First Trust Dividend and Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek a high level of current income. Its secondary objective is capital appreciation. The Fund invests at least 80% of its managed assets in a diversified portfolio of dividend-paying, multi-cap equity securities of both United States and non-United States issuers. The Fund invests in industries, such as computers and peripherals; hotels, restaurants and leisure; communication equipment; diversified telecommunication services; commercial banks; diversified financial services; aerospace and defense; automobiles; auto components; beverages; chemicals; capital markets; construction and engineering; energy equipment and services; insurance; information technology services, and machinery. First Trust Advisors L.P. serves as the Fund's investment advisor. The Fund's sub-advisor is Aviance Capital Management, LLC.