Company: GDV-PK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002931
Chunk: 27

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 27
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 investment adviser as the acquiring person, any investmentadviser of an acquiring person
that is an investment fund or other collective investment vehicle and any other person acting or intending to act jointly or in concert
with the acquiring person.

Voting power under the DSTA Control
Share Statute is the power (whether such power is direct or indirect or through any contract, arrangement, understanding, relationship
or otherwise) to directly or indirectly exercise or direct the exercise of the voting power of shares of the Fund in the election of
the Fund’s Trustees (either generally or with respect to any subset, series or class of trustees, including any Trustees elected
solely by a particular series or class of shares, such as the preferred shares). Thus, Fund preferred shares, including the Series H,
J, K and M Preferred Shares, acquired in excess of the above thresholds would be considered control shares with respect to the preferred
share class vote for two Trustees.

Any control shares of the Fund
acquired before August 1, 2022, are not subject to the DSTA Control Share Statute; however, any further acquisitions on or after August
1, 2022, are considered control shares subject to the DSTA Control Share Statute.

The DSTA Control Share Statute
requires shareholders to disclose to the Fund any control share acquisition within 10 days of such acquisition, and also permits the
Fund to require a shareholder or an associate of such person to disclose the number of shares owned or with respect to which such person
or an associate thereof can directly or indirectly exercise voting power. Further, the DSTA Control Share Statute requires a shareholder
or an associate of such person to provide to the Fund within 10 days of receiving a request therefor from the Fund any information that
the Fund’s Trustees reasonably believe is necessary or desirable to determine whether a control share acquisition has occurred.

The DSTA Control Share Statute
permits the Fund’s Board of Trustees, through a provision in the Fund’s Governing Documents or by Board action alone, to
eliminate the application of the DSTA Control Share Statute to the acquisition of control shares in the Fund specifically, generally,
or generally by types, as to specifically identified or unidentified existing or future beneficial owners or their affiliates or associates
or as to any series or classes of shares. The DSTA Control Share Statute does not provide that the Fund can generally “opt out”
of the application of the DSTA Control Share Statute; rather, specific acquisitions or classes