Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 109

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 109
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 to each Fund’s governing documents. For complete terms of the shares, please refer to the actual terms of such series, which are set forth in the governing documents.

Common Shares

Dividend Trust

Dividend Trust is an unincorporated statutory trust organized under the laws of Delaware pursuant to a Certificate of Trust dated as of August 20, 2003. Dividend Trust is authorized to issue an unlimited number of common shares of beneficial interest, par value $0.001 per share. Though Dividend Trust expects to pay distributions monthly on the common shares, it is not obligated to do so. All common shares are equal as to distributions, assets and voting privileges and have no conversion, preemptive or other subscription rights. The Fund will send annual and semi-annual reports, including financial statements, to all holders of its shares.

Offerings of shares require approval by Dividend Trust’s Board. Any additional offering of common shares will be subject to the requirements of the 1940 Act, which provides that common shares may not be issued at a price below the then current net asset value, exclusive of sales load, except in connection with an offering to existing holders of common shares or with the consent of a majority of the Fund’s outstanding voting securities.

Net Asset Values and Sales Prices. Dividend Trust Common Shares are publicly held and are listed and traded on the NYSE under the symbol “GDV.” The following table sets forth for the periods indicated the high and low sales prices on the NYSE per Dividend Trust Common Share, the NAV per share on the dates of the market highs and lows and the number of shares traded.

| Quarter Ended      
 December 31, 2022  |     | Common Share 
 Market Price 
 High         | 21.93 |     | Low | 18.65 |     | Corresponding 
 Net Asset     
 Value (“NAV”) 
 Per Share     
 High          | 25.41 |     | Low | 21.73 |     | Corresponding   
 Premium or      
 Discount as a % 
 of NAV          
 High            | (13.70 | )% |     | Low | (14.17 | )% |
|:-------------------|:----|:-------------|------:|:----|:----|------:|:----|:--------------|------:|:----|:----|------:|:----|:----------------|:-------|:---|:----|:----|:-------|:---|
| March 31, 202