Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 114

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 114
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 the date of distribution, and such shareholders shall be entitled to no further participation in any distribution or payment in connection with such liquidation. Each series of the preferred shares will rank on a parity with any other series of preferred shares of a Fund as to the payment of distributions and the distribution of assets upon liquidation, and will be junior to the Fund’s obligations with respect to any outstanding senior securities representing debt. The preferred shares carry one vote per share on all matters on which such shares are entitled to vote. The preferred shares will, upon issuance, be fully paid and nonassessable and will have no preemptive, exchange or conversion rights. Each Fund’s Board of Trustees may by resolution classify or reclassify any authorized but unissued capital shares of its Fund from time to time by setting or changing the preferences, conversion or other rights, voting powers, restrictions, limitations as to distributions or terms or conditions of redemption. Each Fund will not issue any class of shares senior to the preferred shares.

Asset Maintenance Requirements. Each Fund must satisfy asset maintenance requirements under the 1940 Act with respect to any preferred shares it may have outstanding. Dividend Trust has preferred shares outstanding. Under the 1940 Act, such debt or preferred shares may be issued only if immediately after such issuance the value of a Fund’s total assets (less ordinary course liabilities) is at least 300% of the amount of any debt outstanding and at least 200% of the amount of any preferred shares and debt outstanding.

Outstanding Securities

The following information regarding Dividend Trust’s authorized and outstanding shares is as of July 25, 2025.

| Title of Class            |     | Amount     
 Authorized |            |     | Amount      
 Held by     
 Fund or for 
 its Account |   |     | Amount       
 Outstanding  
 Exclusive of 
 Amount Held  
 by Fund      |            |
| Common Shares             |     |            |  Unlimited |     |             | — |     |              | 88,609,789 |
| Series H Preferred Shares |     |            |  2,000,000 |     |             | — |     |              |  1,910,360 |
| Series J Preferred Shares |     |            |      6,116 |     |             | — |     |              |      5,804 |
| Series K Preferred Shares |     |            |  6,000,000 |     |             | — |     |              |  5,403,016 |
| Series M