The Gabelli Dividend & Income Trust Announces Board Changes
March 29, 2019 at 06:14 am EDT
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The Gabelli Dividend & Income Trust announced that Messrs. Colavita and Conn are currently the Trustees elected solely by the holders of the Fund’s Preferred Shares, and their terms as Trustees are scheduled to expire at the Fund’s 2020 and 2021 Annual Meeting of Shareholders, respectively. Therefore they are not standing for election at this Meeting.
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.