Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 1

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 1
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LESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WE ENCOURAGE YOU TO VOTE YOUR PROXY IN ADVANCE OF THE MEETING, EVEN IF YOU PLAN TO ATTEND THE MEETING. SHAREHOLDERS MAY AUTHORIZE THEIR PROXY BY TELEPHONE OR THE INTERNET. ALTERNATIVELY, SHAREHOLDERS MAY SUBMIT VOTING INSTRUCTIONS BY SIGNING AND DATING THE PROXY CARD AND RETURNING IT IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE.

<div align='center'>QUESTIONS & ANSWERS</div>

We recommend that you read the complete Proxy Statement/Prospectus. For your convenience, we have provided a brief overview of the issue to be voted on.

Q: Why is a shareholder meeting being held?

A: You are being asked to consider and vote upon a proposal to contribute a portion of the assets of The Gabelli Dividend & Income Trust, a Delaware statutory trust (“Dividend Trust”) (such contributed assets are anticipated to consist largely or exclusively of cash, preferred securities, and other income producing securities) to a newly-organized, diversified, closed-end management investment company, The Gabelli Preferred & Income Trust, a Delaware statutory trust (“Preferred Trust”), and to distribute common shares of Preferred Trust as a dividend to common shareholders of Dividend Trust equal to approximately $100 million of Dividend Trust’s assets. The contribution of such Dividend Trust assets to Preferred Trust and the subsequent distribution of Preferred Trust’s common shares to Dividend Trust common shareholders are referred to as the “Transaction.” If the proposed Transaction is approved and completed, Dividend Trust common shareholders will become common shareholders of Preferred Trust and will also remain common shareholders of Dividend Trust. Please refer to the Proxy Statement/Prospectus for a detailed explanation of the proposed Transaction and more complete description of Preferred Trust.

Q: How does the Board of Trustees suggest that I vote?

A: After careful consideration, the Board of Trustees of Dividend Trust (the “Dividend Trust Board”) has determined that the proposed Transaction will benefit the common shareholders of Dividend Trust, and unanimously recommends that you cast your vote “FOR” the proposed Transaction.

Q: How will the Transaction affect Dividend Trust shareholders?

A: If shareholders of Dividend Trust approve the proposed Transaction, approximately $100 million of Dividend Trust’s assets will be contributed to Preferred Trust, and Dividend Trust will distribute as a dividend to its common shareholders approximately $100 million of common shares of Preferred Trust. Hold