GABELLI DIVIDEND & INCOME TRUST (NYSE: GDV) entity buys 4,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GABELLI DIVIDEND & INCOME TRUST director Mario J. Gabelli reported an indirect open-market purchase of 4,500 common shares at $29.0933 per share through GGCP, Inc.
After this trade, GGCP is shown with 25,000 shares, Gabelli directly holds 145,812 shares, and Associated Capital Group, Inc. is shown with 626,000 shares. The filing states Gabelli is the controlling shareholder of GGCP and ACG and disclaims beneficial ownership beyond his indirect pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,500 shares ($130,920)
Net Buy
3 txns
Insider
GABELLI MARIO J
Role
Director
Bought
4,500 shs ($131K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares, Par Value $0.001 | 4,500 | $29.0933 | $131K |
| holding | Common Shares, Par Value $0.001 | -- | -- | -- |
| holding | Common Shares, Par Value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Shares, Par Value $0.001 — 25,000 shares (Indirect, GGCP, Inc.);
Common Shares, Par Value $0.001 — 145,812 shares (Direct)
Footnotes (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.
FAQ
What insider transaction did GDV report for Mario J. Gabelli?
The filing reports an indirect open-market purchase of 4,500 GDV common shares by an entity associated with Mario J. Gabelli. The shares were bought through GGCP, Inc., where Gabelli is the controlling shareholder, at a reported price of $29.0933 per share.
Is the GDV Form 4 purchase by Mario J. Gabelli direct or indirect?
The GDV purchase is reported as an indirect open-market transaction through GGCP, Inc. The filing lists ownership type as indirect and notes Gabelli as GGCP’s controlling shareholder, while he disclaims beneficial ownership beyond his indirect pecuniary interest.
What are Mario J. Gabelli’s reported GDV holdings after this transaction?
After the transaction, the filing shows 25,000 GDV shares held indirectly through GGCP, Inc., 145,812 shares held directly, and 626,000 shares held indirectly through Associated Capital Group, Inc. These amounts reflect totals reported for each ownership category on the transaction date.
Does the GDV Form 4 mention any disclaimers about Gabelli’s ownership?
Yes. The footnotes state that Mario J. Gabelli has less than a 100% interest in GGCP and Associated Capital Group, Inc. and disclaims beneficial ownership of GDV shares held by them beyond his indirect pecuniary interest, clarifying the extent of his reported economic stake.