Gabelli Dividend & Income Trust to Redeem Its Outstanding 5.25% Series G Cumulative Preferred Shares
December 30 2021 - 3:15PM
Business Wire
The Board of Trustees of The Gabelli Dividend & Income Trust
(NYSE:GDV) (the “Fund”) authorized the redemption of all remaining
outstanding 5.25% Series G Cumulative Preferred Shares (the “Series
G Preferred Shares”). The Series G Preferred Shares will be
redeemed at $25.127604 per share (the “Redemption Price”), which
consists of $25.00 per share (the “Liquidation Preference”) plus
$0.127604 per share representing accumulated but unpaid dividends
and distributions through the redemption date of January 31, 2022
(the “Redemption Date”).
From and after the Redemption Date, the Series G Preferred
Shares being redeemed 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, without interest.
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 related materials may be directed
to:
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. (NYSE:GBL).
NYSE – GDV Pr G CUSIP – 36242H708
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version on businesswire.com: https://www.businesswire.com/news/home/20211230005184/en/
Investor Relations Contact: Carter Austin (914) 921-5475
caustin@gabelli.com
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