DNP is the latest to be granted exemption from section 19(b) of the Act and rule 19b-1.
August 25th the key date.
The CEF currently trades at a staggering 26% premium to NAV. I find it interesting that DNP has had a steady distribution for over 20 years! Paid $0.06 until August 1997, then increased to $0.065. Has to rate as one of the best cash cows in modern CEF history since the NAV has remained relatively intact for the entire period.
http://www.sec.gov/rules/ic/2008/ic-28348.pdfSteve
