DNI Dividend and Income Fund

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES                                                                                   
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940                       

1. Name and Address of Reporting Person * WINMILL THOMAS BASSETT	2. Issuer Name and Ticker or Trading Symbol DIVIDEND & INCOME FUND [ DNIF ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) See "Explanation of Responses"
(Last)          (First)          (Middle) P.O. BOX 4	3. Date of Earliest Transaction (MM/DD/YYYY) 10/14/2020
(Street) WALPOLE, NH 03608 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY) 10/15/2020	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Shares of Beneficial Interest	9/25/2020		J(1)		59.573	A	$9.2487	16326.608	D
Shares of Beneficial Interest	9/25/2020		J(2)		391.157	A	$9.2487	16717.765	D
Shares of Beneficial Interest	10/14/2020		P		401	A	$9.56	17118.765 (3)	D
Shares of Beneficial Interest	10/14/2020		P		4599	A	$9.65	21717.765 (4)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:
(1)	Reflects shares acquired through reinvestment of dividends.
(2)	Reflects shares acquired through reinvestment of dividends.
(3)	Correction made to the number of shares owned following the transaction.
(4)	Correction made to the number of shares owned following the transaction.

Remarks: The Reporting Person is a trustee, president, chief executive officer, chief legal officer, and portfolio manager of the Issuer, a manager and officer of the Issuer's registered investment adviser, and a director and officer of their affiliates.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WINMILL THOMAS BASSETT P.O. BOX 4 WALPOLE, NH 03608	X		See "Explanation of Responses"

Signatures
Thomas B. Winmill		10/28/2020
**Signature of Reporting Person		Date