The Gabelli Dividend & Income Trust Announces Executive Appointments
October 30, 2017 at 09:00 am EDT
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GAMCO Investors Inc. announced the appointment of Regina M. Pitaro and Brian C. Sponheimer to the investment team of the Gabelli Dividend & Income Trust (Fund) effective November 1, 2017. Ms. Pitaro and Mr. Sponheimer join Sarah E. Donnelly, Kevin V. Dreyer, Mario J. Gabelli, Jeffrey J. Jonas, Robert D. Leininger, and Christopher J. Marangi as portfolio managers on the investment team of the Fund. Ms. Pitaro joined GAMCO Investors Inc. in 1984 and is currently a Managing Director and Head of Institutional Marketing, where she continues to coordinate the organization’s focus with consultants and plan sponsors. She also serves as a Managing Director and Director of GAMCO Asset Management Inc. Mr. Sponheimer joined G.research Inc. (formerly Gabelli & Company Inc.) in 2008 as a research analyst covering Automotive & Truck suppliers, and currently leads the Industrial Research Platform.
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.