Dividend and Income Fund Declares Quarterly Dividend

Dividend and Income Fund (NYSE:DNI) (NAV:XDNIX) have declared a quarterly dividend distribution of $0.25 per share, payable December 29, 2016 to shareholders of record as of December 15, 2016.
As quoted in the press release:

The quarterly dividend distribution reflects the Fund’s current distribution policy to provide shareholders with a relatively stable cash flow and to attempt to reduce or eliminate the Fund’s market price discount to its net asset value per share. The policy may be changed or discontinued without notice. The distributions are paid from net investment income and any net capital gains, with the balance representing return of capital.
This notice discloses information on the sources of the distribution as required by Section 19(a) of the Investment Company Act of 1940, as amended. As of the date of this press release and based on the Fund’s results and estimates for the current quarter, the current distribution of $0.25 per share would include approximately 22%, 0%, and 78% from net investment income, capital gains, and return of capital, respectively. If, for any distribution, the sum of previously undistributed net investment income and net realized capital gains is less than the amount of the distribution, the difference is treated as a return of capital (tax-free for a shareholder up to the amount of its tax basis in its shares of the Fund). The amount treated as a tax-free return of capital will reduce a shareholder’s adjusted basis in its shares, thereby increasing the shareholder’s potential gain or reducing its potential loss on the subsequent sale of those shares.

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