Daniel Petrisko
About Daniel Petrisko
Daniel J. Petrisko, CFA, is Executive Vice President of DNP Select Income Fund Inc. (since 2021) and Assistant Secretary (since 2015). He is age 64 per the 2025 proxy and has been Executive Managing Director at Duff & Phelps Investment Management Co. (the Adviser) since 2017, after senior leadership roles at the Adviser and as Chief Investment Officer of Duff & Phelps Utility and Corporate Bond Trust Inc. (DUC) from 2004–2021 . The fund’s proxies do not disclose Petrisko-specific performance metrics (e.g., TSR, revenue, EBITDA) or compensation outcomes within the Fund; officers are employed and paid by the Adviser, not by DNP .
Past Roles
| Organization | Role | Years | Strategic Impact/Notes |
|---|---|---|---|
| DNP Select Income Fund Inc. | Executive Vice President | 2021–present | Officer role of the Fund; officers receive no compensation from the Fund |
| DNP Select Income Fund Inc. | Assistant Secretary | 2015–present | Officer role (elected annually by Board); compensated by Adviser/affiliates, not the Fund |
| DNP/DPG/DTF (Funds) | Executive Vice President (DPG/DTF also since 2021); Assistant Secretary (since 2015) | 2015–present | Officer roles across the Funds; paid by Adviser/affiliates, not the Funds |
| Duff & Phelps Investment Management Co. (Adviser) | Executive Managing Director | 2017–present | Senior leadership at the Adviser (parented by Virtus) |
| Duff & Phelps Investment Management Co. | Senior Managing Director; Senior Vice President; Vice President | 2014–2017; 1997–2014; 1995–1997 | Progressive leadership at Adviser |
| Duff & Phelps Utility and Corporate Bond Trust Inc. (DUC) | Chief Investment Officer; Senior Vice President; Assistant Secretary; Vice President; Portfolio Manager | CIO 2004–2021; SVP 2017–2021; Asst. Sec. 2015–2021; VP 2000–2016; PM 2002–2004 | Long-tenured closed-end fund leadership prior to DUC’s 2021 merger into DNP |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| — | — | — | No external directorships/roles for Petrisko are disclosed in the Fund proxies . |
Fixed Compensation
Officers of DNP (including Petrisko) do not receive compensation from the Fund; they are employees of the Adviser or Fund administrators/affiliates and are paid in those capacities. The proxy does not provide Petrisko’s base salary, bonus, or other cash compensation details.
| Component | 2023 | 2024 | Source/Notes |
|---|---|---|---|
| Base salary | Not disclosed by Fund | Not disclosed by Fund | Officers receive no compensation from the Funds; paid by Adviser/affiliates |
| Target bonus % | Not disclosed by Fund | Not disclosed by Fund | Not disclosed in proxies |
| Actual bonus | Not disclosed by Fund | Not disclosed by Fund | Not disclosed in proxies |
Performance Compensation
The Fund proxies do not disclose Petrisko’s incentive metrics, targets, weightings, or payouts (e.g., PSUs/RSUs, options), as officer compensation is not paid by the Fund.
| Metric | Weighting | Target | Actual | Payout | Vesting | Notes |
|---|---|---|---|---|---|---|
| — | — | — | — | — | — | No Petrisko-specific incentive plan details disclosed by the Fund |
Equity Ownership & Alignment
The proxies provide individual beneficial ownership for directors (not officers) and aggregate holdings for “directors and executive officers as a group.” Petrisko’s individual ownership is not separately disclosed. Officers and directors as a group own less than 1% of outstanding common stock of each Fund.
| As of Nov 30 | DNP shares held by directors & exec officers as a group | DPG shares held by group | DTF shares held by group | % of outstanding per Fund | Notes |
|---|---|---|---|---|---|
| 2023 | 205,795 | 58,227 | 16,326 | “Less than 1%” each Fund | Individual officer holdings (incl. Petrisko) not broken out |
| 2024 | 223,267 | 67,936 | 19,249 | “Less than 1%” each Fund | Individual officer holdings (incl. Petrisko) not broken out |
Additional ownership context:
- DNP record date share count: 363,101,162 common (Dec 8, 2023) and 370,030,932 common (Dec 6, 2024); preferred outstanding 1,320 in both years .
