Gabelli Dividend & Income SEC Filings

Gabelli Dividend & Income Trust director Elizabeth C. Bogan reported buying 400 common shares at $28.7299 per share. This purchase on January 27, 2026 brought her directly held stake in the fund to 400 common shares, according to the Form 4 insider trading report.

Gabelli Dividend & Income Trust director James P. Conn reported buying 1,000 common shares on January 27, 2026 at a price of $28.733 per share. Following this open-market purchase, he beneficially owns 1,000 common shares in a direct holding.

The Gabelli Dividend & Income Trust filed a current report stating that it plans to use a WHITE proxy card for its 2026 annual meeting of shareholders. A proxy card is the form shareholders use to vote their shares if they do not attend the meeting in person. The color designation helps investors identify the voting materials sent by the Trust.

The Trust also notes that this disclosure is being furnished under the securities laws and is not treated as filed for liability purposes, unless specifically incorporated by reference in another document.

Saba Capital Management and affiliates have disclosed a significant position in The Gabelli Dividend & Income Trust and signaled plans to influence its board composition. The group reports beneficial ownership of 5,694,804 common shares, representing 6.43% of the outstanding shares, based on 88,619,647 shares outstanding as of 6/30/25. Approximately $130,101,348 was paid to acquire these shares.

On January 7, 2026, a private fund advised by Saba Capital notified the trust that it intends to nominate Andre Clemot as an independent trustee candidate at the 2026 annual meeting and may conduct a proxy solicitation in support of his election. A nomination agreement between the fund and the nominee includes defense and indemnification provisions related to any litigation arising from the nomination and proxy effort.

Mario J. Gabelli, a director, 10% owner and control person of the adviser to Gabelli Dividend & Income Trust, reported multiple indirect purchases of the Trust’s Series M Cumulative Preferred Shares.

On 12/26/2025, entities he controls bought shares at $10 per share, including 400,000 shares through Associated Capital Group, Inc. (bringing its holdings to 3,500,000 shares), 3,000,000 shares through GAMCO Investors, Inc. (3,600,000 shares after the transactions), 200,000 shares through GGCP, Inc. (1,700,000 shares afterward), and 2,218,500 shares reflected in a position of 5,350,000 shares.

The filing notes that Mr. Gabelli has less than a 100% interest in these entities and disclaims beneficial ownership of any shares held in excess of his indirect pecuniary interest.

Gabelli-affiliated investors report owning 17,130,000 preferred shares of the Gabelli Dividend & Income Trust, representing 58.45% of the 29,307,680 preferred shares outstanding. The largest individual beneficial holder is Mario J. Gabelli with 5,430,000 shares, or 18.5% of the class, followed by Associated Capital Group with 3,500,000 shares (11.9%) and GAMCO Investors with 3,600,000 shares (12.3%). Gabelli Foundation, GGCP and GAMCO Asset Management report additional positions.

The group used approximately $62,185,000 in aggregate to buy additional Series M cumulative preferred shares in a private placement, including purchases on 12/26/2025 at $10.00 per share by several entities and by Mario J. Gabelli personally. They choose to file a long-form Schedule 13D to support ongoing communications with the fund’s management under Exchange Act reporting rules.

The Gabelli Dividend & Income Trust expanded its authorization for its Series M Cumulative Term Preferred Shares. On December 11, 2025, the fund adopted Amendment No. 2 to the Statement of Preferences for these preferred shares, designating an additional 10 million authorized and unissued common shares of beneficial interest, par value $0.001 per share, as Series M Preferred Shares. As a result, the fund is authorized to issue up to 30 million Series M Preferred Shares. As of December 11, 2025, 16,850,000 Series M Preferred Shares were issued and outstanding, and 13,150,000 Series M Preferred Shares were available to be issued and sold.

Gabelli Dividend & Income Trust director reports small share sales

A director of Gabelli Dividend & Income Trust (GDV) filed a Form 4 disclosing open-market sales of common shares. On 10/17/2025, the director sold 420 common shares at a price of $26.7811 per share, leaving 2,200 shares beneficially owned afterward. On 10/23/2025, the director sold an additional 500 common shares at a price of $26.86 per share, leaving 1,700 shares beneficially owned. All reported holdings are shown as directly owned, and no derivative securities transactions were reported.

Gabelli Dividend & Income Trust (GDV)11/18/2025, he indirectly acquired 5,000 common shares of GDV at a price of $26.4894 per share through GGCP, Inc.

After this purchase, he is reported as beneficially owning 15,000 common shares indirectly via GGCP, Inc., 145,812 common shares directly, and an additional 626,000 common shares indirectly through Associated Capital Group, Inc. The filing notes that Mr. Gabelli is the controlling shareholder of both GGCP and Associated Capital Group and disclaims beneficial ownership of shares beyond his indirect pecuniary interest.