Company: GDV-PK
Filing Date: 2025-08-08
Form Type: N-14
Source: 0001829126-25-006008
Chunk: 112

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-08-08
Form: N-14
Chunk 112
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 purchased for purposes of distributions, voting and liquidation rights. Purchasers of common shares may obtain registered certificates by contacting the transfer agent.

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Preferred Shares

Dividend Trust

Currently, an unlimited number of Dividend Trust’s shares have been classified by its Board of Trustees as preferred shares, par value $0.001 per share. The terms of such preferred shares may be fixed by its Board of Trustees and would materially limit and/or qualify the rights of the holders of the Fund’s common shares. As of July 25, 2025, Dividend Trust had outstanding 1,910,360 shares of Series H Preferred, 5,804 shares of Series J Preferred, 5,403,016 shares of Series K Preferred, and 15,650,000 shares of Series M Preferred, which are senior securities of the Fund. The Series H Preferred Shares and Series K Preferred Shares are rated “Aa3” by Moody’s.

Distributions on the Series H Preferred Shares, which are fixed rate preferred shares, accumulate at an annual rate of 5.375% of the liquidation preference of $25 per share, are cumulative from the date of original issuance thereof, and are payable quarterly on March 26, June 26, September 26 and December 26 of each year commencing on September 26, 2019. The Fund’s outstanding Series H Preferred Shares are redeemable at the option of the Fund. The Series H Preferred Shares are listed and traded on the NYSE under the symbol “GDV Pr H.”

Distributions on the Series J Preferred Shares, which are fixed rate preferred shares, accumulate at an annualized dividend rate of 4.50% of the $25,000 per share liquidation preference on the Series J Preferred Shares until the Series J Preferred Shares’ mandatory redemption date of March 26, 2028. Dividends and distributions on the Series J Preferred Shares are payable quarterly on March 26, June 26, September 26 and December 26 of each year. The Fund is required to redeem the Series J Preferred Shares on March 26, 2028 at a price equal to $25,000 per share plus accumulated but unpaid dividends and distributions (whether or not earned or declared by the Fund) to, but not including, the date of redemption. The Series J Preferred Shares are not subject to optional redemption by the Fund unless such redemption is necessary, in the judgment of the Board, to maintain the Fund’s status