NEW YORK, NY--(Marketwired - Nov 2, 2015) - Dividend and Income Fund (
Of the 2.9 million shares offered, approximately 1.8 million shares were subscribed for. Shares will be issued promptly after completion and receipt of all shareholder payments, expected to occur on or about November 6, 2015.
The Fund is a non-diversified, closed end investment company. The Fund's primary investment objective is to seek high current income. Capital appreciation is a secondary objective. Bexil Advisers LLC is the Fund's investment manager.
Investors should consider the Fund's investment objectives, strategies, risks, and expenses carefully before investing. This information, and other information concerning the Fund, can be found on file with the U.S. Securities and Exchange Commission and www.dividendandincomefund.com, and should be read carefully before investing. This communication is not an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale is not permitted.
Safe Harbor Note
This release contains certain "forward looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Fund, which may cause the Fund's actual results to be materially different from those expressed or implied by such statements. The forward looking statements made herein are only made as of the date of this announcement, and the Fund undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.
Contact Information:
Contact:
AST Fund Solutions, the Fund's information agent
Toll free at 1-866-745-0268
Thomas O'Malley
Chief Financial Officer
1-212-785-0900, ext. 267