Gabelli increases GDV stake with 5,000-share insider purchase

Rhea-AI Filing Summary

Gabelli Dividend & Income Trust (GDV) reported an insider transaction by Mario J. Gabelli, a director and control person of the adviser. On 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.

Insider Trade Summary

Net Buyer: 5,000 shares ($132,447)

Net Buy 3 txns

Insider GABELLI MARIO J

Role Director

Bought 5,000 shs ($132K)

Type	Security	Shares	Price	Value
Purchase	Common Shares, Par Value $0.001	5,000	$26.4894	$132K
holding	Common Shares, Par Value $0.001	--	--	--
holding	Common Shares, Par Value $0.001	--	--	--

Holdings After Transaction: Common Shares, Par Value $0.001 — 15,000 shares (Indirect, GGCP, Inc.); Common Shares, Par Value $0.001 — 145,812 shares (Direct)

Footnotes (1)

1. The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest. The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chair and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GABELLI MARIO J

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE NY 10580

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GABELLI DIVIDEND & INCOME TRUST [ GDV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Control Person of Adviser

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares, Par Value $0.001	11/18/2025		P		5,000	A	$26.4894	15,000	I	GGCP, Inc.(1)
Common Shares, Par Value $0.001								145,812	D
Common Shares, Par Value $0.001								626,000	I	Associated Capital Group, Inc.(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

2. The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chair and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

	Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli	11/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction was reported for GDV?

The filing reports that Mario J. Gabelli indirectly acquired 5,000 common shares of Gabelli Dividend & Income Trust (GDV) on 11/18/2025 at $26.4894 per share.

Who is the reporting person in this GDV Form 4 filing?

The reporting person is Mario J. Gabelli, who is listed as a director of GDV and as an other related party described as a Control Person of Adviser.

How many GDV shares does Mario J. Gabelli beneficially own after the reported trade?

After the transaction, he beneficially owns 15,000 common shares indirectly via GGCP, Inc., 145,812 common shares directly, and 626,000 common shares indirectly through Associated Capital Group, Inc.

Through which entities does Mario J. Gabelli hold indirect GDV shares?

Indirect holdings are reported through GGCP, Inc. with 15,000 shares and through Associated Capital Group, Inc. with 626,000 shares of GDV common stock.

What roles does Mario J. Gabelli hold at GGCP and Associated Capital Group?

He is the Chief Executive Officer, a director, and the controlling shareholder of GGCP, Inc., and the Executive Chair and controlling shareholder of Associated Capital Group, Inc.

Does Mario J. Gabelli claim full beneficial ownership of all GDV shares held by GGCP and Associated Capital Group?

No. The filing states that he has less than a 100% interest in both GGCP and Associated Capital Group and disclaims beneficial ownership of shares held by those entities that exceed his indirect pecuniary interest.