Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 80

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 80
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 completion of a public offering for such securities. The risk of a market price discount from net asset value is separate and in addition to the risk that net asset value itself may decline. The Funds’ securities are designed primarily for long-term investors, and investors in the shares should not view either Fund as a vehicle for trading purposes.

Long Term Objective; Not a Complete Investment Program.The Funds are intended for investors seeking long-term growth of capital. The Funds are not meant to provide a vehicle for those who wish to exploit short-term swings in the stock market. An investment in shares of a Fund should not be considered a complete investment program. Each shareholder should take into account their Fund’s investment objective(s) as well as the shareholder’s other investments when considering an investment in the Funds.

Management Risk.The Funds are subject to management risk because each is an actively managed portfolio. The Investment Adviser will apply investment techniques and risk analyses in making investment decisions for the Funds, but there can be no guarantee that these will produce the desired results.

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Decision-Making Authority Risk.Investors have no authority to make decisions or to exercise business discretion on behalf of the Funds, except as set forth in each Fund’s governing documents. The authority for all such decisions is generally delegated to the Board, who in turn, has delegated the day-to-day management of the Funds’ investment activities to the Investment Adviser, subject to oversight by the Board.

Dependence on Key Personnel.The Investment Adviser is dependent upon the expertise of Mr. Mario J. Gabelli in providing advisory services with respect to the Funds’ investments. If the Investment Adviser were to lose the services of Mr. Gabelli, its ability to service the Funds could be adversely affected. There can be no assurance that a suitable replacement could be found for Mr. Gabelli in the event of his death, resignation, retirement or inability to act on behalf of the Investment Adviser.

Market Disruption and Geopolitical Risk.The occurrence of events similar to those in recent years, such as localized wars, instability, new and ongoing pandemics, epidemics or outbreaks of infectious diseases in certain parts of the world, natural/environmental disasters in certain parts of the world, terrorist attacks in the United States and around the world, trade or tariff arrangements, social and political discord, debt crises, sovereign debt downgrades, increasingly strained relations between the United States and a number of foreign countries, including traditional allies, historical adversaries and the international community generally, new and continued political unrest in