The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV)
declared an additional distribution of $0.09 per share payable on
January 8, 2007 to shareholders of record on December 29, 2006.
In accordance with the Fund's distribution
policy, this additional $0.09 per share distribution is being made to
minimize any Federal excise tax on undistributed investment company
taxable income. The distribution will be includable in 2006 income for
shareholders subject to income tax. This raises the total distributions
for the year to $1.54 per share.
A portion of the distribution may be treated as long-term capital gain
and qualified dividend income for individuals, each subject to the
maximum Federal income tax rate, which is currently 15% for individuals.
Long-term capital gains, qualified dividend income, ordinary income, and
paid-in capital, if any, will be allocated on a pro-rata basis to all
distributions to common shareholders for the year. As of December 22,
2006, the date of this press release, the current distribution would
include approximately 44% from net investment income and 56% from net
capital gains. The estimated components of each distribution are
provided to shareholders of record in a notice accompanying the
distribution and are available on our website (www.gabelli.com).
The final determination of the sources of all distributions in 2006 will
be made after year-end. All shareholders with taxable accounts will
receive written notification regarding the components and tax treatment
for all 2006 distributions in early 2007 via Form 1099-DIV.
The Gabelli Dividend & Income Trust is a non-diversified, closed-end
management investment company with $2.5 billion in total 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), which is a
publicly traded NYSE listed company.
The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to seek a high level of total return with an emphasis on dividends and income. Under normal market conditions, the Fund invests at least 80% of its assets in dividend paying or other income-producing securities. In addition, under normal market conditions, at least 50% of the Fund's assets will consist of dividend paying equity securities. In making stock selections, the Fund's investment adviser looks for securities that have a superior yield and capital gains potential. The Fund invests in a range of sectors, including financial services, food and beverage, consumer products, cable and satellite, business services, paper and forest products, computer software and services, wireless communications, publishing, agriculture, building and construction, health care, broadcasting and others. The Fund's investment advisor is Gabelli Funds, LLC.
THE GABELLI DIVIDEND & INCOME TRUST 
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