RYE, N.Y.–(BUSINESS WIRE)–The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) will redeem
50% (2,000 of 4,000 shares) of its outstanding Series E Auction Rate
Preferred Shares (the “Series E Preferred”). The shares will be redeemed
at $25,000 per Series E Preferred (the liquidation preference) plus an
amount equal to any accumulated and unpaid dividends and distributions
thereon to the redemption date of July 11, 2019 (the “Redemption Price”).
From and after the redemption date, the Series E Preferred being
redeemed will no longer be deemed outstanding, dividends will cease to
accumulate and all the rights of the Series E Preferred shareholders
with respect to such Series E Preferred being redeemed will cease,
except the right to receive the Redemption Price, without interest.
Depository Trust Company (“DTC”), the holder of record, determines the
allocation of the partial series redemption among each participant
account. Each participant, as nominee for underlying beneficial owners
(street name shareholders), in turn determines the allocations of
redeemed shares among underlying beneficial owners. The procedures used
by various participants to allocate redeemed shares among beneficial
owners may differ from other participants as well as from the procedures
used by DTC.
Questions relating to and requests for additional copies of, the notice
of redemption and the related materials should be directed to the Fund
at 800-GABELLI (800-422-3554) or (914) 921-5070.
The Gabelli Dividend & Income Trust is a diversified, closed-end
management investment company with $2.5 billion in total net assets
whose primary investment objective is to provide a high level of total
return with an emphasis on dividends and income. The Fund is managed by
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).
Contacts
Carter Austin
Laurissa Martire
(914) 921-5070
