Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 68

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 68
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ed infrastructure and obsolete or unseasoned financial       
 systems; environmental problems; less developed legal systems; and less reliable securities custodial services and settlement practices. 
 Certain emerging markets may also face other significant internal or external risks, including the risk of war and civil unrest.         
 For all of these reasons, investments in emerging markets may be considered speculative.                                                 |

| ● | Frontier                                                                                                                              
 Markets Risk. Frontier countries generally have smaller economies or less developed capital markets than traditional emerging         
 markets, and, as a result, the risks of investing in emerging market countries are magnified in frontier countries. The economies     
 of frontier countries are less correlated to global economic cycles than those of their more developed counterparts and their markets 
 have low trading volumes and the potential for extreme price volatility and illiquidity. This volatility may be further heightened    
 by the actions of a few major investors. For example, a substantial increase or decrease in cash flows of mutual funds investing      
 in these markets could significantly affect local stock prices and, therefore, the net asset value of Fund’s shares. These            
 factors make investing in frontier countries                                                                                          |

68

The Gabelli Dividend & Income Trust

Additional Fund Information (Continued) (Unaudited)

significantly riskier than in other countries and any one of them could cause the net asset value of a fund’s shares to decline.

Governments of many frontier countries in which the Fund may invest may exercise substantial influence over many aspects of the private sector. In some cases, the governments of such frontier countries may own or control certain companies. Accordingly, government actions could have a significant effect on economic conditions in a frontier country and on market conditions, prices and yields of securities in the Fund’s portfolio. Moreover, the economies of frontier countries may be heavily dependent upon international trade and, accordingly, have been and may continue to be, adversely affected by trade barriers, exchange controls, managed adjustments in relative currency values and other protectionist measures imposed or negotiated by the countries with which they trade. These economies also have been and may continue to be adversely affected by economic conditions in the countries with which they trade.

| ● | Eurozone                                                                                                                                 
 Risk. A number of countries in the EU have experienced, and may continue to experience, severe economic and financial difficulties,      
 increasing the risk of investing in the European markets. In particular, many EU nations are susceptible to economic risks associated    
 with high levels of debt, notably due to investments in sovereign debt of countries such as Greece, Italy, Spain, Portugal, and Ireland.