CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Dividend and Income Fund (DNI)

U.S. Equity Funds - General Equity Funds

Data as of Aug. 7, 2020
Market Price $10.86 (- $0.01)
NAV (Aug. 7, 2020) $14.47 (+ $0.15)
Premium / Discount -24.95% (-0.86%)
Fund Info
Inception June 29, 1998
Sponsor Bexil Advisers
Website www.dividendandincomef...
Phone 1-800-937-5449
Objective: High total return; income generating equity securities, other equity related securities and fixed income securities
Related Indexes
High Income Index
US Equity Index
Global Equity Index
60/40 Balanced (w/ BDCs) Index
Tax-Advantaged Equity Dividend Index
Tax-Sensitive Income Index
Discount CEF/BDC Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 12,449,614
Total Assets (Reported: Dec. 31, 2019) $239M
Estimated Total Assets $219M
Net Assets $180M
Market Cap $135M
Purchases Turnover 51.86%
Sales Turnover 77.21%
Total Leverage 17.91%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.91%
Non Lev Exp Ratio 1.47%
Rel Lev Cost 2.08%
Discount Data
Average Discount (3 Yr) -20.93%
Discount Low(3 Yr) -26.71%
Discount High(3 Yr) -11.13%
Discount Rel Range 11.30%
Comp Discount -13.59
Discount St Dev (1Yr) 2.66
Z-Stat (6mo) -1.51
Z-Stat (1Yr) -1.79
Z-Stat (3Yr) -1.51
Comp Z-Stat (6mo) -1.48
Comp Z-Stat (3Yr) -0.90
Distribution Data
Market Yield 9.21%
Income Yield 1.84%
Lev Adj NAV Yield 5.86%
Distribution Frequency Q
Current Distribution $0.250
Current Income $0.050
Ex-Date 9/14/20
Payable Date 9/25/20
Div Growth (3yr) 66.67%
Dividend Change 25.0% on 12/12/19
Expected Div 12/10/20
RoC (1yr) 60.32%
RoC (3yr) 44.32%
Tax Dividend Data 2019 2017 - 2019
Income 26.8% 35.7%
ST Gains 0% 0%
QDI 26.8% 33.8%
LT Gains 0% 27.1%
RoC 73.2% 37.2%
Volume & Liquidity
Average Daily $ (M) $438
Avg Volume 30 day 32,132
Avg Volume 90 day 40,359
Volume Trend -20.38%
Comp Volume Trend -13.84%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's US Equity Index
Most Correlated Peer (Mk Pr): RVT 97.0%
NAV - Price Correlation (30 d) 88.9%
NAV - Price Correlation (90 d) 96.5%
NAV - Price Correlation (1 Yr) 97.3%
Price St Dev (1Yr) 39.7%
NAV St Dev (1Yr) 43.5%
Earnings / Share (12/31/19) $0.040
Earn Coverage 15.88%
Earnings Trend Down
UNII / Share (12/31/19) $0.038
Rel UNII 19.20
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's US Equity Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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