Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 20

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 20
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 of the net asset value of each Fund and the asset coverage for any preferred shares or debt outstanding. Each Fund’s use of leverage may require it to sell portfolio investments at inopportune times in order to raise cash to redeem preferred shares or otherwise de-leverage so as to maintain required asset coverage amounts or comply with the mandatory redemption terms of any outstanding preferred shares. The use of leverage magnifies both the favorable and unfavorable effects of price movements in the investments made by the Funds. The Funds cannot assure that borrowings or the issuance of preferred shares or notes will result in a higher yield or return to the holders of the common shares. Also, to the extent each Fund utilizes leverage, a decline in net asset value could affect the ability of the Fund to make common share distributions and such a failure to make distributions could result in the Fund ceasing to qualify as a “regulated investment company” (“RIC”) under Subchapter M of the Code.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

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| Market Discount Risk. Each Fund is a diversified, closed-end management investment company. Whether investors will realize gains or losses upon the sale of additional securities of a Fund will depend upon the market price of the securities at the time of sale, which may be less or more than the Fund’s net asset value per share or the liquidation value of any Fund preferred shares issued. The Funds cannot predict whether any such securities will trade at, below or above net asset value or at, below or above their public offering price or at, below or above their liquidation value, as applicable. For example, common shares of closed-end funds often trade at a discount to their net asset values and the Funds’ common shares may trade at such a discount. The Funds’ securities are designed primarily for long-term investors, and investors in the shares should not view either Fund as a vehicle for trading purposes. 
 Long Term Objective; Not a Complete Investment Program. The Funds are intended for investors seeking long-term growth of capital. The Funds are not meant to provide a vehicle for those who wish to exploit short-term swings in the stock market. An investment in shares of a Fund should not be considered a complete investment program. Each shareholder should take into account their Fund’s investment objective(s) as well as the shareholder’s other investments when considering an investment in the Funds.                                                                                                                                                                                                                                                                                                                                                                                                                                 
 For more detailed descriptions of these and additional risks of investing in the Funds, see “Risk Factors” in the Proxy Statement/Prospectus and “