Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 Per Share Reaffirms Annualized Distribution of $1.80 Per Share

Rhea-AI Summary

Gabelli Dividend & Income Trust (NYSE:GDV) declared cash distributions of $0.15 per share for April, May and June 2026 and reaffirmed an annualized distribution of $1.80 per share (a 7% increase), paid monthly beginning January 2026.

The Board will continue to review distribution levels quarterly and may pay an adjusting December distribution to satisfy RIC requirements; tax-treatment estimates for 2026 show approximately 4% net investment income and 96% net capital gains on a book basis.

Positive

• Annual distribution increased 7% to $1.80 per share
• Monthly cash distribution fixed at $0.15 per share starting January 2026
• Payable dates set for April–June 2026 distributions (Apr 23, May 21, Jun 23)

Negative

• Distribution funded mostly by gains: ~96% net capital gains on a book basis for 2026
• Potential return of capital if Fund earnings are insufficient to cover aggregate distributions

RYE, New York, Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.15 per share for each of April, May, and June 2026.

The Board of Trustees increased the annual distribution 7% to $1.80 per share, which will be paid $0.15 per share monthly, commencing with the January 2026 monthly distribution.

Distribution Month	Record Date	Payable Date	Distribution Per Share
April	April 16, 2026	April 23, 2026	$0.15
May	May 14, 2026	May 21, 2026	$0.15
June	June 15, 2026	June 23, 2026	$0.15

Additionally, the Board of Trustees continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment to invest in the broader equity markets.

Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income", which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would include approximately 4% from net investment income and 96% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Carter Austin
(914) 921-5475

About The Gabelli Dividend & Income Trust
The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with $3.4 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE – GDV
CUSIP – 36242H104

FAQ

What distribution did Gabelli Dividend & Income Trust (GDV) declare for April–June 2026?

The Fund declared $0.15 per share for April, May and June 2026. According to the company, payable dates are April 23, May 21, and June 23, 2026, with record dates in mid-April, mid-May and mid-June respectively.

Has GDV changed its annualized distribution for 2026 and when did it take effect?

Yes. The Fund raised its annualized distribution to $1.80 per share, a 7% increase. According to the company, this rate is paid monthly at $0.15 per share beginning with the January 2026 distribution.

What are the tax composition estimates for GDV distributions in 2026?

Estimated 2026 distributions are ~4% net investment income and ~96% net capital gains on a book basis. According to the company, final tax components will be determined after year end and reported on Form 1099-DIV in early 2027.

Could GDV pay an adjusting distribution in December 2026 and why?

Yes. The Board may pay a December adjusting distribution to meet RIC minimum distribution rules. According to the company, any additional income or realized gains beyond monthly payouts would be included to satisfy tax and regulatory requirements.