- The proxies do not disclose any Petrisko-specific pledging, hedging, or ownership guideline status .
Employment Terms
| Item | Disclosure |
|---|---|
| Employment relationship | Officers are elected by the Board in connection with the annual shareholder meeting; they receive no compensation from the Funds and are employees of the Adviser/administrators or affiliates . |
| Contract term/expiration | Not disclosed in proxies . |
| Severance / Change-in-control | Not disclosed in proxies for officers; no Fund-level officer severance or CIC terms provided . |
| Clawback / Tax gross-ups / Deferred comp / Pensions | Not disclosed for officers (not paid by the Fund) . |
| Non-compete / Non-solicit | Not disclosed in proxies . |
Board Governance (context for officer role)
- Petrisko is not a director; the Boards of DNP/DPG/DTF are majority independent and operate standing committees (Audit; Contracts; Nominating & Governance; Executive) led by independent directors .
- Officers are listed with ages/roles; e.g., the 2025 proxy confirms Petrisko (age 64) and his current titles across the Funds .
Say-on-Pay & Shareholder Feedback
- Not applicable; the Fund proxies provide director compensation tables but no say-on-pay or officer compensation votes for externally managed closed-end funds .
Expertise & Qualifications
- Credentials: CFA charterholder .
- Tenure/experience: Executive Managing Director at the Adviser since 2017; long-serving investment leadership including CIO of DUC (2004–2021) and senior portfolio roles dating back to 1995 .
Work History & Career Trajectory
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Duff & Phelps Investment Management Co. | Executive Managing Director | 2017–present | Senior leadership at the Adviser |
| Duff & Phelps Investment Management Co. | Senior Managing Director; Senior Vice President; Vice President | 2014–2017; 1997–2014; 1995–1997 | Progressive leadership |
| DUC (pre-merger) | Chief Investment Officer; Senior VP; Assistant Secretary; Vice President; Portfolio Manager | CIO 2004–2021; SVP 2017–2021; Asst. Sec. 2015–2021; VP 2000–2016; PM 2002–2004 | Closed-end fund leadership prior to merger into DNP in 2021 |
Risk Indicators & Red Flags
- Section 16 compliance: Proxies report overall compliance, with specific late filings noted for other officers (e.g., Timothy P. Riordan in 2023; Philip H. Hooks with respect to DTF in 2024), not for Petrisko .
- No disclosed related-party transactions, legal proceedings, pledging, or option repricings specific to Petrisko in the proxies reviewed .
Investment Implications
- Alignment: Because officers are compensated by the Adviser (not the Fund) and individual officer ownership is not disclosed, there is limited transparency into Petrisko’s pay-for-performance linkage to DNP/DPG/DTF outcomes at the Fund level. Aggregate insider ownership is <1% for each Fund, suggesting modest direct equity alignment from the Fund standpoint .
- Retention and turnover risk: As compensation, severance, and CIC terms reside at the Adviser (undisclosed in Fund proxies), retention incentives and mobility risk are difficult to assess from Fund filings alone .
- Trading/flow signals: Absence of Petrisko-specific Form 4 detail in the proxies and lack of individual officer ownership disclosure reduces signal value on potential selling pressure or hedging/pledging risk. Monitoring future Section 16 filings and any Item 5.02 8‑Ks is advisable for updates .
Data sources: 2024 and 2025 DNP/DPG/DTF joint DEF 14A proxy statements (officer listings, ages, roles; officer compensation statement; ownership aggregates; board/committee context) .