Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 156

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 156
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 an annual basis. We will look at this proposal on a case-by-case basis taking into consideration the board’s historical responsiveness to the rights of shareholders.

Where a classified board is in place we will generally not support attempts to change to an annually elected board.

When an annually elected board is in place, we generally will not support attempts to classify the board.

<div align='center'>Increase Authorized Common Stock</div>

The request to increase the amount of outstanding shares is considered on a case-by-case basis.

Factors taken into consideration include:

| ● | Future use of additional shares |

| - | Stock split                                        |
| - | Stock option or other executive compensation plan  |
| - | Finance growth of company/strengthen balance sheet |
| - | Aid in restructuring                               |
| - | Improve credit rating                              |
| - | Implement a poison pill or other takeover defense  |

Amended: November 11, 2024

| ● | Amount of stock currently authorized but not yet issued or reserved for stock option plans |

| ● | Amount of additional stock to be authorized and its dilutive effect |

We will support this proposal if a detailed and verifiable plan for the use of the additional shares is contained in the proxy statement.

<div align='center'>Confidential Ballot</div>

We support the idea that a shareholder’s identity and vote should be treated with confidentiality.

However, we look at this issue on a case-by-case basis.

In order to promote confidentiality in the voting process, we endorse the use of independent Inspectors of Election.

<div align='center'>Cumulative Voting</div>

In general, we support cumulative voting.

Cumulative voting is a process by which a shareholder may multiply the number of directors being elected by the number of shares held on record date and cast the total number for one candidate or allocate the voting among two or more candidates.

Where cumulative voting is in place, we will vote against any proposal to rescind this shareholder right.

Cumulative voting may result in a minority block of stock gaining representation on the board. When a proposal is made to institute cumulative voting, the proposal will be reviewed on a case-by-case basis. While we feel that each board member should represent all shareholders, cumulative voting provides minority shareholders an opportunity to have their views represented.

<div align='center'>Director Liability and Indemnification</div>

We support efforts to attract the best possible directors by limiting the liability and increasing the indemnification of directors, except in the case of insider dealing.

Amended: November 11