0001752724-20-045505.txt : 20200303 0001752724-20-045505.hdr.sgml : 20200303 20200303084855 ACCESSION NUMBER: 0001752724-20-045505 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200303 DATE AS OF CHANGE: 20200303 EFFECTIVENESS DATE: 20200303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIVIDEND & INCOME FUND CENTRAL INDEX KEY: 0001059213 IRS NUMBER: 510382212 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-08747 FILM NUMBER: 20680133 BUSINESS ADDRESS: STREET 1: 11 HANOVER SQUARE CITY: NEW YORK STATE: NY ZIP: 10005 BUSINESS PHONE: 2127850900 MAIL ADDRESS: STREET 1: 11 HANOVER SQUARE CITY: NEW YORK STATE: NY ZIP: 10005 FORMER COMPANY: FORMER CONFORMED NAME: DIVIDEND & INCOME FUND, INC. DATE OF NAME CHANGE: 20110210 FORMER COMPANY: FORMER CONFORMED NAME: CHARTWELL DIVIDEND & INCOME FUND INC DATE OF NAME CHANGE: 19980406 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001059213 XXXXXXXX 811-08747 false false false N-2 Dividend & Income Fund 811-08747 0001059213 549300GQF37VFS5FKW75 11 Hanover Square N/A New York 10005-2818 US-NY US 212-785-0900 The Huntington National Bank 41 South High Street N/A Columbus 43216-3406 614-463-4293 Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder Ultimus Asset Services 225 Pictoria Drive Suite 450 Cincinnati 45246-1617 513-587-3400 Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder Bexil Advisers LLC 11 Hanover Square 12th Floor New York 10005-2818 212-785-0900 Accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940 and the Rules promulgated thereunder N N N N-2 Y Jon Tomasson N/A N Thomas B. Winmill 001849082 Y Peter K. Werner N/A N Roger Atkinson N/A N Russell Kamerman 006432984 11 Hanover Square 12th Floor New York 10005-2818 XXXXXX N N N N N N Tait, Weller and Baker LLP 445 N/A N N N N N N Dividend & Income Fund 549300GQF37VFS5FKW75 N N/A N N Y N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N Bexil Advisers LLC 801-71976 000154387 N/A N Ultimus Asset Services, LLC 084-00142 N/A N N N Interactive Data Pricing and Reference Data LLC 801-55222 SEC File No. N N Brown Brothers Harriman & Company 5493006KMX1VFTPYPW14 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Huntington National Bank 2WHM8VNJH63UN14OL754 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N American Stock Transfer & Trust Company, LLC 254900TS5EWP83BEOU02 N/A N N N Bexil Advisers LLC 801-71976 SEC Filing Number Y N N FIDELITY BROKERAGE 008-23292 000007784 549300OQFQ4NFIOD5695 31701.24 WELLINGTON SHIELDS & CO. LLC 008-68098 000149021 N/A 8259 WALL STREET ACCESS 008-25936 000010012 549300Z0MOT47D6OQV22 12789.93999999 O'NEILL SECURITIES, INC. 008-11763 000000894 5493002J20FGJRC1XQ20 11925.56 64675.74 0 Y 186037829.49676719 Common stock N/A N N N N N N 0.98 1.76 13.46000000 16.25 false false true false false false false false false true false ITEM 405 REG S-K 2 fp0051255_g1biv.htm

Section 16(a) Beneficial Ownership Reporting Compliance

Based on the Fund’s review of Forms 3, 4 and 5, and amendments thereto, filed during the most recent fiscal year, the Fund believes that all Section 16 reporting persons have complied with the filing requirements of Section 16(a) of the Securities Exchange Act of 1934.

INTERNAL CONTROL RPT 3 fp0051255_g1aiii.htm

[LOGO APPEARS HERE]

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Shareholders and Board of Trustees

Dividend and Income Fund

11 Hanover Square

New York, New York 10005

In planning and performing our audits of the financial statements of Dividend and Income Fund (the “Trust”) as of and for the year ended December 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered their internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Trust is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Shareholders and Board of Trustees

Dividend and Income Fund

Page Two

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Trust’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Trust’s internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of December 31, 2019.

This report is intended solely for the information and use of management, Shareholders and Board of Trustees of Dividend and Income Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ TAIT, WELLER & BAKER LLP

TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania

February 25, 2020