them on this anniversary," said George R. Aylward, president of Phoenix Investment Partners, Phoenix's asset management subsidiary. "Duff & Phelps Investment Management has delivered on its commitment to give shareholders products that fit their financial goals. The team's in-depth fundamental research, value-added economic overviews, and active management have enabled the DNP Select Income Fund to achieve historically outstanding performance."

The DNP Select Income Fund is a closed-end mutual fund that first offered common stock to the public January 21, 1987 in a $1.3 billion initial public offering that was the largest at the time.

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.

The DNP Select Income Fund is one of Phoenix's diversified mix of investments from 17 respected money managers, including Duff & Phelps Investment Management. Investment management is provided by Phoenix Investment Partners through its affiliated investment advisers and subadvisory arrangements with outside managers.

With roots dating to 1851, The Phoenix Companies, Inc. (NYSE:PNX) helps individuals and institutions solve their often highly complex personal financial and business planning needs through its broad array of life insurance, annuities and investment management products. In 2005, Phoenix had annual revenues of $2.6 billion and total assets of $27.7 billion. For more information, visit www.phoenixwm.com.

Note to editors: Photos of the closing bell are available via Associated Press/New York (212-621-1902), Reuters America (646-223-6285) and Bloomberg Photo (212-617-3420).

For more complete information about Phoenix mutual funds, please obtain a current prospectus from your registered representative, download or order one from our site at www.phoenixfunds.com, or call us at 1-800-243-4361. You should consider the Fund's investment objectives, charges, expenses, and risks carefully before you invest. This information and other information about the Fund is contained in the prospectus. Please read the prospectus carefully before you invest or send money.

Mutual funds are distributed by Phoenix Equity Planning Corporation, member NASD and subsidiary of Phoenix Investment Partners, Ltd.
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Publication:Business Wire
Date:Jan 26, 2007
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