Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 8

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 8
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ment(s), postponement(s) or delay(s) thereof, the Board requests that shareholders vote their shares by completing and returning the enclosed form of proxy

The purpose of the Meeting is to consider and vote upon a proposal to contribute a portion of Dividend Trust’s assets (which is anticipated to consist largely or exclusively of cash, preferred securities, and other income producing securities) having a value of approximately $100 million (approximately 4% of Dividend Trust’s net assets attributable to Dividend Trust Common Shares as of July 25, 2025), to a newly-organized, diversified, closed-end management investment company, The Gabelli Preferred & Income Trust, a Delaware statutory trust (“Preferred Trust”), and to distribute to common shareholders of Dividend Trust as a dividend the common shares of beneficial interest of Preferred Trust (“Preferred Trust Common Shares”) (such contribution and distribution are together referred to herein as the “Transaction”) (the “Proposal”). At current net asset valuation, this would result in a distribution of one (1) Preferred Trust Common Share for every twenty common shares of Dividend Trust (the “Dividend Trust Common Shares”) that you own.

Dividend Trust’s investment objective is to provide a high level of total return on its assets with an emphasis on dividends and income. Dividend Trust attempts to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities (such as fixed-income securities and securities that are convertible into common stock). In addition, under normal market conditions, at least 50% of Dividend Trust’s assets consist of dividend paying equity securities. Dividend Trust may invest up to 35% of its total assets in the securities of non-U.S. issuers (including securities of companies in emerging markets) and up to 25% of its total assets in securities of issuers in a single industry. There is no minimum credit rating for fixed-income debt securities in which Dividend Trust may invest, although it will not invest more than 10% of its total assets in fixed-income nonconvertible securities rated in the lower rating categories of recognized statistical rating agencies. Dividend Trust’s investments in the lower rating categories are typically those rated “BB” by Standard & Poor’s Ratings Services (“S&P”) or “Ba” by Moody’s Investors Service, Inc. (“Moody’s”) or unrated securities of comparable quality, all of which are commonly referred to as “junk bonds