Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 104

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 104
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 companies may be expected to call convertible securities with high coupons and the Fund would have to invest the proceeds from such called issues in securities with lower coupons. Thus, convertible securities with superior call protection will permit the Fund to maintain a higher yield than with issues without call protection.

Small- and Mid-Capitalization Company Risk.In addition to the risks described earlier in this Annual Report, investments in small-and mid-cap company stocks may be subject to the following risks.

| ● | Small-                                                                                                                                    
 and Mid-Cap Stock Risk. Small- and mid-cap company stocks can be more volatile than, and perform differently from, larger company         
 stocks. There may be less trading in a small- or mid-cap company’s stock, which means that buy and sell transactions in that              
 stock could have a larger impact on the stock’s price than is the case with larger company stocks. Small- and mid-cap company             
 stocks may be particularly sensitive to changes in interest rates, borrowing costs and earnings. Small- and mid-cap companies may         
 have fewer business lines; changes in any one line of business, therefore, may have a greater impact on a small- and mid-cap company’s    
 stock price than is the case for a larger company. As a result, the purchase or sale of more than a limited number of shares of a         
 small- and mid-cap company may affect its market price. The Fund may need a considerable amount of time to purchase or sell its positions 
 in these securities. In addition, small- and mid-cap company stocks may not be well known to the investing public.                        |

| ● | Unseasoned                                                                                                                             
 Companies Investment Risk. The Fund may invest in the securities of smaller, less seasoned companies. These investments may present    
 greater opportunities for growth but also involve greater risks than customarily are associated with investments in securities of      
 more established companies. Some of the companies in which the Fund may invest will be start-up companies which may have insubstantial 
 operational or earnings history or may have limited products, markets, financial resources or management depth. Some may also be       
 emerging companies at the research and development stage with no products or technologies to market or approved for marketing. In      
 addition, it is more difficult to get information on smaller companies, which tend to be less well known, have shorter operating       
 histories, do not have significant ownership by large investors and are followed by relatively few securities analysts. Securities     
 of emerging companies may lack an active secondary market and may be subject to more abrupt or erratic price movements than securities