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Limits on Owning >4.99%
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DNIF

Stock Symbol: DNIF

For pricing data, visit: Morningstar

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News Highlights

Posted on December 9, 2021September 18, 2023 by adminfund

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There is no assurance that the Fund's investment objectives will be attained. Past performance is no guarantee of future results. You should consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. The Fund's investment policies, management fees, and other matters of interest to prospective investors may be found in its filings with the Securities Exchange Commission ("SEC"), including its annual and semi-annual reports. To obtain a copy of the reports, please call us toll-free at 855-411-6432 or download them. Please read the reports carefully before investing.

*As of August 31, 2023, the Fund received a 5 star Morningstar Rating for the 3 and 10 year periods, and overall, and a 4 star Morningstar Rating for the 5 year period. Neither the Fund nor the Adviser provided any compensation directly or indirectly in connection with obtaining or using the third party rating. The Fund’s Morningstar Ratings are subject to change without notice and can be viewed at https://www.morningstar.com/cefs/pinx/dnif/quote. A purely quantitative, backward-looking measure of a fund’s past performance, measured from one to five stars, a Morningstar Rating is viewed by Morningstar as helpful to investors in assessing a fund’s track record relative to its peers and intended for use as the first step in the fund evaluation process. Past performance is no guarantee of future results. Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. The Fund’s investment policies, management fees, and other matters of interest to prospective investors may be found in its filings with the Securities Exchange Commission (“SEC”), including its annual and semi-annual reports. To obtain a copy of the reports, please call us toll free at 855-411-6432 or download them at https://dividendandincomefund.com/literature/. Please read the reports carefully before investing.

The Morningstar Rating is provided by Morningstar, Inc. Although the Fund believes the data gathered from these third party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. The Fund is not responsible for any damages or losses arising from any use of this third party information.

The Morningstar Rating for funds, or “star rating”, is calculated for funds with at least a three year history. (Exchange-traded funds and open-end mutual funds are considered a single population for comparative purposes.) It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a fund’s monthly excess performance (excluding the effect of sales charges, if any), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each fund category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

Shares of closed end funds frequently trade at a discount from their net asset value ("NAV"). This characteristic is a risk separate and distinct from the risk that the Fund's NAV has decreased in the past, and therefore may decrease in the future, as a result of its investment activities and other events. Neither the Fund nor its investment manager can predict whether shares of the Fund will trade at, below or above NAV.

Our views and opinions regarding the prospects of our portfolio holdings, the Fund, and the economy are "forward looking statements" as defined under the U.S. federal securities laws which may or may not be accurate and may be materially different over future periods. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," "may," "should," "plan," or the negative of such terms and similar expressions identify forward looking statements, which generally are not historical in nature. Forward looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund’s historical experience and its current expectations or projections indicated in any forward looking statements. These risks include, but are not limited to, equity securities risk, corporate bonds risk, credit risk, interest rate risk, leverage and borrowing risk, additional risks of certain securities in which the Fund invests, market discount from NAV, distribution policy risk, management risk, and other risks discussed in the Fund's filings with the SEC. We disclaim any obligation to update or alter any forward looking statements, whether as a result of new information, future events, or otherwise. Thus you should not place undue reliance on forward looking statements, which speak only as of the date they are made.

This website is provided for informational purposes only. This is not a prospectus, circular, or representation intended for use in the purchase of shares of the Fund or any securities mentioned in this communication. This information presented on this website shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, or an exemption therefrom. The contents herein are qualified in their entirety by documents filed with the Securities and Exchange Commission.

Investment products, including shares of closed end funds and mutual funds, are not federally or FDIC insured, are not deposits or obligations of, or guaranteed by, any financial institution and involve investment risk, including possible loss of principal and fluctuation in value. Consult with your tax advisor or attorney regarding specific tax issues.

Certain data may have been gathered from third-party sources. Although the Fund believes the data gathered from these third-party sources is reliable, it does not review such information and cannot warrant it to be accurate, complete or timely. The Fund is not responsible for any damages or losses arising from any use of this third-party information.

Dividend and Income Fund is part of a fund complex which includes the Midas Funds and Foxby Corp.

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