Gabelli Dividend & Income Trust Updates Preferred Shares Terms

Gabelli Dividend & Income Trust ( (GDV) ) has shared an announcement.

On December 11, 2025, the Gabelli Dividend & Income Trust approved an amendment to its Series M Cumulative Term Preferred Shares’ terms, increasing the maximum number of shares that can be authorized and issued to 30 million. Of this, 16.85 million shares were already issued and outstanding, leaving 13.15 million shares available for potential issuance, significantly enhancing the Fund’s capacity for future fundraising and operational flexibility.

More about Gabelli Dividend & Income Trust

Gabelli Dividend & Income Trust operates in the financial services industry, providing income-focused investment products with a special emphasis on dividend-paying stocks and preferred shares. The Fund targets income-oriented investors seeking consistent returns from its portfolio offerings.

Average Trading Volume: 99,910

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