Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 79

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 79
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 |     |    10 | % |
| Corresponding Return to Common Shareholder (Dividend Trust)  |     | (13.04 | )% |     | (7.07 | )% |     | (1.09 | )% |     | 4.88 | % |     | 10.86 | % |
| Corresponding Return to Common Shareholder (Preferred Trust) |     | (13.13 | )% |     | (7.13 | )% |     | (1.13 | )% |     | 4.87 | % |     | 10.87 | % |

Common share total return is
composed of two elements—the common share distributions paid by a Fund (the amount of which is largely determined by the taxable
income of the Fund (including realized gains or losses) after paying interest on any debt and/or dividends on any preferred shares) and
unrealized gains or losses on the value of the securities a Fund owns. As required by SEC rules, the table assumes that a Fund is more
likely to suffer capital losses than to enjoy total return. For example, to assume a total return of 0% each Fund must assume that the
income it receives on its investments is entirely offset by expenses and losses in the value of those investments.

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. Since the market price of any additional securities the Funds may issue will be affected by such factors as the applicable Fund’s dividend and distribution levels (which are in turn affected by expenses), dividend and distribution stability, net asset value, market liquidity, the relative demand for and supply of such securities in the market, general market and economic conditions and other factors beyond the control of the Funds, we 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. This risk may be greater for investors expecting to sell their securities of a Fund soon after the