Nikita Thaker
About Nikita Thaker
Nikita K. Thaker is a fund officer affiliated with Virtus Investment Partners who serves as Vice President and Assistant Treasurer for DNP Select Income Fund Inc. (officer status filed on Form 3, event date Mar 10, 2025) . Her Virtus roles include Vice President and Closed-End Fund Controller since 2021, after serving in Mutual Fund Accounting & Reporting roles from 2015–2021, Director 2011–2015, and Manager 2007–2011 . DNP proxy statements describe that officers receive no compensation from the Funds (compensation is paid by the Adviser/administrator), and do not disclose fund-level performance metrics (TSR, revenue, EBITDA) tied to officer pay .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Virtus Investment Partners, Inc. | Vice President & Closed-End Fund Controller | Since 2021 | Oversight of closed-end fund accounting and controller responsibilities across Virtus closed-end funds |
| Virtus Closed-End Funds / Virtus Closed-End Funds II | Vice President, Controller & Assistant Treasurer; Assistant Treasurer prior | VP/Controller/AT since 2021; Assistant Treasurer 2017–2021 | Administration and treasury support for Virtus closed-end funds |
| Virtus Investment Partners, Inc. | Assistant Vice President — Mutual Fund Accounting & Reporting | 2015–2021 | Mutual fund accounting and reporting leadership |
| Virtus Investment Partners, Inc. | Director | 2011–2015 | Fund administration/accounting leadership roles |
| Virtus Investment Partners, Inc. | Manager | 2007–2011 | Fund services management |
| DPG (Duff & Phelps Global Utility Income Fund) | Vice President and Assistant Treasurer | Since 2018 | Officer role supporting fund operations/treasury |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| DNP proxy filings | No external public company board roles disclosed for fund officers | N/A | Officer biographies list Virtus and fund-officer roles; no external directorships indicated |
Fixed Compensation
The Funds disclose that officers receive no compensation from DNP; compensation is paid by the Adviser/administrator (Virtus affiliates), and specific officer cash/equity pay is not reported in DNP filings.
| Component | Fund-disclosed status | Notes |
|---|---|---|
| Base salary | Not paid by DNP; not disclosed by Fund | Officers receive no compensation from the Funds; compensation occurs at Virtus/administrator level |
| Target bonus % / actual bonus | Not paid by DNP; not disclosed by Fund | No officer bonus disclosure at Fund level |
| Perquisites and benefits | Not disclosed by Fund | Fund does not report officer perks/pension/SERP; officers are Virtus employees |
Performance Compensation
No fund-level equity awards or performance plans are disclosed for officers of DNP; performance metrics and vesting tied to officer compensation are not reported in DNP filings.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Fund-level officer compensation plan | N/A | N/A | N/A | N/A | N/A — officers receive no compensation from the Funds |
Equity Ownership & Alignment
| Date | Security | Beneficially owned | Ownership form | Notes |
|---|---|---|---|---|
| 2025-03-10 (event), filed 2025-03-20 | DNP common stock | 0 shares | N/A | Form 3 states “No securities are beneficially owned”; officer title: VP and Assistant Treasurer |
- Pledged shares: None reported (no holdings disclosed on Form 3) .
- Options/derivatives: None reported on Form 3 (Table II shows no derivative holdings) .
- Ownership guidelines: Not disclosed for officers in DNP filings .
Employment Terms
| Topic | Term |
|---|---|
| Employer | Officers are employees of the Adviser/Fund administrator (Virtus affiliates), not compensated by the Funds |
| Severance / change-of-control | Not disclosed in DNP filings for officers; such terms, if any, would be governed by Virtus employment policies/contracts |
| Clawbacks | Not disclosed for officers in DNP filings |
| Non-compete / non-solicit | Not disclosed for officers in DNP filings |
| Compensation peer group / say-on-pay | Not applicable — DNP does not disclose officer compensation or conduct say-on-pay for fund officers |
Investment Implications
- Alignment: As of the Form 3, Thaker reported no DNP share ownership; with officers unpaid by the Fund and compensation occurring at Virtus, direct pay-for-performance alignment to DNP is minimal .
- Selling pressure: With no beneficial ownership and no reported options/RSUs at the Fund level, there is no observable insider selling pressure signal tied to Thaker .
- Retention risk: Employment terms and incentives are governed by Virtus; DNP filings provide no severance/COC details for officers, limiting visibility into retention levers or change-of-control economics at the Fund level .
- Trading signals: Lack of fund-level equity awards, ownership, and performance-linked compensation for officers implies limited officer-specific signals for DNP; governance oversight remains with the Board and investment adviser frameworks .