Bexil Investment Trust DEFA14A, filed Jun 2, 2020
Bexil Investment Trust (BXSY)
DEFA14A
2020-06-02
View Original
Added on
October 26, 2026
SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Exchange Act of 1934
Filed by the
Registrant ☑
Filed by a
Party other than the Registrant □
Check the appropriate box:
□ Preliminary Proxy Statement
□ Definitive Proxy Statement
☑ Definitive Additional Materials
□ Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
□ Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
Dividend and Income Fund
(Name of Registrant as Specified In Its Charter)
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(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box):
☑ No fee required.
□ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): |
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□ Fee paid previously with preliminary materials:
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing
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Amount Previously Paid:
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Form, Schedule or Registration Statement No.:
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Dividend and
Income Fund
11 Hanover Square, 12th Floor
New York, NY 10005
www.DividendandIncomeFund.com
11 Hanover Square, 12th Floor
New York, NY 10005
www.DividendandIncomeFund.com
Please vote TODAY using
the link to the WHITE voting form!
Dear Shareholder:
Please vote TODAY
“FOR” your board’s nominee by telephone or internet using the link to the WHITE voting form. The Annual Meeting of your Fund on June 10, 2020 is fast approaching and we need your support. If you previously voted on a GREEN form, you can cancel that vote simply by using the link to the WHITE voting form.
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ISS Recommends Voting “FOR” on the White Proxy Card
Importantly, on May 29, 2020 Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that their
clients vote using the enclosed WHITE voting instruction form “FOR” the Board’s nominee. ISS wrote “A vote FOR the incumbent director nominee on
the white proxy card is warranted.”
ISS recommends that you “DO NOT VOTE” on Bulldog’s GREEN form.
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We ask for your help to stand up to Bulldog by discarding the Bulldog email and GREEN form. Please do NOT use or return the GREEN form for any reason. Why?
1. Bulldog is a terrible manager – its
so-called “Special Opportunities Fund” has on average lost money for the last 3 years on a price and net asset value basis! Moreover, Dividend and Income Fund’s price and net asset value returns beat Bulldog’s “Special Opportunities” fund over the year to date, and over the last 1 year, 3 years, and 10 years. Source: Morningstar as of 5/31/2020.
2. Can you trust
Bulldog? We wrote to you and all Fund shareholders last week pointing out that Bulldog’s May 12, 2020 SEC filing showed it was dumping Fund
shares. Yet, on May 29, 2020, Bulldog wrote the Fund “To repeat, no shares of DNI have been sold this year by Bulldog or by my friends and family. I urge you to promptly correct the trustees’ misstatement because shareholders would
consider it important in determining how their proxies should be voted.” When we stood up to Bulldog and demanded an accounting, Bulldog’s response was “I stand corrected. We did sell ….” Oops. Is Bulldog just incompetent with facts and needing
“correction,” or is something else going on?
Support
Our Fight to Best Serve Your Interests. Your experienced Board is actively engaged to deliver the investment experience you expect. We do not believe that Bulldog is looking out for your best interests. Support your Board’s ongoing efforts
to enhance long term shareholder value. Even if you previously voted using the GREEN form, you can cancel that vote simply by using the link to
the WHITE voting form TODAY!
With sincere thanks for your continued trust and confidence,
DIVIDEND AND INCOME FUND, Board of Trustees
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Roger Atkinson
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Jon Tomasson
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Peter K. Werner
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Thomas B. Winmill
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Questions? Please call Georgeson LLC, the Fund’s proxy solicitor, toll free at 800-561-2871