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Back to Home » November 2012 News » Dividend and Income Fund Announces New Anticipated Effective Date for 1-for-4 Reverse Stock Split |
Dividend and Income Fund Announces New Anticipated Effective Date for 1-for-4 Reverse Stock Split |
November 09, 2012
NEW YORK, NY--(Marketwire - Nov 9, 2012) - Dividend and Income Fund (NYSE: DNI) (NAV: XDNIX) (the "Fund") today announced that the 1-for-4 reverse split of the issued and outstanding common shares of beneficial interest of the Fund is now anticipated to be effective as of the start of trading on December 10, 2012. The reverse stock split was approved by the Fund's Board of Trustees and is intended to enhance shareholder value. As a result of the reverse stock split, one new share will be issued for every four currently outstanding shares.
Source URL: http://www.marketwire.com/mw/release.do?id=1724139&sourceType=3
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