Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

THE GABELLI DIVIDEND & INCOME TRUST

(GDV)
  Report
SummaryQuotesChartsNewsCompanyFinancialsConsensus 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Gabelli Dividend & Income Trust : Announces Partial Redemption of Its 5.875% Series A Cumulative Preferred Shares

04/06/2020 | 04:19pm EDT

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) authorized the redemption of one half (1,524,010 shares) of its outstanding 5.875% Series A Cumulative Preferred Shares (the “Series A Preferred”). The shares will be redeemed at $25.1631944 per Series A Preferred (the “Redemption Price”), which consists of $25.00 per Series A Preferred (the “Liquidation Preference”) plus $0.1631944 per Series A Preferred representing accumulated and unpaid dividends and distributions to the redemption date of May 6, 2020 (the “Redemption Date”).

From and after the Redemption Date, the Series A Preferred Shares being redeemed will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the Series A Preferred shareholders with respect to the redeemed Series A Preferred Shares will cease, except the right to receive the Redemption Price, without interest.

All of the Series A Preferred Shares are held in book-entry form through the Depository Trust Company ("DTC") and shares will be redeemed in accordance with the procedures of DTC. Payment to DTC for the Series A Preferred Shares will be made by Computershare Trust Company, N.A., as paying agent for this redemption.

The Series A Preferred Shares, which trade on the New York Stock Exchange under the symbol “GDV Pr A”, are rated “Aa3” by Moody’s Investors Service and have an annual dividend rate of $1.46875 per share. The Series A Preferred Shares were issued on October 12, 2004 at $25.00 per share and pay distributions quarterly.

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.

About The Gabelli Dividend & Income Trust

The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $1.9 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).

About GAMCO Investors

GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC). As of March 31, 2020, GAMCO Investors had $27.5 billion in assets under management.

NYSE – GDV Pr A
CUSIP – 36242H203


ę Business Wire 2020
All news about THE GABELLI DIVIDEND & INCOME TRUST
09/03The Gabelli Dividend & Income Trust Reports Earnings Results for the Half Year Ended Ju..
CI
08/19GABELLI DIVIDEND & INCOME TRUST : Continues Monthly Distributions, Declares Distributions ..
BU
08/19Gabelli Dividend & Income Trust Continues Monthly Distributions
CI
05/13GABELLI DIVIDEND & INCOME TRUST : Continues Monthly Distributions, Declares Distributions ..
BU
05/13The Gabelli Dividend & Income Trust Declares Cash Distributions for the Months July, Au..
CI
05/03VELAN : Announces CFO Appointment
MT
03/17GABELLI DIVIDEND & INCOME TRUST : Commences Exchange Offer for Auction Rate Preferred Shar..
BU
03/08The Gabelli Dividend & Income Trust Reports Earnings Results for the Full Year Ended De..
CI
02/25GABELLI DIVIDEND : & Income Trust Continues Monthly Distributions, Declares Distributions ..
BU
02/25The Gabelli Dividend & Income Trust Declares Distributions for Each of April, May, and ..
CI
More news
Financials (USD)
Sales 2020 48,1 M - -
Net income 2020 201 M - -
Net cash 2020 0,02 M - -
P/E ratio 2020 10,5x
Yield 2020 6,15%
Capitalization 2 323 M 2 323 M -
EV / Sales 2019 38,0x
EV / Sales 2020 40,4x
Nbr of Employees -
Free-Float 99,8%
Chart THE GABELLI DIVIDEND & INCOME TRUST
Duration : Period :
The Gabelli Dividend & Income Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE GABELLI DIVIDEND & INCOME TRUST
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Last Close Price 25,69 
Average target price
Spread / Average Target -
Managers and Directors
Bruce N. Alpert President
John Chester Ball Principal Financial & Accounting Officer
Mario Joseph Gabelli Chairman & Chief Investment Officer
Richard John Walz Chief Compliance Officer
Anthony J. Colavita Independent Trustee