Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 89

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 89
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 and misappropriating assets. In addition, employees and service providers may improperly use or disclose confidential information, which could result in litigation or serious financial harm, including limiting the Funds’ business prospects or future marketing activities. Despite the Investment Adviser’s due diligence efforts, misconduct and intentional misrepresentations may be undetected or not fully comprehended, thereby potentially undermining the Investment Adviser’s due diligence efforts. As a result, no assurances can be given that the due diligence performed by the Investment Adviser will identify or prevent any such misconduct.

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MANAGEMENT OF DIVIDEND TRUST AND Preferred Trust</div>

General

Each Fund’s Board of
Trustees (who, with each Fund’s officers, are described in the SAI) has overall responsibility for the management of its Fund. Each
Board of Trustees decides upon matters of general policy and reviews the actions of the Investment Adviser, Gabelli Funds, LLC, One Corporate
Center, Rye, New York 10580-1422, and the Sub-Administrator (as defined below). Pursuant to an investment advisory agreement (each, an
“Advisory Agreement”) with each Fund, the Investment Adviser, under the supervision of each Fund’s Board of Trustees,
provides a continuous investment program for the Fund’s portfolio; provides investment research and makes and executes recommendations
for the purchase and sale of securities; and provides all facilities and personnel, including officers required for its administrative
management and pays the compensation of all officers and trustees of the Fund who are its affiliates. As compensation for its services
and the related expenses borne by the Investment Adviser, each Fund pays or will pay the Investment Adviser a fee, computed weekly and
payable monthly, equal, on an annual basis, to 1.00% of such Fund’s average weekly net assets, including proceeds attributable to
any outstanding preferred shares, and the outstanding principal amount of any debt securities the proceeds of which were used for investment
purposes.

The Investment Adviser

The Investment Adviser is a New York limited liability company which serves as an investment adviser to registered investment companies with combined aggregate net assets of approximately $21.0 billion as of March 31, 2025. The Investment Adviser is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and is a wholly owned subsidiary of GAMCO Investors, Inc. (“GAMI”). Mr. Gabelli owns a majority of the stock of GGCP,