Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 27

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 27
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 year in which the Transaction occurs. Dividend Trust will notify its shareholders of the tax attributes of the Transaction after the end of the calendar year in which the Transaction occurs.

For a general description of the tax consequences of owning and disposing of Preferred Trust Common Shares, see “Taxation.”

Exchange Listing

Application will be made to list Preferred Trust Common Shares on the NYSE, subject to notice of issuance thereof. 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 two business days prior to the Distribution Record Date.

Transaction Expenses

The costs of organizing Preferred Trust and effecting the distribution of Preferred Trust Common Shares to Dividend Trust’s common shareholders, including the fees and expenses of counsel and accountants and printing, listing and registration fees, are estimated to be approximately $1,100,000 and will be borne by Dividend Trust. In addition, Preferred Trust will incur operating expenses on an ongoing basis, including legal, auditing, transfer agency and custodian expenses that, when aggregated with the fees payable by Dividend Trust for similar services after the distribution, will likely exceed the fees currently payable by Dividend Trust for those services. It is not expected that the Distribution will have a significant effect on the annual expenses of Dividend Trust as a percentage of its net assets.

Manner of Effecting the Distribution

If the Transaction is approved by shareholders of Dividend Trust and all other conditions thereto are satisfied, the Dividend Trust Board is expected to authorize and cause Dividend Trust to declare the Distribution of all the outstanding Preferred Trust Common Shares, payable on the Distribution Date to the holders of record of Dividend Trust Common Shares as of the close of business on the Distribution Record Date. The Distribution Record Date and the Distribution Date will be determined by the Dividend Trust Board promptly following shareholder approval of the Transaction.

Dividend Trust will effect the Distribution on the Distribution Date by providing for the delivery of Preferred Trust Common Shares to the Distribution Agent for distribution to holders of record of Dividend Trust Common Shares as of the close of business on the Distribution Record Date. The Distribution will be made at an approximate rate of one (1) Preferred Trust Common Share for every twenty (20) Dividend Trust Common Shares outstanding on the Distribution Record Date. All such Preferred Trust Common Shares will be fully paid and nonassessable. The holders of Preferred Trust Common Shares will have no preemptive rights to subscribe for additional Preferred Trust Common Shares or other securities of Preferred Trust.