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Dividend and Income Fund (symbol: DNIF) is a closed-end fund with the primary goal of seeking high current income and capital appreciation as a secondary objective. The Fund typically invests at least 50% of its total assets in income-generating equity securities. It trades under the ticker symbol DNIF on the OTC Pink market and Net Asset Value Symbol XDNIX. The quarterly distribution of $0.25 per share is a reflection of the Fund's current distribution policy to offer shareholders a relatively stable cash flow per share. The Fund's investment objectives, risks, and expenses can be found in its filings with the U.S. Securities and Exchange Commission (SEC), including its annual and semi-annual reports.
Dividend and Income Fund (DNIF) has declared a quarterly distribution of $0.25 per share, payable on March 27, 2023, for shareholders on record as of March 15, 2023. The ex-dividend date is set for March 14, 2023. This distribution consists of approximately 8% from net investment income, 8% from capital gains, and 84% from a return of capital. Shareholders are cautioned not to interpret this distribution as an indication of the Fund's overall investment performance. The Fund aims to provide a stable cash flow but notes that the distribution policy may change without notice.
Dividend and Income Fund (DNIF, XDNIX) announced its quarterly distribution will remain at $0.25 per share for 2023. The ex-dividend dates for the quarters are March 14, June 14, September 15, and December 14.
Shareholders are reminded that distributions may consist of net investment income, capital gains, or return of capital, which may affect tax circumstances. The fund's investment objective focuses on high current income with capital appreciation as a secondary goal.
Dividend and Income Fund (Ticker: DNIF) has declared a quarterly distribution of $0.25 per share, scheduled to be paid on December 28, 2022. Shareholders of record as of December 15, 2022 will receive this payment. The distribution comprises approximately 9% from net investment income, 9% from capital gains, and 82% as a return of capital. This notice, pursuant to Section 19(a) of the Investment Company Act of 1940, indicates that this return does not reflect the Fund's investment performance and may reduce the tax basis for shareholders.
The Dividend and Income Fund (OTC PINK:DNIF; Net Asset Value Symbol: XDNIX) has declared a quarterly distribution of $0.25 per share, payable on September 28, 2022 to shareholders of record as of September 16, 2022. The source breakdown of this distribution is approximately 47% from net investment income, 53% from capital gains, and 0% from return of capital. Shareholders are cautioned that distributions may not reflect the Fund's investment performance. The Fund aims to provide stable cash flow, but the distribution policy can change without notice.
Dividend and Income Fund (DNIF) declared a quarterly distribution of $0.25 per share, payable on June 27, 2022, to shareholders recorded by June 15, 2022. The ex-dividend date is June 14, 2022. The distribution comprises approximately 0% from net investment income, 100% from capital gains, and 0% from return of capital. It is crucial for shareholders not to associate the distribution amount with the Fund's overall investment performance, as distributions may contain returns of capital which do not indicate income.
The Dividend and Income Fund (OTC PINK:DNIF) declared a quarterly distribution of $0.25 per share, payable on March 25, 2022, to shareholders of record as of March 15, 2022. The distribution comprises approximately 11% from net investment income and 89% from capital gains, with no portion from return of capital. Shareholders are informed that this distribution does not reflect the Fund's performance. The Fund aims to provide stable cash flow, but the distribution policy might change without notice. For tax purposes, shareholders will receive a Form 1099-DIV.
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How much of its total assets does the Fund typically invest in income-generating equity securities?
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What is the current quarterly distribution per share announced by the Fund?
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