Gabelli Dividend & Income Trust Increases Annual Distribution 27% to $1.68 From $1.32 and Monthly Distribution Rate to $0.14 From $0.11

Rhea-AI Summary

The Gabelli Dividend & Income Trust (NYSE: GDV) has announced a significant 27% increase in its annual distribution from $1.32 to $1.68 per share. The monthly distribution rate will increase to $0.14 from $0.11 per share. This decision by the Board of Trustees comes following the Fund's performance and its $1.4 billion in portfolio unrealized gains.

The enhanced monthly distributions will begin in the first quarter of 2025, with payments scheduled for January 24, February 21, and March 24, 2025. The Fund notes that its distribution policy may be modified by the Board of Trustees, and the distribution rate should not be considered as the dividend yield or total return on investment.

Positive

• 27% increase in annual distribution from $1.32 to $1.68 per share
• Monthly distribution rate increase to $0.14 from $0.11
• Strong portfolio performance with $1.4 billion in unrealized gains

Negative

• Distribution policy subject to modification, indicating potential future changes
• Distribution rate does not guarantee total return on investment

RYE, N.Y., Dec. 04, 2024 (GLOBE NEWSWIRE) -- In light of the performance of The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund”) and the Fund’s $1.4 billion in portfolio unrealized gains, The Board of Trustees has decided to increase the annual distribution to $1.68 per share, which will be paid $0.14 per share monthly. The increased monthly distributions will commence with the previously announced distribution dates in the first quarter of 2025.

Distribution Month	Record Date	Payable Date	Distribution Per Share
January	January 16, 2025	January 24, 2025	$0.14
February	February 13, 2025	February 21, 2025	$0.14
March	March 17, 2025	March 24, 2025	$0.14

The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

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 $3.1 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

THE GABELLI DIVIDEND & INCOME TRUST

Investor Relations Contact:
Carter Austin
(914) 921-5475
caustin@gabelli.com

FAQ

What is the new annual distribution amount for Gabelli Dividend & Income Trust (GDV)?

The new annual distribution amount for GDV is $1.68 per share, increased from $1.32, representing a 27% increase.

When will GDV's increased monthly distribution of $0.14 begin?

The increased monthly distribution of $0.14 will begin in the first quarter of 2025, with the first payment on January 24, 2025.

What are the payment dates for GDV's Q1 2025 distributions?

The Q1 2025 distribution payment dates are January 24, February 21, and March 24, 2025, each at $0.14 per share.

How much are GDV's portfolio unrealized gains as of December 2024?

GDV reported $1.4 billion in portfolio unrealized gains.