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Gabelli Dividend & Income Trust, 5.25% Series G Cumulative Preferred Shares
Ticker Symbol: GDV-G* CUSIP: 36242H708 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/31/2022
Security has been Called for: Monday, January 31, 2022
December 30.2021 -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) authorized the redemption of all remaining outstanding 5.25% Series G Cumulative Preferred Shares (the “Series G Preferred Shares”). The Series G Preferred Shares will be redeemed at $25.127604 per share (the “Redemption Price”), which consists of $25.00 per share (the “Liquidation Preference”) plus $0.127604 per share representing accumulated but unpaid dividends and distributions through the redemption date of January 31, 2022 (the “Redemption Date”).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Gabelli Dividend & Income Trust, 5.25% Series G Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 7/1/2021 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 5.25% per annum ($1.3125 per annum or $0.328125 per quarter) will be paid quarterly on 3/26, 6/26, 9/26 & 12/26 to holders of record on the record date that will be the 5th business day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). 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). This security was rated as Aa3 by Moody’s at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, 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 - 6/28/2016 - 4.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: GDVVP Changed: 7/05/2016
Market Value $100.0 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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