Gabelli Dividend & Income Trust Declares Distributions of $0.42 in Fourth Quarter, Including Extra $0.09, Versus $0.39 in Fourth Quarter 2021 Full Year Distribution for 2022 Is $1.41 Per Share

Rhea-AI Summary

The Gabelli Dividend & Income Trust (NYSE:GDV) announced total distributions for 2022, amounting to $1.41 per share. This includes $1.32 from monthly distributions of $0.11 each, plus an additional cash distribution of $0.09 per share due to realized capital gains. The extra cash distribution is payable on January 6, 2023, to shareholders on record by December 30, 2022. The Fund, managed by Gabelli Funds, holds $2.5 billion in net assets and aims to provide high total returns, emphasizing dividends and income.

Positive

• Total distributions for 2022 are $1.41 per share.
• Monthly distributions totaled $1.32 per share.
• An additional cash distribution of $0.09 represents realized capital gains.
• Additional distribution payable on January 6, 2023.

Negative

• None.

RYE, N.Y.--(BUSINESS WIRE)-- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) announces total distributions for 2022 of $1.41 per share. This includes $0.11 monthly distributions totaling $1.32 per share, and an additional distribution of $0.09 per share, which represents the substantial net realized capital gains from the holdings of the Fund. The additional cash distribution of $0.09 per share is payable on January 6, 2023 to common shareholders of record on December 30, 2022.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Carter Austin
(914) 921-5475

About The Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $2.5 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. (OTCQX: GAMI).

NYSE – GDV
CUSIP – 36242H104

View source version on businesswire.com: https://www.businesswire.com/news/home/20221220005736/en/

Investor Relations:

Carter Austin

(914) 921-5475

caustin@gabelli.com

Source: The Gabelli Dividend & Income Trust

FAQ

What is the total distribution amount for Gabelli Dividend & Income Trust in 2022?

The total distribution amount for Gabelli Dividend & Income Trust in 2022 is $1.41 per share.

When is the additional distribution payment for GDV shareholders?

The additional distribution payment for GDV shareholders is on January 6, 2023.

What was the monthly distribution amount for GDV in 2022?

The monthly distribution amount for GDV in 2022 was $0.11 per share.

What are the total net assets of Gabelli Dividend & Income Trust?

Gabelli Dividend & Income Trust has total net assets of $2.5 billion.

What is the purpose of the additional distribution of $0.09 for GDV?

The additional distribution of $0.09 represents substantial net realized capital gains from the Fund's holdings.