Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 119

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 119
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 required to change a fundamental policy. Except as otherwise noted, all percentage limitations set forth below apply immediately after a purchase or initial investment and any subsequent change in any applicable percentage resulting from market fluctuations does not require any action. The Fund may not:

| ● | invest                                                                                                                                  
 more than 25% of its total assets, taken at market value at the time of each investment, in the securities of issuers in any particular 
 industry. This restriction does not apply to investments in U.S. government securities;                                                 |

| ● | purchase                                                                                                                 
 commodities or commodity contracts if such purchase would result in regulation of the Fund as a commodity pool operator; |

| ● | make loans of money or other                                                                                                     
 property, except that (i) the Fund may acquire debt obligations of any type (including through extensions of credit), enter into 
 repurchase agreements and lend portfolio assets and (ii) the Fund may lend money or other property to other investment companies 
 advised by the Investment Adviser pursuant to a common lending program to the extent permitted by applicable law;                |

| ● | borrow                                                   
 money, except to the extent permitted by applicable law; |

| ● | issue                                                                   
 senior securities, except to the extent permitted by applicable law; or |

| ● | underwrite                                                                                                                                 
 securities of other issuers, except insofar as the Fund may be deemed an underwriter under applicable law in selling portfolio securities; 
 provided, however, this restriction shall not apply to securities of any investment company organized by the Fund that are to be           
 distributed pro rata as a dividend to its shareholders.                                                                                    |

The Fund may become subject to rating agency guidelines that are more limiting than its current investment restrictions in order to obtain and maintain a desired rating on its preferred shares, if any. Neither the Fund’s investment objective nor, except as expressly stated above or elsewhere in the Fund’s prospectus or Statement of Additional Information, any of its policies are fundamental, and each may be modified by the Board without shareholder approval.

With respect to investment restriction (2), the Fund may only sell commodities or commodity contracts to the extent consistent with maintaining its or the Investment Adviser’s exclusion from “commodity pool operator” status under CFTC Rule 4.5. See “Investment Policies—Additional Risks Relating to Derivative Investments— Limitations on the Purchase and Sale of Futures Contracts and Options on Futures Contracts."

With respect to investment restriction (5), the 1940 Act permits the Fund to borrow money in amounts of up to one