Fund Description: Dividend and Income Fund, formerly known as Dividend & Income Fund, Inc., is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Dividend and Income Fund, Inc. seeks to provide a high level of income. Capital appreciation is a secondary objective. FUND STRATEGY: The Fund seeks to achieve its objectives by investing, under normal circumstances, at least 50% of its total assets in income generating equity securities, including dividend paying common stocks, convertible securities, preferred stocks and other equity-related securities. In addition, the Fund may invest the balance of its total assets in non-convertible debt securities, consisting primarily of corporate bonds. The Fund attempts to minimize individual security risk by diversifying across many industries and asset classes. FUND MANAGEMENT: Bexil Advisers LLC serves as the Investment Manager to the Fund.