Securities Exchange Act of 1934 - Rule 14a-8
January 30, 2014
Response of the Disclosure Review and Accounting Office
Walter L. Draney, Esq.
Re: First Trust Dividend and Income Fund
Dear Mr. Draney:
In a letter dated December 20, 2013, on behalf of First Trust Dividend and Income Fund, you requested confirmation from the staff of the Division of Investment Management that it would not recommend an enforcement action to the Securities and Exchange Commission if a shareholder proposal for the Fund (the "Proposal") submitted by Mr. Luke E. Sims ("Proponent"), is omitted from the proxy materials ("Proxy Materials") for the Fund's 2014 annual meeting of shareholders.
As set forth by the Proponent, the Proposal states:
I hereby submit a Trustee nomination pursuant to rule 14a-8 of the Securities Exchange Act of 1934 for inclusion in management's proxy materials for the next annual meeting of stockholders for which this proposal is timely submitted.
You request our assurances that we would not recommend enforcement action if the Fund omits the Proposal from its Proxy Materials pursuant to Rule 14a-8(i)(8)(iv) under the Securities Exchange Act of 1934.
There appears to be some basis for your view that the Fund may exclude the Proposal. Accordingly, we would not recommend enforcement action to the Commission if the Fund omits the Proposal from the Proxy Materials in reliance on Rule 14a-8(i)(8)(iv).
Attached is a description of the Division's informal procedures regarding shareholder proposals. If you have any questions or comments concerning this matter, please call me at (202) 551-6779.
cc: Mr. Luke E. Sims