Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 per Share

Rhea-AI Summary

Gabelli Dividend & Income Trust (NYSE:GDV) approved the continuation of its fixed monthly cash distribution policy and declared distributions of $0.15 per share for each of October, November, and December 2026. Record dates are October 16, November 13, and December 11, with payments on October 23, November 20, and December 18, respectively.

The Board will continue to review distribution levels relative to net asset value, earnings, and market conditions and may pay an adjusting December distribution to meet regulated investment company requirements. Based on 2026 accounting records to date, distributions are estimated at approximately 7% net investment income and 93% net capital gains, subject to final year-end tax determination.

Positive

• Continued fixed monthly distributions of $0.15 per share for Q4 2026
• Clear Q4 2026 schedule with three record and payable dates disclosed
• Estimated 2026 distributions comprise 7% net investment income and 93% net capital gains

Negative

• Distribution policy may be modified or discontinued by the Board at any time
• If annual earnings are insufficient, a portion of distributions may be treated as return of capital

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RYE, N.Y., Aug. 12, 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 October, November, and December 2026.

Distribution Month	Record Date	Payable Date	Distribution Per Share
October	October 16, 2026	October 23, 2026	$0.15
November	November 13, 2026	November 20, 2026	$0.15
December	December 11, 2026	December 18, 2026	$0.15

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 7% from net investment income and 93% 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 $3.5 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

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

FAQ

What dividend did Gabelli Dividend & Income Trust (GDV) declare for October, November, and December 2026?

Gabelli Dividend & Income Trust declared monthly cash distributions of $0.15 per share for October, November, and December 2026. According to the Fund, these fixed payments continue its monthly distribution policy, with specific record and payable dates set for each month in Q4 2026.

When are the record and payment dates for GDV's Q4 2026 monthly distributions?

For Q4 2026, GDV's record dates are October 16, November 13, and December 11. According to the Fund, the corresponding payable dates are October 23, November 20, and December 18, 2026, for the $0.15 per share monthly distributions.

How are Gabelli Dividend & Income Trust's 2026 distributions expected to be sourced?

Based on current 2026 accounting records, GDV expects about 7% from net investment income and 93% from net capital gains. According to the Fund, these estimates are for book purposes only, and the final tax components will be determined and reported after year end.

Can GDV's $0.15 monthly distribution include return of capital to shareholders?

Yes. According to the Fund, if annual earnings do not cover aggregate distributions, the excess portion would be treated as return of capital. This generally is not immediately taxable but reduces a shareholder's cost basis, potentially affecting future capital gains tax on sale.

Is Gabelli Dividend & Income Trust's monthly distribution policy guaranteed to continue?

No. According to the Fund, its fixed monthly distribution policy is subject to modification by the Board of Trustees at any time. There is no guarantee the current $0.15 per share monthly level, or the policy itself, will continue in future periods.

Will GDV pay an additional adjusting distribution in December 2026?

The Fund may pay an adjusting December distribution if needed to meet regulated investment company minimum distribution requirements. According to the Fund, this adjustment would reflect additional income and net realized capital gains exceeding monthly distributions, but any 2026 amount is not specified in advance.

How and when will GDV shareholders receive final 2026 tax information on distributions?

All individual GDV shareholders with taxable accounts will receive Form 1099-DIV in early 2027. According to the Fund, this document will provide the final tax characterization and components of all 2026 distributions, superseding the preliminary monthly composition estimates provided during the year.