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First Trust Dividend & Income Fund (FAV): Bulldog Investors Adds to Its Position

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According to a newly-amended 13D filing with the US SEC, Phillip Goldstein, Andrew Dakos, and Steven Samuels’ Bulldog Investors increased its stake in First Trust Dividend & Income Fund (NYSE:FAV) to 1.94 million shares, which account for 23.49%. Previously, Bulldog Investors’ stake consisted of 1.85 million shares, which amassed 22.39%, as reported in its last 13D filing on the company.

First Trust Dividend and Income Fund is a closed-end management investment company. Over the past 12 months, the company’s stake has gained 16.65%.

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According to our hedge fund database, an investor who dumped First Trust Dividend & Income Fund (NYSE:FAV) during the quarter, was William Michaelcheck’s Mariner Investment Group, which said goodbye to a position valued at the end of March at $203,000.

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Bulldog Investors 1,688,924 251,189 1,688,924 251,189 23.49%
Bulldog Investors Group of Funds 1,688,924 0 1,688,924 0 20.45%
Phillip Goldstein 1,688,924 251,189 1,688,924 251,189 23.49%
Andrew Dakos 1,688,924 251,189 1,688,924 251,189 23.49%
Steven Samuels 1,688,924 251,189 1,688,924 251,189 23.49%

Phillip Goldstein, Andrew Dakos And Steven Samuels
Phillip Goldstein, Andrew Dakos And Steven Samuels
Bulldog Investors

Page 1 of 2 – SEC Filing

SCHEDULE 13D/A

DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
8/29/16

1. NAME OF REPORTING PERSON
Bulldog Investors, LLC

2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________

7. SOLE VOTING POWER
1,688,924

8. SHARED VOTING POWER
251,189

9. SOLE DISPOSITIVE POWER
1,688,924
_______________________________________________________

10. SHARED DISPOSITIVE POWER
251,189

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,940,113 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11
23.49%

14. TYPE OF REPORTING PERSON

IA

____________________________________________________________
1. NAME OF REPORTING PERSON
Bulldog Investors Group of Funds

2. CHECK THE BOX IF MEMBER OF A GROUP a[X]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________

7. SOLE VOTING POWER
1,688,924

8. SHARED VOTING POWER
0

9. SOLE DISPOSITIVE POWER
1,688,924
_______________________________________________________

10. SHARED DISPOSITIVE POWER
0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,688,924 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11
20.45%

14. TYPE OF REPORTING PERSON

IC
____________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein

2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________

7. SOLE VOTING POWER
1,688,924

8. SHARED VOTING POWER
251,189

9. SOLE DISPOSITIVE POWER
1,688,924
_______________________________________________________

10. SHARED DISPOSITIVE POWER
251,189

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,940,113 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11
23.49%

14. TYPE OF REPORTING PERSON

IN

___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos

2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________

7. SOLE VOTING POWER
1,688,924

8. SHARED VOTING POWER
251,189

9. SOLE DISPOSITIVE POWER
1,688,924
_______________________________________________________

10. SHARED DISPOSITIVE POWER
251,189

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,940,113 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11
23.49%

14. TYPE OF REPORTING PERSON

IN

___________________________________________________________
1. NAME OF REPORTING PERSON
Steven Samuels

2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]

b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC

5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________

7. SOLE VOTING POWER
1,688,924

8. SHARED VOTING POWER
251,189

9. SOLE DISPOSITIVE POWER
1,688,924
_______________________________________________________

10. SHARED DISPOSITIVE POWER
251,189

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,940,113 (Footnote 1)

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________

13. PERCENT OF CLASS REPRESENTED BY ROW 11
23.49%

14. TYPE OF REPORTING PERSON

IN
_______________________________________________________

Item 1. SECURITY AND ISSUER

This statement constitutes Amendment #15 to the schedule 13d
filed September 25, 2015. Except as specifically set forth
herein, the Schedule 13d remains unmodified.

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