Gabelli Dividend & Income Trust to Redeem Its Outstanding 5.25% Series G Cumulative Preferred Shares
18 November 2021 - 8:15AM
Business Wire
The Board of Trustees of The Gabelli Dividend & Income Trust
(NYSE:GDV) (the “Fund”) authorized the redemption of all
outstanding 5.25% Series G Cumulative Preferred Shares (the “Series
G Preferred Shares”). The redemption date will be announced at a
later date. The redemption price is $25.00 per Series G Preferred
Share, plus an amount equal to any accumulated and unpaid dividends
to the redemption date.
As of the redemption date, the Series G Preferred Shares will no
longer be deemed outstanding, dividends will cease to accumulate
and all the rights of the holders of the Series G Preferred shares
with respect to the Series G Preferred Shares will cease, except
the right to receive the redemption price.
All of the Series G Preferred Shares are held in book-entry form
through the Depository Trust Company ("DTC") and shares will be
redeemed in accordance with the procedures of DTC. Payment to DTC
for the Series G Preferred Shares will be made by Computershare
Trust Company, N.A., as paying agent for this redemption.
The Series G Preferred Shares, which trade on the New York Stock
Exchange under the symbol “GDV Pr G”, are rated “Aa3” by Moody’s
Investors Service and have an annual dividend rate of $1.3125 per
share. The Series G Preferred Shares were issued on July 1, 2016 at
$25.00 per share and pay distributions quarterly.
Questions relating to, and requests for additional copies of,
the notice of redemption and the related materials should be
directed to the Fund at 800-GABELLI (800-422-3554) or (914)
921-5070.
About The Gabelli Dividend & Income Trust The Gabelli
Dividend & Income Trust is a diversified, closed-end management
investment company with $3.2 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. (NYSE:GBL).
NYSE – GDV CUSIP – 36242H104 NYSE – GDV Pr G CUSIP –
36242H708
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211117006280/en/
Carter Austin (914) 921-5475
Laurissa Martire (914) 921-5399
Gabelli Dividend and Inc... (NYSE:GDV)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gabelli Dividend and Inc... (NYSE:GDV)
Historical Stock Chart
From Jul 2023 to Jul 2024