Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 91

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 91
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 income tax purposes. While the Fund intends to redeem its preferred shares or notes to the extent necessary to enable the Fund to distribute its income as required to maintain its qualification as a RIC under the Code, there can be no assurance that such actions can be effected in time to meet the Code requirements.

| ● | Portfolio                                                                                                                           
 Guidelines of Rating Agencies for Preferred Shares and/or Credit Facility. In order to obtain and maintain attractive credit        
 quality ratings for preferred shares or notes, the Fund must comply with investment quality, diversification and other guidelines   
 established by the relevant rating agencies. These guidelines could affect portfolio decisions and may be more stringent than those 
 imposed by the 1940 Act. In the event that a rating on the Fund’s preferred shares or notes is lowered or withdrawn by the          
 relevant rating agency, the Fund may also be required to redeem all or part of its outstanding preferred shares or notes, and the   
 common shares of the Fund will lose the potential benefits associated with a leveraged capital structure.                           |

| ● | Impact                                                                                     
 on Common Shares. Assuming that leverage will (1) be equal in amount to approximately      
 16% of the Fund’s total net assets (the Fund’s amount of outstanding financial             
 leverage as of December 31, 2024), and (2) charge interest or involve dividend payments at 
 a projected blended annual average leverage dividend or interest rate of 4.61%, then the   
 total return generated by the Fund’s portfolio (net of estimated expenses) must exceed     
 approximately 0.73% of the Fund’s total net assets in order to cover such interest         
 or dividend payments and other expenses specifically related to leverage.                  |

84

The Gabelli Dividend & Income Trust

Additional Fund Information (Continued) (Unaudited)

Of course, these numbers are merely estimates, used for illustration. Actual dividend rates, interest or payment rates may vary frequently and may be significantly higher or lower than the rate estimated above. The following table is furnished in response to requirements of the SEC. It is designed to illustrate the effect of leverage on common share total return, assuming investment portfolio total returns (comprised of net investment income of the Fund, realized gains or losses of the Fund and changes in the value of the securities held in the Fund’s portfolio) of -10%, -5%, 0%, 5% and 10%. These assumed investment portfolio returns are hypothetical figures and are not necessarily indicative of the investment portfolio returns experienced or expected to be experienced by the Fund