Company: GDV-PK
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001652
Chunk: 18

Company: GABELLI DIVIDEND & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 18
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 common shares in the open market at investments of $20,259,551 and $3,360,518, respectively, and at average discounts of approximately 14.68% and 16.53% from its NAV.

28

The Gabelli Dividend & Income Trust

Notes to Financial Statements (Continued)

Transactions in shares of common stock were as follows:

|                                               |     | Year Ended   
 December 31, 
 2024         |          |   |     |        |             |   |     | Year Ended   
 December 31, 
 2023         |          |   |     |        |            |   |
|:----------------------------------------------|:----|:-------------|:---------|:--|:----|:-------|:------------|:--|:----|:-------------|:---------|:--|:----|:-------|:-----------|:--|
|                                               |     | Shares       |          |   |     | Amount |             |   |     | Shares       |          |   |     | Amount |            |   |
| Net decrease from repurchase of common shares |     |              | (864,994 | ) |     | $      | (20,259,551 | ) |     |              | (169,936 | ) |     | $      | (3,360,518 | ) |

As of December 31, 2024 Fund had an effective shelf registration authorizing the offering of $500 million of common or preferred shares or notes.

The Fund’s Declaration of Trust, as amended, authorizes the issuance of an unlimited number of shares of $0.001 par value Preferred Shares. The Preferred Shares are senior to the common shares and result in the financial leveraging of the common shares. Such leveraging tends to magnify both the risks and opportunities to common shareholders. Dividends on the Preferred Shares are cumulative. The Fund is required by the 1940 Act and by the Statements of Preferences to meet certain asset coverage tests with respect to the Preferred Shares. If the Fund fails to meet these requirements and does not correct such failure, the Fund may be required to redeem, in part or in full, the Series H, Series J, Series K, and Series M Preferred Shares at redemption prices of $25, $25,000, $25, and $10, respectively, per share plus an amount equal to the accumulated and unpaid dividends whether or not declared on such shares in order to meet these requirements. Additionally, failure to