Company: GDV-PK
Filing Date: 2025-08-11
Form Type: 40-APP
Source: 0001829126-25-006051
Chunk: 2

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-11
Form: 40-APP
Chunk 2
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. As of July 25, 2025, none of the trustees (the “Trustees”) or officers of Dividend Trust beneficially
owned, individually or as a group, in excess of 1% of the Dividend Trust Common Shares. As of July 25, 2025, Mario J. Gabelli and his
affiliates owned approximately 47.6% of the outstanding preferred shares of beneficial interest of Dividend Trust Common Shares.

Preferred Trust was formed on May 12, 2025 and filed a notification of registration on Form N-8A on August 8, 2025 to register under the 1940 Act as a diversified, closed-end management investment company. Preferred Trust filed a registration statement under the Securities Act of 1933 (the “1933 Act”) on Form N-14 on August 8, 2025 (“Proxy Statement/Prospectus”). Preferred Trust also will file a registration statement on Form N-2 pursuant to Rule 8b-5 within 90 days after the filing of the Form N-8A. The Agreement and Declaration of Trust of Preferred Trust authorizes Preferred Trust to issue an unlimited number of shares of beneficial interest.

Prior to the effectiveness of the Proxy Statement/Prospectus under the 1933 Act, Dividend Trust will purchase Preferred Trust Common Shares in consideration of Dividend Trust’s contribution to Preferred Trust of at least $100,000 initial net asset value (the “Seed Capital Shares”), in order to satisfy the requirements of Section 14(a) of the 1940 Act. It is intended that the Seed Capital Shares will be included in the distribution of Preferred Trust Common Shares to the holders of Dividend Trust Common Shares and accordingly will be sold pursuant to a registration statement under the 1933 Act. Dividend Trust and Preferred Trust have the same President and Treasurer. All of the thirteen trustees (the “Trustees”) on the board of Trustees of Dividend Trust are also Trustees of the thirteen-member board of Trustees of Preferred Trust (each such governing body, a “Board” and together, the “Boards”). Ten of the thirteen, or approximately 77%, of each Fund’s Board are Trustees who are not “interested persons” as defined by Section 2(a)(19) of the 1940 Act (the “Independent Trustees”).

The primary investment objective of Preferred Trust is current income. Preferred Trust’s secondary objective is capital appreciation. Under normal market conditions, Preferred Trust will invest at least 80