Filing Details

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(b),

(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. )*

 

 

DNP SELECT INCOME FUND INC.

(Name of Issuer)

 

4.63% Mandatory Redeemable Preferred Shares, Series E

(Title of Class of Securities)

 

23325P6#6
(CUSIP Numbers)

 

June 9, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

x Rule 13d-1(b)

 

¨ Rule 13d-1(c)

 

¨ Rule 13d-1(d)

 

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosure provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP Nos. 23325P6#6

 

1.		Name of reporting person   Corebridge Financial, Inc.
2.		Check the appropriate box if a member of a group (a) ¨        (b) x
3.		SEC use only
4.		Citizenship or place of organization   Incorporated under the laws of the State of Delaware
Number of shares beneficially owned by each reporting person with				5.		Sole voting power   0
				6.		Shared voting power   660
				7.		Sole dispositive power   0
				8.		Shared dispositive power   660
9.		Aggregate amount beneficially owned by each reporting person   660
10.		Check box if the aggregate amount in Row (9) excludes certain shares  ☐
11.		Percent of class represented by amount in Row (9)   50.0%
12.		Type of reporting person   HC

 

 

ITEM 1 (a).

NAME OF ISSUER:

 

DNP Select Income Fund Inc. (the “Issuer”)

 

ITEM 1 (b).

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

10 S. Wacker Drive, Suite 1900
Chicago, Illinois 60606

 

ITEM 2 (a).

NAME OF PERSON FILING:

 

This Schedule 13G is filed by Corebridge Financial, Inc. (“CRBG”).

 

ITEM 2 (b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

 

2919 Allen Parkway, Woodson Tower

 

Houston, TX 77019

 

ITEM 2 (c).

CITIZENSHIP:

 

Incorporated under the laws of the State of Delaware.

 

ITEM 2 (d).

TITLE OF CLASS OF SECURITIES:

 

Mandatory Redeemable Preferred Shares

 

ITEM 2 (e).

CUSIP NUMBERS:

 

23325P6#6 (4.63% Mandatory Redeemable Preferred Shares, Series E) (the “Mandatory Redeemable Preferred Shares”).

 

ITEM 3.

IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13d-1(b), OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

(a)

¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);

 

(b)

¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

¨ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

 

(f)

¨ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

 

(g)

x A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

 

(h)

¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

¨ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

 

(k)

¨ Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

 

 

ITEM 4.

OWNERSHIP.

 

(a)

Amount beneficially owned: 660

 

(b)

Percent of class: 50.0%

 

(c)

Number of shares as to which the person has:

 

(i)

Sole power to vote or to direct the vote: 0

 

(ii)

Shared power to vote or to direct the vote: 660

 

(iii)

Sole power to dispose or to direct the disposition of: 0

 

(iv)

Shared power to dispose or to direct the disposition of: 660

 

As of June 9, 2024, CRBG ceased to be a controlled subsidiary of American International Group, Inc. (“AIG”). As a result of and following such event, CRBG and AIG report beneficial ownership independently and CRBG reports beneficial ownership over securities its subsidiaries either hold directly or may be deemed to beneficially own pursuant to investment management agreements.

 

ITEM 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF CLASS.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following  ☐.

 

ITEM 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

 

Certain of CRBG’s controlled subsidiaries, as noted below, have the right to receive or the power to direct the receipt of dividends from, and the proceeds from the sale of, the Mandatory Redeemable Preferred Shares. American General Life Insurance Company, The United States Life Insurance Company in the City of New York and The Variable Annuity Life Insurance Company, each an indirect wholly owned subsidiary of CRBG, directly hold and beneficially own 640 shares, 10 shares and 10 shares, respectively, of the Mandatory Redeemable Preferred Shares.

 

ITEM 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.

 

See Exhibit 99.1.

 

ITEM 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

 

Not applicable.

 

ITEM 9.

NOTICE OF DISSOLUTION OF GROUP.

 

Not applicable.

 

ITEM 10.

CERTIFICATION.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: June 11, 2024

 

	COREBRIDGE FINANCIAL, INC.
	By	/s/ Christine A. Nixon
	Name:	Christine A. Nixon
	Title:	Executive Vice President, General Counsel and Corporate Secretary