Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 15

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 15
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The Gabelli Dividend & Income Trust

Notes to Financial Statements (Continued)

substantially all of its net investment company taxable income and net capital gains. Therefore, no provision for federal income taxes is required.

At December 31, 2024, the components of accumulated earnings/losses on a tax basis were as follows:

| Undistributed long                               
 term capital gains                               |     | $ |    45,262,640 |   |
| Net unrealized appreciation                      
 on investments and foreign currency translations |     |   | 1,139,088,336 |   |
| Other temporary differences*                     |     |   |    (1,936,085 | ) |
| Total                                            |     | $ | 1,182,414,891 |   |

| * | Other                                                                         
 temporary differences are due to preferred share class distributions payable. |

At December 31, 2024, the temporary differences between book basis and tax basis net unrealized appreciation were primarily due to corporate actions and the deferral of losses from wash sales for tax purposes and mark-to-market adjustments on investments in passive foreign investment companies.

The following summarizes the tax cost of investments and the related net unrealized appreciation at December 31, 2024:

|             |     | Cost |               |     | Gross        
 Unrealized   
 Appreciation |               |     | Gross        
 Unrealized   
 Depreciation |              |   |     | Net          
 Unrealized   
 Appreciation |               |
|:------------|:----|:-----|--------------:|:----|:-------------|--------------:|:----|:-------------|:-------------|:--|:----|:-------------|--------------:|
| Investments |     | $    | 1,805,972,255 |     | $            | 1,266,443,738 |     | $            | (127,287,985 | ) |     | $            | 1,139,155,753 |

The Fund is required to evaluate tax positions taken or expected to be taken in the course of preparing the Fund’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Income tax and related interest and penalties would be recognized by the Fund as tax expense in the Statement of Operations if the tax positions were deemed not to meet the more-likely-than-not threshold. For the year ended December 31, 2024, the Fund did not incur any income tax