Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 149

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 149
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., and Salvatore M. Salibello (Chairman), who are not “interested persons” of Dividend Trust as defined in the 1940 Act, serve on Dividend Trust’s Audit Committee. Salvatore J. Zizza, Frank J. Fahrenkopf, Jr., and Salvatore M. Salibello (Chairman), who are not “interested persons” of Preferred Trust as defined in the 1940 Act, serve on Preferred Trust’s Audit Committee. Each Audit Committee is generally responsible for reviewing and evaluating issues related to the accounting and financial reporting policies and internal controls of its Fund and, as appropriate, the internal controls of certain service providers, overseeing the quality and objectivity of its Fund’s financial statements and the audit thereof and to act as a liaison between the Board of Trustees and its Fund’s independent registered public accounting firm. Dividend Trust’s Audit Committee met two times during the 2024 fiscal year.

Each Fund also has an ad hoc Proxy Voting Committee, which, if so determined by such Fund’s Board of Trustees, is authorized to exercise voting power and/or dispositive power over specific securities held in such Fund’s portfolio for such period as such Fund’s Board of Trustees may determine. The Trustees serving on the Proxy Voting Committee for Dividend Trust are James P. Conn Elizabeth C. Bogan, and Salvatore J. Zizza. The Trustees serving on the Proxy Voting Committee for Preferred Trust are James P. Conn, Elizabeth C. Bogan, and Salvatore J. Zizza.

Remuneration of Trustees and Officers

Dividend Trust

Dividend Trust pays each Trustee who is not affiliated with the Investment Adviser or its affiliates, and certain Interested Trustees, a fee of $18,000 per year plus $2,000 per Board meeting attended and $1,000 per standing Committee meeting attended. Each Trustee who is not employed by the Investment Adviser is reimbursed by Dividend Trust for any out-of-pocket expenses relating to attendance at such meetings. In addition, the lead independent trustee receives an annual fee of $2,000 the Audit Committee Chairman receives an annual fee of $3,000 and the Nominating Committee Chairman receives an annual fee of $2,000. A trustee may receive a single meeting fee, allocated among the participating funds, for participation in certain meetings on behalf of multiple funds.

The following table shows the compensation that the Trustees earned in their capacity as Trustees during the year ended December 31, 2024. The table also shows, for