Bexil Advisers LLC, the investment manager of Dividend and Income Fund announced that Tom Winmill will assume sole portfolio management responsibility for the fund effective March 1, 2014. Mr. Winmill currently serves as President, Chief Executive Officer, and a Trustee or Director of the fund, Foxby Corp., and Midas Series Trust. He is President, Chief Executive Officer, and General Counsel of the investment manager and Midas Management Corporation, Bexil Securities LLC and Midas Securities Group Inc. which are broker-dealers, Bexil Corporation, and Winmill & Co.

Incorporated. He is a Director and Vice President of Self Storage Group Inc., a Director of Bexil American Mortgage Inc. and Castle Mortgage Corporation, and Vice President of Tuxis Corporation. He is Chairman of the Investment Policy Committee of each of the Advisers, which currently manage the fund, Foxby Corp., Midas Magic, and Midas Perpetual Portfolio, and he is the portfolio manager of Midas Fund.