Dividend and Income Fund (the Fund) is a non-diversified, closed end management investment company. The Fund's primary investment objective is to seek high current income and capital appreciation is its secondary objective. It invests at least 50% of its total assets in income generating equity securities. These securities may include dividend paying common stocks, convertible securities, preferred stocks, securities of registered investment companies, exchange traded funds organized as investment companies or otherwise, real estate investment trusts, depositary receipts, and other equity related securities. The Fund has investments in sectors, such as investment advice, air transportation, scheduled, semiconductors & related devices, motor vehicle parts & accessories, variety stores, cable & other pay television services, motor vehicles & passenger car bodies, personal credit institutions, biological products and commercial banks. Its investment manager is Bexil Advisers LLC.