Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 105

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 105
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 of larger, more established companies or stock market averages in general. Competitors of certain companies, which may or may not      
 be in the same industry,                                                                                                               |

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The Gabelli Dividend & Income Trust

Additional Fund Information (Continued) (Unaudited)

may have substantially greater financial resources than many of the companies in which the Fund may invest.

| ● | Small-Cap                                                                                                                           
 and Emerging Growth Companies Investment Risk. Investment in smaller or emerging growth companies involves greater risk than        
 is customarily associated with investments in more established companies. The securities of smaller or emerging growth companies    
 may be subject to more abrupt or erratic market movements than larger, more established companies or the market average in general. 
 These companies may have limited product lines, markets or financial resources, or they may be dependent on a limited management    
 group.                                                                                                                              |

While small-cap or emerging growth company issuers may offer greater opportunities for capital appreciation than large-cap issuers, investments in smaller or emerging growth companies may involve greater risks and thus may be considered speculative. Fund management believes that properly selected companies of this type have the potential to increase their earnings or market valuation at a rate substantially in excess of the general growth of the economy. Full development of these companies and trends frequently takes time.

Small-cap and emerging growth securities will often be traded only in the OTC market or on a regional securities exchange and may not be traded every day or in the volume typical of trading on a national securities exchange. As a result, the disposition by the Fund of portfolio securities may require the Fund to make many small sales over a lengthy period of time, or to sell these securities at a discount from market prices or during periods when, in Fund management’s judgment, such disposition is not desirable.

The process of selection and continuous supervision by Fund management does not, of course, guarantee successful investment results; however, it does provide access to an asset class not available to the average individual due to the time and cost involved. Careful initial selection is particularly important in this area as many new enterprises have promise but lack certain fundamental factors necessary to prosper. Investing in small-cap and emerging growth companies requires specialized research and analysis. In addition, many investors cannot invest sufficient assets in such companies to provide wide diversification.

Small-cap companies are generally little known to most individual investors although some may be dominant in their respective industries. The Fund may invest in securities of small issuers in the relatively early stages of business development that have a new technology,