GAMCO Investors, Inc. (NYSE:GBL) announced the addition of Jeff Jonas,
CFA to the investment team of the Gabelli Dividend & Income Trust (the
"Fund"). Jeff joins Mario J. Gabelli, Barbara G. Marcin, Robert D.
Leininger, Kevin V. Dreyer, and Christopher J. Marangi, as (y)our Fund
continues to expand its investment team.
Commenting on the appointment, Mr. Gabelli said, "We are delighted to
have Jeff join the Dividend & Income Trust team. Jeff has an excellent
foundation in Gabelli research that will make him a valuable addition to
help our team find investments that meet the objectives of (y)our Fund."
Mr. Jonas started his career with Gabelli & Company, Inc. in July 2003
as a research analyst covering the health & wellness sector, focusing on
cardiovascular, plastic surgery, and pharmacy benefits management
companies. In 2007, Mr. Jonas was named a Portfolio Manager of the
Gabelli Healthcare & WellnessRx Trust. Mr. Jonas
graduated as a Gabelli Presidential Scholar from the Carroll School of
Management at Boston College with a B.S. in finance and management
information systems.
The Gabelli Dividend & Income Trust (NYSE:GDV) is a non-diversified,
closed-end management investment company with $2.0 billion in total net
assets. The Fund's primary investment objective is to provide a high
level of total return with an emphasis on dividends and income.
GAMCO Investors, Inc. (NYSE:GBL), through its subsidiaries, manages
assets of private advisory accounts, mutual funds and closed-end funds,
and investment partnerships and offshore funds and is well known for its
Private Market Value with a Catalyst™ style of investment. As of
December 31, 2011, GAMCO Investors, Inc. had $34.1 billion in assets
under management.
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain some
forward-looking statements. Forward-looking statements give our current
expectations or forecasts of future events. You can identify these
statements because they do not relate strictly to historical or current
facts. They use words such as "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," and other words and terms of
similar meaning. They also appear in any discussion of future operating
or financial performance. In particular, these include statements
relating to future actions, future performance of our products,
expenses, the outcome of any legal proceedings, and financial results.
Although we believe that we are basing our expectations and beliefs on
reasonable assumptions within the bounds of what we currently know about
our business and operations, there can be no assurance that our actual
results will not differ materially from what we expect or believe. Some
of the factors that could cause our actual results to differ from our
expectations or beliefs include, without limitation: the adverse effect
from a decline in the securities markets; a decline in the performance
of our products; a general downturn in the economy; changes in
government policy or regulation; changes in our ability to attract or
retain key employees; and unforeseen costs and other effects related to
legal proceedings or investigations of governmental and self-regulatory
organizations. We also direct your attention to any more specific
discussions of risk contained in our Form 10-K and other public filings.
We are providing these statements as permitted by the Private Litigation
Reform Act of 1995. We do not undertake to update publicly any
forward-looking statements if we subsequently learn that we are unlikely
to achieve our expectations or if we receive any additional information
relating to the subject matters of our forward-looking statements.
GAMCO Investors, Inc. President & Chief Operating Officer Douglas
R. Jamieson, 914-921-5020 djamieson@gabelli.com www.gabelli.com
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.