January 19, 2022: Dividend and Income Fund Releases Updated Fact Sheet

Dividend and Income Fund Releases Updated Fact Sheet
dividendandincomefund.com
Press Release DNIF Stock symbol
DIVIDEND AND INCOME FUND
MILLBROOK, NY – January 19, 2021 – Dividend and Income Fund (Stock Symbol: DNIF) (Net Asset Value Sym- bol: XDNIX) released today its updated fact sheet. Click here or go to www.DividendandIncomeFund.com for
details.
About Dividend and Income Fund Dividend and Income Fund, a diversified closed end management investment company, seeks to achieve its pri- mary objective of high current income and secondary objective of capital appreciation by investing, under nor- mal circumstances, at least 50% of its total assets in income generating equity securities. There is no assurance that the Fund’s investment objectives will be attained.
From time to time, shares of the Fund may trade at a premium to net asset value (NAV) or a discount to NAV. During such periods when the Fund’s NAV per share is above the market price, there may be an opportunity for investors to purchase shares of the Fund at a discount to their underlying value. The Fund’s premium or discount to NAV may vary over time and shares of the Fund may subsequently be worth more or less than their original cost.
To learn more about the Fund visit www.DividendandIncomeFund.com. For Fund shareholder services, please
call the Fund’s transfer agent, American Stock Transfer & Trust Company, at 800-937-5449. Dividend and In- come Fund is part of a fund complex which includes the Midas Funds and Foxby Corp.
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 U.S. Securities and 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 http://dividendandincomefund.com/literature/.
Please read the reports carefully before investing.
Shares of closed end funds frequently trade at a discount from their NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s NAV has decreased in the past, and may decrease in the future, as a result of its investment activities and other events. Neither the Investment Manager nor the Fund can predict whether shares of the Fund will trade at, below, or above NAV. The risk of holding shares of the Fund that might trade at a discount is more pronounced for investors expecting to sell their shares in a relatively short period of time after acquiring them because, for those investors, realization of a gain or loss on their investments is likely to be more dependent upon the existence of a premium or discount than upon portfolio performance. The shares of the Fund are designed primarily for long term investors and should not be considered a vehicle for trading purposes. The NAV of the Fund’s shares typically will fluctuate with price changes of the Fund’s portfolio secu- rities, and these fluctuations are likely to be greater in the case of a fund which uses leverage, as the Fund may from time to time. In the event that shares of the Fund trade at a premium to NAV, there is no assurance that any such premium will be sustained for any period of time and will not decrease, or that the shares of the Fund will not trade at a discount to NAV thereafter. The market price for the Fund is based on supply and demand which fluctuates daily based on many factors, such as economic conditions and global events, investor sentiment, and security-specific factors.
Dividend and Income Fund Releases Updated Fact Sheet
http://www.dividendandincomefund.com https://dividendandincomefund.com/fact-sheet/ https://dividendandincomefund.com/ http://www.DividendandIncomeFund.com http://www.midasfunds.com http://www.foxbycorp.com http://dividendandincomefund.com/literature/
dividendandincomefund.com
Press Release DNIF Stock symbol
DIVIDEND AND INCOME FUND
This communication is provided for informational purposes only. This is not a prospectus, circular, or representa- tion intended for use in the purchase of shares of the Fund or any securities mentioned in this communication. This communication 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.
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
Cautionary Note Regarding Forward Looking Statements. Certain information presented in this release may
contain “forward looking statements” within the meaning of the federal securities laws, including the Private
Securities Litigation Reform Act of 1995. Forward looking statements include, but are not limited to, statements
concerning the Fund’s plans, objectives, goals, strategies, distributions and their amounts and timing, distribution
declarations, future events, future performance, or intentions, and other information that is not historical informa- tion. In some cases, forward looking statements can be identified by terminology such as “believes,” “expects,”
“estimates,” “may,” “will,” “should,” “anticipates” or “intends,” or the negative of such terms or other comparable
terminology, or by discussions of strategy. All forward looking statements by the Fund involve known and un- known 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 Fund
may also make additional forward looking statements from time to time. All such subsequent forward looking
statements, whether written or oral, by the Fund or on its behalf, are also expressly qualified by these cautionary
statements. Investors should carefully consider the risks, uncertainties, and other factors, together with all of the
other information included in the Fund’s filings with the SEC, and similar information. All forward looking state- ments apply only as of the date made. The Fund undertakes no obligation to publicly update or revise forward
looking statements which may be made to reflect events or circumstances after the date made or to reflect the
occurrence of unanticipated events.
Contact: Thomas O’Malley Chief Financial Officer 1-212-785-0900
[e-mail]
www.DividendandIncomeFund.com
http://www.DividendandIncomeFund.com