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Dividend and Income Fund (DNIF)

U.S. Equity Funds - General Equity Funds

Data as of Sept. 21, 2023
Market Price $10.78 (- $0.20)
NAV (Sept. 21, 2023) $16.41 (- $0.26)
Fund Listed OTC
Premium / Discount -34.31% (-0.18%)
Fund Info
Inception June 29, 1998
Sponsor Bexil Advisers
Website www.dividendandincomef...
Phone 1-800-937-5449
Location New York
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: High total return; income generating equity securities, other equity related securities and fixed income securities
Related Indexes
Tax-Advantaged Equity Dividend Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 12,817,058
Total Assets (Reported: June 30, 2023) $245M
Estimated Total Assets $231M
Net Assets $210M
Market Cap $138M
Portfolio Turnover 42.00%
Total Leverage 8.91%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.18%
Non Lev Exp Ratio 1.41%
Rel Lev Cost 7.86%
Discount Data
Average Discount (3 Yr) -30.35%
Discount Low(3 Yr) -37.96%
Discount High(3 Yr) -22.19%
Discount Rel Range (3 Yr) 24.25%
Comp Discount -21.80
Discount St Dev (1Yr) 1.57
Z-Stat (6mo) 0.10
Z-Stat (1Yr) -0.52
Z-Stat (3Yr) -1.08
Comp Z-Stat (6mo) 0.64
Comp Z-Stat (3Yr) -0.27
Distribution Data
Market Yield 9.28%
Income Yield 0.00%
Lev Adj NAV Yield 5.60%
Distribution Frequency Q
Current Distribution $0.250
Current Income $0.000
Ex-Date 12/14/23
Payable Date 12/28/23
Div Growth (3yr) 0.00%
Dividend Change -56.1% on 12/9/21
Expected Div 12/7/23
RoC (1yr) 22.35%
RoC (3yr) 12.99%
Tax Dividend Data 2022 2020 - 2022
Income 20.1% 14.9%
ST Gains 0% 0%
QDI 20.1% 14.9%
LT Gains 74.5% 66.7%
RoC 5.4% 18.4%
Volume & Liquidity
Average Daily $ (K) $232
Avg Volume 30 day 15,843
Avg Volume 90 day 21,566
Volume Trend -26.54%
Comp Volume Trend -33.71%
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): TY 86.0%
NAV - Price Correlation (30 d) 65.6%
NAV - Price Correlation (90 d) 81.4%
NAV - Price Correlation (1 Yr) 88.7%
Price St Dev (1Yr) 19.9%
NAV St Dev (1Yr) 23.0%
Earnings / Share (6/30/23) $0.017
Earn Coverage 6.64%
Earnings Trend Down
UNII / Share (6/30/23) $-0.072
UNII Trend Up
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

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from 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.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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