Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 9

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 9
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The primary investment objective of Preferred Trust is current income, with a secondary objective of capital appreciation. Under normal market conditions, Preferred Trust will invest at least 80% of its net asset plus borrowings for investment purposes in preferred securities.

Each of Dividend Trust and Preferred Trust is a diversified investment company. Pursuant to the Investment Company Act of 1940 (the “1940 Act”), each fund is required to maintain certain diversification requirements.

Shares of closed-end funds often trade at a discount to net asset value. Dividend Trust cannot predict whether Preferred Trust Common Shares will trade at, below or above net asset value and the risk that Preferred Trust Common Shares will trade below net asset value may be greater than the risk that Dividend Trust Common Shares will trade below net asset value. Shareholders must bear the risk of loss created by the possibility that Preferred Trust Common Shares may trade at a discount to net asset value.

This Proxy Statement/Prospectus sets forth concisely the information shareholders of Dividend Trust should know before voting on the Transaction and constitutes an offering of Preferred Trust Common Shares only. Please read it carefully and retain it for future reference.

Application will be made to list Preferred Trust Common Shares on the New York Stock Exchange (“NYSE”). Although there is no current trading market for Preferred Trust Common Shares, it is expected that “when issued” trading of such shares will commence on the NYSE three business days prior to the record date set by the Board of Dividend Trust (the “Dividend Trust Board”) for the distribution of Preferred Trust Common Shares. If a Dividend Trust common shareholder sells Preferred Trust Common Shares that it receives through the distribution, the shareholder may incur brokerage commissions and the sale may constitute a taxable event for the shareholder. After Preferred Trust Common Shares are listed on the NYSE, reports, proxy statements and other information concerning Preferred Trust and filed with the Securities and Exchange Commission (the “Commission”) by Preferred Trust will be available for inspection at the NYSE, 18 Broad Street, New York, New York 10005.

Dividend Trust Common Shares are listed on the NYSE and trade under the symbol “GDV.” Reports, proxy statements and other information concerning Dividend Trust and filed with the Commission by Dividend Trust will be available for inspection at the NYSE, 18 Broad Street, New York, New York 10005.

The Statement of Additional Information dated [ date], relating to this Proxy Statement/Prospectus (the “Statement of Additional Information” or “SAI”), is