Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 12

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 12
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 of proxies by mail, officers of Dividend Trust or other representatives of Dividend Trust may also solicit proxies by telephone, telegraph, Internet or in person. In addition, Dividend Trust has retained Sodali & Co. to assist in the solicitation of proxies for a minimum fee of $10,000 plus reimbursement of expenses. The costs of solicitation and the expenses incurred in connection with preparing the Proxy Statement/Prospectus and its enclosures will be paid by Dividend Trust. Dividend Trust will reimburse brokerage firms and others for their expenses in forwarding solicitation materials to the beneficial owners of its shares.

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PROXY STATEMENT/PROSPECTUS SUMMARY</div>

The following summary is qualified in its entirety by the more detailed information included elsewhere in this Proxy Statement/Prospectus.

| The Transaction                                |     | The Board of Dividend Trust has approved, subject to shareholder approval, the contribution of a portion of Dividend Trust’s assets (which is anticipated to consist largely or exclusively of cash, preferred securities, and other income producing securities) having a value of approximately $100 million (approximately 4% of Dividend Trust’s net assets attributable to Dividend Trust Common Shares as of July 25, 2025) to Preferred Trust, a newly formed investment company organized as an unincorporated statutory trust under the laws of the State of Delaware and wholly-owned by Dividend Trust. All of Preferred Trust Common Shares will then be distributed by Dividend Trust as a dividend to its common shareholders at a rate of one (1) Preferred Trust Common Share for every twenty (20) Dividend Trust Common Shares. The contribution of such Dividend Trust assets to Preferred Trust and the subsequent distribution of Preferred Trust Common Shares to Dividend Trust common shareholders are referred to herein as the “Transaction.” 
 The aggregate net asset value of Dividend Trust Common Shares held by a shareholder immediately prior to the Transaction will decrease by the net asset value of Preferred Trust Common Shares that such shareholder receives in the Transaction and the amount of any cash received in lieu of fractional shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
 Each of Dividend Trust and Preferred Trust are referred to herein as a “Fund,” and together as the “Funds.”                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Preferred Trust                                |     | A newly formed investment company organized as an unincorporated statutory trust under the laws of the State of Delaware by Dividend Trust and registered under the Investment Company Act of 1940,