Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 115

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 115
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 Preferred Shares |     |            | 20,000,000 |     |             | — |     |              | 15,650,000 |

The following information regarding Preferred Trust’s authorized shares is as of July 25, 2025.

| Title of Class   |     | Amount     
 Authorized |           |     | Amount      
 Held by     
 Fund or for 
 its Account |   |     | Amount       
 Outstanding  
 Exclusive of 
 Amount Held  
 by Fund      |   |
| Common Shares    |     |            | Unlimited |     |             | — |     |              | 0 |
| Preferred Shares |     |            | Unlimited |     |             | — |     |              | 0 |

<div align='center'>71

ANTI-TAKEOVER PROVISIONS OF THE FUND ’ S GOVERNING DOCUMENTS</div>

Each Fund presently has provisions in its governing documents which could have the effect of limiting, in each case:

| ● | the ability of other entities or persons to acquire control of the Fund; |

| ● | the Fund’s freedom to engage in certain transactions; or |

| ● | the ability of the Fund’s trustees or shareholders to amend the governing documents or effectuate changes in the Fund’s management. |

These provisions of the governing documents of each Fund may be regarded as “anti-takeover” provisions. The Board of Trustees of each Fund is divided into three classes, each having a term of no more than three years. Each year the term of one class of Trustees expires. Accordingly, only those Trustees in one class may be changed in any one year, and it would require a minimum of two years to change a majority of the Board of Trustees. Such system of electing trustees may have the effect of maintaining the continuity of management and, thus, make it more difficult for the shareholders of the Fund to change the majority of Trustees. See “Management of Dividend Trust and Preferred Trust—Trustees and Officers” in the SAI. A Trustee of a Fund may be removed with cause by a majority of the remaining Trustees and, without cause, by two-thirds of the remaining Trustees or by two-thirds of the votes entitled to be cast for the election of such Trustee.

In addition, the affirmative vote of the holders of 75% of the outstanding voting shares (in addition to any required class votes) applies to mergers into or a sale of all or substantially all of a Fund’s assets, liquidation, conversion of a Fund into an open-end fund