Company: GDV-PK
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001829126-25-007141
Chunk: 23

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 23
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26, 2028. Dividends and distributions on Series J Preferred Shares will be payable quarterly on March 26, June 26, September 26, and December 26 in each year commencing on June 26, 2021. The Series J Preferred Shares are subject to mandatory redemption by the Fund on March 26, 2028 and in certain other circumstances.

On October 11, 2024, June 6, 2025, and June 26, 2025, respectively, the Fund issued 15,000,000 shares, 300,000 shares, and 350,000 shares of 5.200% Series M Preferred, receiving $149,850,000, $3,000,000, and $3,500,000, respectively, after deduction of estimated offering expenses. The Series M Preferred has a liquidation preference of $10 per share, is callable at the Fund’s option on December 26, 2025, is puttable during the 60-day period ending December 26, 2025, and June 26, 2026, and has a mandatory redemption date

30

The Gabelli Dividend & Income Trust

Notes to Financial Statements (Unaudited) (Continued)

on December 26, 2026. On May 1, 2025 the Board approved an increase in the distribution rate of the Series M Preferred to 5.200%.

On January 31, 2022, the Fund redeemed and retired all remaining outstanding shares of Series G Preferred at the liquidation value of $25 per share plus accrued and unpaid dividends.

The Fund, at its option, may redeem the 5.375% Series H Cumulative Preferred Shares, in whole or in part at the liquidation preference plus accumulated and unpaid dividends. The Board has authorized the repurchase of Series H and Series K Preferred Shares in the open market at prices less than the $25 liquidation value per share. During the six months ended June 30, 2025 and the year ended December 31, 2024, the Fund repurchased and retired 29,668 and 48,572 Series H Preferred at investments of $677,648 and $1,186,060, and at average discounts of approximately 8.72% and 2.41%. During the six months ended June 30, 2025 and the year ended December 31, 2024, the Fund repurchased and retired 76,