Company: GDV-PK
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002931
Chunk: 28

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 28
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 of acquisitions may be exempted by the
Fund’s

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Board of Trustees,
either in advance or retroactively, but other aspects of the DSTA Control Share Statute, which are summarized above, would continue to
apply. The DSTA Control Share Statute further provides that the Board of Trustees is under no obligation to grant any such exemptions.

The Board of Trustees has considered
the DSTA Control Share Statute. The Board of Trustees has adopted resolutions exempting from the application of the DSTA Control Share
Statute acquisitions of preferred shares of beneficial interest of the Fund directly from the Fund or the Fund’s distributor, underwriter,
placement agent or selling agent, as applicable. As of the date hereof, the Board of Trustees has not received notice of the occurrence
of any other control share acquisition nor has been requested to exempt any other acquisition. Therefore, the Board of Trustees has not
determined whether the application of the DSTA Control Share Statute to any other acquisition of Fund shares is in the best interest
of the Fund and its shareholders and has not exempted, and has no present intention to exempt, any other acquisition or class of acquisitions.

If the Board of Trustees receives
a notice of a control share acquisition and/or a request to exempt any acquisition, it will consider whether the application of the DSTA
Control Share Statute or the granting of such an exemption would be in the best interest of the Fund and its shareholders. The Fund should
not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term investors.

The foregoing is only a summary
of the material terms of the DSTA Control Share Statute. Shareholders should consult their own counsel with respect to the application
of the DSTA Control Share Statute to any particular circumstance. Some uncertainty around the general application under the 1940 Act
of state control share statutes exists as a result of recent federal and state court decisions that have found that control share bylaws
and the opting into state control share statutes violated the 1940 Act. The Board of Trustees has considered the DSTA Control Share Statute
and the uncertainty around the general application under the 1940 Act of state control share statutes and enforcement of state control
share statutes. The Board of Trustees intends to continue to monitor developments relating to the DSTA Control Share Statutes and state
control share statutes generally. Additionally, in some circumstances uncertainty may also exist in how to enforce the control share
restrictions contained