On, January 22, 2021, Bulldog Investors announced that it believes a recent SEC decision upholding closed-end fund Dividend & Income's right to ignore a shareholder proposal poses a broader threat to investor rights. In response, Dividend & Income Fund and its advisers petitioned the SEC in an ultimately successful effort to convince the agency that the nonbinding provision shouldn't be permitted to come up for a vote at the fund's 2020 annual meeting.