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Monday, 05/02/2011 4:38:02 PM

Monday, May 02, 2011 4:38:02 PM

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A monthly dividend distribution of $0.0340 per share was declared today by Dividend and Income Fund, Inc. (NYSE: DNI) (NAV: XDNIX), payable May 31, 2011 to shareholders of record as of May 17, 2011.