Dividend & Income Fund: directors' dealings · United States · SEC (Form 4)

About Dividend & Income Fund

Dividend & Income Fund is a U.S.-based listed investment vehicle that historically operated as a closed-end fund focused primarily on current income generation and, secondarily, capital appreciation. SEC filings show that the fund was organized as a Delaware statutory trust and listed on the NYSE under the ticker DNI; however, the fund changed its name in 2024 to Bexil Investment Trust and its symbol to BXSY. For SEO purposes, it is best described as an American dividend-oriented closed-end investment fund rather than an operating company in the industrial or commercial sense. The country is the United States, and it belongs to the broader NYSE/NASDAQ-listed U.S. equity market ecosystem, even though its specific listing history has evolved over time. From a business standpoint, the fund’s mandate was to seek a high level of current income through a diversified portfolio of dividend-paying equities, equity-related securities, and other income-producing instruments. SEC disclosures indicate that the fund was managed by Bexil Advisers LLC, within a broader financial-services group that also includes Bexil Corporation and related affiliates. Its investment style was income-centric, with portfolio construction designed to balance yield, diversification, and the structural characteristics of a closed-end fund, including the possibility that shares trade at a premium or discount to net asset value. Competitively, Dividend & Income Fund operated in a crowded U.S. closed-end fund universe where differentiation depends on portfolio quality, distribution consistency, governance, and investor confidence in the manager’s capital-allocation discipline. For investors, the core appeal was access to a listed income vehicle with regular distributions and exposure to a range of U.S. and potentially international dividend-paying securities. The fund’s geographic footprint was primarily U.S.-centered, with historical SEC documents placing its principal offices in New York. The most notable recent development is the 2024 rebranding and restructuring of the fund’s identity into Bexil Investment Trust, which is the key fact investors should know when mapping the legacy DNI name to current filings. Recent SEC materials also reflect a continued focus on income distributions and the governance framework typical of U.S. listed investment companies, including insider-transaction reporting on Form 4. In short, Dividend & Income Fund should be viewed as a long-standing, specialist income fund with a U.S. market listing history and a recent name/ticker transition that materially changes how it appears in current public filings.