Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 175

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 175
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 of responsiveness to shareholders |

| ● | Other mitigating factors |

<div align='center'>Poison Pill</div>

In general, we do not endorse poison pills.

In certain cases where management has a history of being responsive to the needs of shareholders and the stock is very liquid, we will reconsider this position.

| Revised: August 16, 2023 |     | INTERNAL USE ONLY |
|:-------------------------|:----|:------------------|
|                          | B-4 |                   |

<div align='center'>Reincorporation</div>

Generally, we support reincorporation for well-defined business reasons. We oppose reincorporation if proposed solely for the purpose of reincorporating in a state with more stringent anti-takeover statutes that may negatively impact the value of the stock.

<div align='center'>Stock Incentive Plans</div>

Director and Employee Stock incentive plans are an excellent way to attract, hold and motivate directors and employees. However, each incentive plan must be evaluated on its own merits, taking into consideration the following:

| ● | Dilution of voting power or earnings per share by more than 10%. |

| ● | Kind of stock to be awarded, to whom, when and how much. |

| ● | Method of payment. |

| ● | Amount of stock already authorized but not yet issued under existing stock plans. |

| ● | The successful steps taken by management to maximize shareholder value. |

<div align='center'>Supermajority Vote Requirements</div>

Supermajority vote requirements in a company’s charter or bylaws require a level of voting approval in excess of a simple majority of the outstanding shares. In general, we oppose supermajority-voting requirements. Supermajority requirements often exceed the average level of shareholder participation. We support proposals’ approvals by a simple majority of the shares voting.

Reviewed on a case-by-case basis.

<div align='center'>Limit Shareholders Right to Act by Written Consent</div>

Written consent allows shareholders to initiate and carry on a shareholder action without having to wait until the next annual meeting or to call a special meeting. It permits action to be taken by the written consent of the same percentage of the shares that would be required to effect proposed action at a shareholder meeting.

Reviewed on a case-by-case basis.

<div align='center'>“Say-on-Pay” / “Say-When-on-Pay” / “Say-on-Golden-Parachutes”</div>

Required under the Dodd-Frank Act; these proposals are