Dividend and Income Fund Announces Filing of Shelf Registration Statement
(firmenpresse) - NEW YORK, NY -- (Marketwired) -- 03/31/15 -- (NYSE: DNI) (NAV: XDNIX) (the "Fund"), today announced that it has filed a shelf registration statement with the U.S. Securities and Exchange Commission (the "SEC"). Upon effectiveness, the shelf registration will allow flexible access to capital. Additional capital would be raised when opportunities arise believed, over the long term, to have the potential to benefit the Fund and its shareholders.
When effective, the shelf registration will allow the Fund to offer, from time to time, in one or more offerings, including through rights offerings, up to $150 million of its shares of beneficial interest. The shares may be offered at prices and on terms to be set forth in one or more prospectus supplements. The offering price per share will not be less than the net asset value ("NAV") per share at the time of the offering, exclusive of any underwriting commission or discounts, provided that rights offerings may be offered at a price below the then current NAV, subject to certain conditions.
The registration statement for the shares has been filed with the SEC but has not yet become effective. These shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. You should consider the investment objectives, risks and charges and expenses of the Fund before investing. This and other information about the Fund will be contained in the Fund's prospectus, a copy of which may be obtained from the Fund when the Fund prepares to sell shares under the shelf registration statement.
The Fund is a closed end fund with the primary investment objective of providing its shareholders a high level of income. Capital appreciation is a secondary objective. The Fund seeks to achieve its objectives by investing, under normal circumstances, at least 50% of its total assets in income generating equity securities.
To learn more about the Fund visit . For Fund shareholder related questions, please call 212-785-0900. Certain affiliates of the Fund are engaged in stock market and through investment management of equity and and .
This release contains certain "forward looking statements" as defined under the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will," and similar expressions identify forward looking statements, which generally are not historical in nature. Forward looking statements are subject to certain risks and uncertainties that could cause actual results to materially differ from the Fund's historical experience and its current expectations or projections indicated in any forward looking statements. These risks include, but are not limited to, equity securities risk, corporate bonds risk, credit risk, interest rate risk, leverage and borrowing risk, additional risks of certain securities in which the Fund invests, market discount from net asset value, distribution policy risk, management risk, and other risks discussed in the Fund's filings with the SEC. You should not place undue reliance on forward looking statements, which speak only as of the date they are made. The Fund undertakes no obligation to update or revise any forward looking statements made herein. There is no assurance that the Fund's investment objectives will be attained.
Contact:
Thomas O'Malley
Chief Financial Officer
1-212-785-0900, ext. 267
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Datum: 31.03.2015 - 18:46 Uhr
Sprache: Deutsch
News-ID 382545
Anzahl Zeichen: 3667
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NEW YORK, NY
Kategorie:
Commercial & Investment Banking
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