The Insight Select Income Fund (INSI) has declared a quarterly dividend of $0.20 on March 15, 2024. This dividend totaling $0.20 per share will be distributed on April 15, 2024, to shareholders of record as of the close of business on April 3, 2024. The ex-dividend date is set for April 2, 2024.
Over the last four quarters, the Fund has paid approximately $0.80 per share in quarterly dividends from ordinary income.
For additional information about the Fund, please visit its website: Insight Select Income Fund
The Insight Select Income Fund is a diversified closed-end management investment company with the primary objective of seeking a high rate of return from interest income and trading activity, primarily from a portfolio of debt securities. The Fund also seeks capital appreciation by purchasing debt securities at prices believed to be below their intrinsic value and aims to optimize risk-adjusted yields through trading securities. Insight North America LLC serves as the Fund’s investment adviser, providing fixed income asset management services to a variety of institutional clients.
Please note that this press release is not intended for tax reporting purposes but is provided to announce the amount of the Fund’s distribution declared by the Board of Trustees. It is important to understand that a portion of the current distribution may include sources other than net investment income, such as a return of capital. Investors should be aware that a return of capital is not a distribution from the income or gains of the Fund. A notice with the estimated components of the distribution will be sent to shareholders at the time of payment if it does not consist solely of net investment income, in accordance with the Investment Company Act of 1940. However, this notice should not be used for tax preparation purposes, as the actual federal income tax characterization of distributions may differ from the estimates provided. Investors will receive a Form 1099-DIV after the end of each calendar year, detailing how to report distributions for federal income tax purposes.
Forward-looking statements contained in this press release should be interpreted with caution, as they are subject to uncertainties and factors beyond the Fund’s control, which could cause actual results to differ materially from those expressed in the forward-looking statements.
Investors are advised to carefully consider a Fund’s investment objectives, risks, charges, and expenses before investing.
