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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Gabelli Dividend and Income Trust | NYSE:GDV | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.19 | 0 | 12:00:02 |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO RULE 23c-2 UNDER THE INVESTMENT COMPANY ACT OF 1940
Investment Company Act File No. 811-21423
_____________________
THE GABELLI DIVIDEND & INCOME TRUST
(Name of Registrant)
_____________________
One Corporate Center
Rye, New York 10580-1422
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code: (914) 921-5070
_____________________
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, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the "Act"), 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:
5.875% Series A Cumulative Preferred Shares, par value $0.001 per share, liquidation preference of $25.00 per share (the "Series A Preferred Shares") (CUSIP #: 36242H203).
(2)The date on which the securities are to be called or redeemed:
The Series A Preferred Shares will be redeemed on May 6, 2020 (the "Redemption Date").
(3)The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:
The Series A Preferred Shares are to be redeemed pursuant to Part II, Section 3(b) and (c) of the Fund's Statement of Preferences for the Fund's Series A Cumulative Preferred Shares creating and fixing the rights of the Series A Preferred Shares, a form of which was filed with the Securities and Exchange Commission on October 5, 2004 as Exhibit (9)(A)(II) to Pre-Effective Amendment No. 2 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 one half (1,524,010 shares) of its outstanding Series A Preferred Shares. Holders of the Series A Preferred Shares being so redeemed will receive $25.1631944 per share for each share of Series A Preferred Shares redeemed (the "Redemption Price"), which
consists of the liquidation preference of $25.00 per share, together with accumulated and unpaid dividends and distributions of $0.1631944 per share to the Redemption Date. All Series A 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.
2
SIGNATURE
Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notification of Redemption of Securities to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rye, and the State of New York, on the 7th day of April, 2020.
The Gabelli Dividend & Income Trust
_/s/ John C. Ball_____
By: John C. Ball
Title: Treasurer and Principal Financial
and Accounting Officer
3
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