Dividend And Income Fund Inc (DNI) : Deschutes Portfolio Strategy scooped up 75,900 additional shares in Dividend And Income Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 330,500 shares of Dividend And Income Fund Inc which is valued at $3,731,345.Dividend And Income Fund Inc makes up approximately 1.99% of Deschutes Portfolio Strategy’s portfolio.
Other Hedge Funds, Including , Benjamin F. Edwards Company reduced its stake in DNI by selling 600 shares or 46.15% in the most recent quarter. The Hedge Fund company now holds 700 shares of DNI which is valued at $7,847.
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. Its secondary objective is Capital appreciation. The Fund’s portfolio included over 100 securities. It invests in aircraft engines and engine parts; commercial banks; farm machinery and equipment; hotels and motels and pharmaceutical preparations among others. The Fund seeks investment objective by investing normally at least 50% of its total assets in income generating equity securities. These securities may include dividend paying common stocks convertible securities securities of registered investment companies exchange traded funds or otherwise real estate investment trusts depositary receipts and other equity related securities. The Fund may invest in below investment grade fixed income securities and in shares of other investment companies. The Fund’s Investment Manager is Bexil Advisers LLC.