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Gabelli Dividend & Income Trust, 6.00% Series D Cumulative Preferred Shares
Ticker Symbol: GDV-D* CUSIP: 36242H500 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/16/2019
Security has been Called for: Thursday, December 26, 2019
From the form N-23C-2 filed with the SEC on 11/21/19 -- THE GABELLI DIVIDEND & INCOME TRUST -- The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission (the “Commission”) that it intends to redeem securities of which it is the issuer and states that it is filing this notice with the Commission at least 30 days prior to the date set for the redemption.
(1) Title of the class of securities of The Gabelli Dividend & Income Trust (the “Fund”) to be redeemed: 6.00% Series D Cumulative Preferred Shares, par value $0.001 per share, liquidation preference of $25.00 per share (CUSIP #: 36242H500).
(2) The date on which the securities are to be called or redeemed: The Series D Preferred Shares will be redeemed on December 26, 2019.
(3) The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed: The Series D Preferred Shares are to be redeemed pursuant to Part II, Section 3(b) of the Fund’s Statement of Preferences for the Fund’s Series D Cumulative Preferred Shares creating and fixing the rights of the Series D Preferred Shares, a form of which was filed with the Securities and Exchange Commission on November 2, 2005 as Exhibit (D)(i) to Post-Effective Amendment No. 1 to the Fund’s Registration Statement on Form N-2.
(4) The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected: The Fund intends to redeem 100% (1,271,148 shares) of its outstanding Series D Preferred Shares at the redemption price of $25.00 per share, which equals the liquidation preference of $25.00 per share. Series D Preferred shareholders of record on December 18, 2019 will receive the quarterly distribution of $0.375 per Series D Preferred share on the payable date of December 26, 2019. Since the Redemption Date and the payable date for the quarterly distribution are both December 26, 2019, no accumulated, unpaid dividends will be included as a component of the Redemption Price. All of the Series D Preferred Shares are held in book-entry form through the Depository Trust Company (“DTC”), and such shares being redeemed will be redeemed in accordance with the procedures of DTC. Payment by the Fund of the Redemption Price will be made to Computershare Trust Company, N.A., as paying agent for this redemption. ____________ April 26, 2018 -- The Gabelli Dividend & Income Trust announced today that it will redeem one half (1,271,148 shares) of its outstanding 6.00% Series D Cumulative Preferred Shares. The shares will be redeemed at $25.30 per Series D Preferred Share, which consists of $25.00 per Series D Preferred Share (the liquidation preference) plus accumulated and unpaid dividends and distributions through the redemption date of June 8, 2018. ____________ June 2, 2014 --The spin-off of The Gabelli Global Small and Mid Cap Value Trust (Global Trust), a newly organized, diversified, closed-end management investment company, was approved by shareholders of the Gabelli Dividend & Income Trust (NYSE:GDV) (Dividend & Income Trust) at a Special Meeting on April 15, 2014. The Dividend & Income Trust announced today that the distribution of the Global Trust common shares to Dividend & Income Trust common shareholders will be at a ratio of one common share of the Global Trust for every ten common shares owned of Dividend & Income Trust. The Dividend & Income Trust will contribute approximately $100 million of its assets to the Global Trust. The Global Trust’s initial net asset value is anticipated to be $12.00 per share. Dividend & Income Trust common shareholders with fewer than ten common shares will not receive common shares of the Global Trust in the distribution but will be entitled to his or her pro rata share of the net proceeds from sales of fractional share interests. The distribution will be made on June 23, 2014 to Dividend & Income Trust common shareholders of record as of the official close of business on June 16, 2014. Shares of the Global Trust are expected to trade on the New York Stock Exchange on June 24, 2014 under the symbol GGZ.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Gabelli Dividend & Income Trust, 6.00% Series D Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/3/2010 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 6.00% ($1.50) per annum are paid quarterly on 3/26, 6/26, 9/26 & 12/26 to holders of record at the close of business on the 5th business day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). It is a condition of issuance that the preferred be rated as Aaa by Moody's and it must maintain that rating. Dividends paid by preferreds issued by closed-end funds can be 0% to 100% eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and can also be 0% to 100% eligible for the dividends received deduction for corporate holders (see page 66 of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GDV)
IPO - 11/1/2005 - 2.60 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: GSVDP Changed: 11/04/2005
Market Value $65.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: One Corporate Center, Rye, NY 10580 |
| Main Phone Number |
914-921-5100 |
| Fax Number |
914-921-5392 |
| Shareholder Services
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800-336-6983
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| Toll Free Phone Number |
800-422-3554 |
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