Dividend and Income Fd Stock Price, News & Analysis
xdnix
Company Description
Dividend and Income Fund, Inc. (XDNIX) is a closed-end fund with the primary objective of seeking high current income with secondary capital appreciation. The Fund anticipates quarterly distributions of $0.25 per share for 2024, emphasizing a stable cash flow per share. Investment primarily includes income-generating equity securities, providing opportunities to purchase shares at a discount to their underlying value. The Fund's premium or discount to NAV may vary, emphasizing a long-term investment approach. Shareholders should consider the Fund's investment policies, risks, and expenses before investing.
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SEC Filings
No SEC filings available for Dividend and Income Fd.
Financial Highlights
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Frequently Asked Questions
What is Dividend and Income Fund, Inc. (XDNIX)?
Dividend and Income Fund, Inc. (XDNIX) is a closed-end fund focused on seeking high current income with secondary capital appreciation through income-generating equity securities.
What are the anticipated quarterly distributions for 2024?
The Fund anticipates quarterly distributions of $0.25 per share for each quarter of 2024.
What is the primary investment objective of the Fund?
The primary investment objective of the Fund is to provide shareholders with a stable cash flow per share.
How does the Fund provide opportunities for investors?
Shares of the Fund may trade at a premium or a discount to NAV, creating opportunities for investors to purchase shares at a discount to their underlying value.
What are the risks associated with holding shares of the Fund?
One of the risks associated with holding shares of the Fund is that they may trade at a discount, which is separate from NAV decreases due to investment activities.
What should shareholders consider before investing?
Shareholders should carefully consider the Fund's investment policies, risks, charges, and expenses before making an investment decision.
How can shareholders obtain additional information about the Fund?
Shareholders can obtain additional information about the Fund by visiting its website at www.DividendandIncomeFund.com or by contacting the Fund's transfer agent at 800-937-5449.
Is the Fund part of a larger fund complex?
Yes, Dividend and Income Fund is part of a fund complex that includes the Midas Funds and Foxby Corp.
What is the tax treatment of return of capital distributions?
A return of capital distribution is not taxable as income but reduces the tax basis of the shareholder's Fund shares, potentially impacting gains or losses upon sale.
What is the Fund's approach to reducing market price discount to NAV?
The Fund's current distribution policy is aimed at providing shareholders with a relatively stable cash flow per share, but there is no guarantee that it will reduce or eliminate the Fund's market price discount to its NAV per share.