SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13D/A

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13D-2(a)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)*

DIVIDEND AND INCOME FUND

(Name of Issuer)

Shares of Beneficial Interest

(Title of Class of Securities)

25538A204

(CUSIP Number)

Russell L. Kamerman, Esq.

Bexil Securities LLC

11 Hanover Square

New York, NY 10005

212-785-0900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

January 6, 2021

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box □.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 25538A204

Page 1 of 8 Pages

1	Names of Reporting Persons Bexil Securities LLC
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			WC
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			Maryland
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	704,439.32 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	704,439.32 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			704,439.32 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			5.61%
14	Type of Reporting Person (See Instructions)			BD

CUSIP No. 25538A204

Page 2 of 8 Pages

1	Names of Reporting Persons Bexil Advisers LLC
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			Maryland
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	526,645.93 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	526,645.93 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			526,645.93 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			4.19%
14	Type of Reporting Person (See Instructions)			IA

CUSIP No. 25538A204

Page 3 of 8 Pages

1	Names of Reporting Persons Bexil Corporation
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			Maryland
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	1,231,085.25 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	1,231,085.25 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			1,231,085.25 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			9.80%
14	Type of Reporting Person (See Instructions)			HC

CUSIP No. 25538A204

Page 4 of 8 Pages

1	Names of Reporting Persons Midas Securities Group, Inc.
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	1,231,085.25 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	1,231,085.25 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			1,231,085.25 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			9.80%
14	Type of Reporting Person (See Instructions)			BD

CUSIP No. 25538A204

Page 5 of 8 Pages

1	Names of Reporting Persons Winmill & Co. Incorporated
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	1,231,085.25 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	1,231,085.25 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			1,231,085.25 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			9.80%
14	Type of Reporting Person (See Instructions)			HC

CUSIP No. 25538A204

Page 6 of 8 Pages

1	Names of Reporting Persons Winmill Family Trust
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			New Hampshire
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	1,231,085.25 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	1,231,085.25 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			1,231,085.25 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			9.80%
14	Type of Reporting Person (See Instructions)			HC

CUSIP No. 25538A204

Page 7 of 8 Pages

1	Names of Reporting Persons Mark C. Winmill
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			USA
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	0
		8	Shared Voting Power	1,231,085.25 Shares
		9	Sole Dispositive Power	0
		10	Shared Dispositive Power	1,231,085.25 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			1,231,085.25 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			9.80%
14	Type of Reporting Person (See Instructions)			IN

CUSIP No. 25538A204

Page 8 of 8 Pages

1	Names of Reporting Persons Thomas B. Winmill
2	Check the Appropriate Box if a Member of a Group (See Instructions)			(a) □ (b) □
3	SEC Use Only
4	Source of Funds (See Instructions)			AF, PF
5	Check if Disclosure of Legal Proceedings is Required Pursuant to Item 2(d) or 2(e)			□
6	Citizenship or Place of Organization			USA
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power	22,125.41 Shares
		8	Shared Voting Power	1,231,085.25 Shares
		9	Sole Dispositive Power	22,125.41 Shares
		10	Shared Dispositive Power	1,231,085.25 Shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person			1,253,210.66 Shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see Instructions)			□
13	Percent of Class Represented by Amount in Row (11)			9.97%
14	Type of Reporting Person (See Instructions)			IN

Item 1. Security and Issuer.

This Schedule 13D relates to the shares of Shares of Beneficial Interest (“Shares”) of Dividend and Income Fund (the “Issuer”). The principal executive offices of the Issuer are located at 11 Hanover Square, New York, NY 10005.

Item 2. Identity and Background.

(a)– (c) This Schedule 13D is being filed by the following (collectively, the “Reporting Persons”):

Bexil Securities LLC (“BSL”)

Maryland limited liability company

Broker/dealer