Frequently Asked Questions
Answers to your Frequently Asked Questions (FAQ)
1. How do I invest in Dividend and Income Fund?
2. What features does Dividend and Income Fund make available to its shareholders?
3. Who manages the Fund's investments?
4. Do the Fund's shares trade at a discount or premium? How do I find out which and by how much?
5. Can my dividends be sent directly to my bank account?
6. Who do I notify of an address change?
7. If I want to give shares to children, grandchildren, or a charity, for example, how do I do it?
8. How do I replace a lost certificate(s) or correct a spelling error on my certificate?
9. What is Dividend and Income Fund’s CUSIP number and its ISIN number?
1. How do I invest in Dividend and Income Fund?
Dividend and Income Fund's common stock is listed on the New York Stock Exchange. The stock's ticker symbol is "DNI" and shares may be bought and sold through brokerage firms. Your broker will be able to assist you. For information on reinvesting your DNI dividend distributions automatically and without charge, call toll-free 1-800-937-5449.
Among the features that Dividend and Income Fund offers to its shareholders are:
- Liquidity - shares are traded on the New York Stock Exchange.
- Experienced portfolio managers.
- Broadly invested - The Fund seeks to achieve its objectives by investing, under normal circumstances, at least 50% of its total assets in income generating equity securities, including dividend paying common stocks, convertible securities, preferred stocks and other equity-related securities. In addition, the Fund may invest in non-convertible debt securities, consisting primarily of corporate bonds. The Fund attempts to minimize individual security risk by diversifying across many industries and asset classes.
- Regular dividend payments - dividends have been paid every year since the Fund was founded.
- Conservative investment philosophy.
- The ability of shareholders to reinvest dividend distributions automatically and without charge.
The Fund is managed by Bexil Advisers LLC, a subsidiary of Bexil Corporation, whose affiliates are engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds, closed end funds, and through proprietary securities trading. 4. Do Dividend and Income Fund's shares trade at a discount or premium? How do I find out which and by how much?
Many websites provide this information. Each site compares the NAV at the close of the most recent business day to that day's closing market price of DNI shares, and shows the amount of the discount or premium.
DNI's daily trading is also shown in the stock tables of some daily newspapers, usually in an abbreviated form such as "DNI". Local newspapers determine securities to list, usually by volume. If your paper does not carry our listing, please visit www.dividendandincomefund.com.
5. Can my dividends be sent directly to my bank account?Yes, the Transfer Agent will send your dividends to your bank account upon request. To obtain the appropriate form, please call the Transfer Agent toll-free at 1-800-937-5449.
6. Who do I notify of an address change?
The Transfer Agent, American Stock Transfer & Trust Company, LLC, 6201 15th Avenue, Brooklyn, NY 11219. Be sure to call the Transfer Agent, 1-800-937-5449 for complete instructions, that may require a signature guarantee, which can be obtained from a bank or registered securities dealer.
7. If I want to give shares to children, grandchildren, or a charity, for example, how do I do it?
Call or write to the Transfer Agent stating your gift plans and the Agent will send you the instructions and necessary forms to make the transfer. A charity will normally supply forms.
8. How do I replace a lost certificate(s) or correct a spelling error on my certificate?
The Fund no longer issues stock certificates. The transfer agent will create an account for the stockholder with the shares held in book entry form.
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9. What is Dividend and Income Fund’s CUSIP number and its ISIN number?
CUSIP number: 25538A 105
ISIN number: US25538A1051