Company: GDV-PK
Filing Date: 2025-08-11
Form Type: 40-APP
Source: 0001829126-25-006051
Chunk: 17

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-11
Form: 40-APP
Chunk 17
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 Transaction, the primary distinction between Dividend Trust and Preferred Trust is that Dividend Trust invests at least 80% of its assets in dividend paying securities (such as common and preferred stock) or other income producing securities, whereas Preferred Trust will invest at least 80% of its net assets plus borrowings for investment purposes in a portfolio of preferred securities and other income securities issued by U.S. and non-U.S. companies. Whereas Dividend Trust will not invest more than 35% exposure of its total assets in non-U.S. securities, Preferred Trust may invest up to 100% of its total assets in the securities of non-U.S. issuers.

None of the four Gabelli Funds transactions requested an exemption from Section 12(d)(1) of the 1940 Act pursuant to Section 12(d)(1)(J), because each Gabelli Funds transaction relied on a no-action letter granted to Gabelli Equity Trust on April 1, 1994, from the Office of Chief Counsel of the Commission’s Division of Investment Management stating that it would not recommend enforcement action to the Commission under Section 12(d)(1)(A) if the Equity Trust proceeded with the transaction described therein (the “Gabelli Letter”). By the Gabelli Letter’s terms, the Gabelli Letter can be relied upon by the Applicants in the Transaction.

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| VI. | Procedural Matters |

Pursuant to Rule 0-2(f) under the 1940 Act, Applicants state that their addresses are as indicated on the cover page of this Application. Applicants further state that all written or oral communications concerning this Application should be directed to:

Kevin T. Hardy
Skadden, Arps, Slate, Meagher & Flom LLP
320 South Canal Street
Chicago, Illinois 60606
(312) 407-0641

Applicants desire the Commission to issue an order pursuant to Rule 0-5 under the 1940 Act without conducting a hearing.

Pursuant to Rule 0-2(c)(1) under the 1940 Act, each of Dividend Trust, Preferred Trust, and the Adviser states that under the provisions of its Declaration of Trust and By-Laws or similar documents, responsibility for the management of its affairs and business is vested in its Board. Each of Dividend Trust, Preferred Trust and the Adviser represents that the person who signed this Application has been authorized to sign and file this Application in its name and on its behalf