Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.14 Per Share

Rhea-AI Summary

Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.14 per share for April, May, and June 2025. This represents a 27% increase in annual distribution to $1.68 per share, effective from January 2025.

The distributions will be paid on April 23, May 22, and June 23, 2025, respectively. Based on current accounting records, the 2025 distributions comprise approximately 3% from net investment income, 4% from net capital gains, and 93% return of capital. The Board continues to evaluate strategic opportunities in the equity markets and monitors the Fund's distribution level considering market conditions and net asset value.

Positive

• 27% increase in annual distribution rate to $1.68 per share
• Consistent monthly distribution schedule maintained at $0.14 per share

Negative

• 93% of distributions classified as return of capital, indicating insufficient earnings to cover distributions
• Only 7% of distributions coming from actual earnings (3% investment income, 4% capital gains)

RYE, N.Y., Feb. 13, 2025 (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 $0.14 per share for each of April, May, and June 2025.

The Board of Trustees increased the annual distribution 27% to $1.68 per share, which will be paid $0.14 per share monthly, commencing with the January 2025 monthly distribution.

Distribution Month	Record Date	Payable Date	Distribution Per Share
April	April 15, 2025	April 23, 2025	$0.14
May	May 15, 2025	May 22, 2025	$0.14
June	June 13, 2025	June 23, 2025	$0.14

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 2025 would include approximately 3% from net investment income, 4% from net capital gains and 93% would be deemed a return of capital 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 2025 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 2025 distributions in early 2026 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 $3.0 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

THE GABELLI DIVIDEND & INCOME TRUST

Investor Relations Contact:
Carter Austin
(914) 921-5475
caustin@gabelli.com

FAQ

What is GDV's new monthly distribution amount for 2025?

GDV's new monthly distribution amount is $0.14 per share, representing an annual rate of $1.68 per share.

When are GDV's next distribution payment dates for Q2 2025?

GDV's distribution payment dates for Q2 2025 are April 23, May 22, and June 23, 2025.

What is the composition of GDV's 2025 distributions?

GDV's 2025 distributions comprise approximately 3% from net investment income, 4% from net capital gains, and 93% return of capital.

By what percentage did GDV increase its annual distribution rate?

GDV increased its annual distribution rate by 27%, from the previous rate to $1.68 per share.

What are the record dates for GDV's Q2 2025 distributions?

The record dates are April 15, May 15, and June 13, 2025 for the respective monthly distributions.