Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 66

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 66
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valued in the past and might face devaluation in the future. Currency devaluations generally have a significant and adverse impact on the devaluing country’s economy in the short and intermediate term and on the financial condition and results of companies’ operations in that country. Currency devaluations may also be accompanied by significant declines in the values and liquidity of equity and debt securities of affected governmental and private sector entities generally. To the extent that affected companies have obligations denominated in currencies other than the devalued currency, those companies may also have difficulty in meeting those obligations under such circumstances, which in turn could have an adverse effect upon the value of the Fund’s investments in such companies. There can be no assurance that current or future developments with respect to foreign currency devaluations will not impair the Fund’s investment flexibility, its ability to achieve its investment objective or the value of certain of its foreign currency-denominated investments.

| ● | Tax                                                                                                                                       
 Consequences of Foreign Investing. The Fund’s transactions in foreign currencies, foreign currency-denominated debt obligations           
 and certain foreign currency options, futures contracts and forward contracts (and similar instruments) may give rise to ordinary         
 income or loss to the extent such income or loss results from fluctuations in the value of the foreign currency concerned. This treatment 
 could increase or decrease the Fund’s ordinary income distributions to you, and may cause some or all of the Fund’s previously            
 distributed income to be classified as a return of capital. In certain cases, the Fund may make an election to treat gain or loss         
 attributable to certain investments as capital gain or loss.                                                                              |

| ● | EMU                                                                                                                                    
 and Redenomination Risk. As the European debt crisis progressed, the possibility of one or more                                        
 Eurozone countries exiting the EMU, or even the collapse of the euro as a common currency, arose, creating significant volatility      
 at times in currency and financial markets generally. The effects of the collapse of the euro, or of the exit of one or more countries 
 from the European Monetary Union (“EMU”), on the U.S. and global economies and securities markets are impossible to predict            
 and any such events could have a significant adverse impact on the value and risk profile of the Fund’s portfolio. Any partial         
 or complete dissolution of the EMU could have significant adverse effects on currency and financial markets, and on the values of      
 the Fund’s portfolio investments. If one or more EMU countries were to stop using                                                      |

67

The Gabelli Dividend & Income Trust

Additional Fund Information (