Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 Per Share Reaffirms Annualized Distribution of $1.80 Per Share

Core Viewpoint - The Gabelli Dividend & Income Trust has approved a continuation of its fixed monthly cash distribution policy, declaring a distribution of $0.15 per share for April, May, and June 2026, while increasing the annual distribution by 7% to $1.80 per share [1][2]. Distribution Details - The distribution schedule is as follows: - April: $0.15 per share, payable on April 23, 2026, with a record date of April 16, 2026 - May: $0.15 per share, payable on May 21, 2026, with a record date of May 14, 2026 - June: $0.15 per share, payable on June 23, 2026, with a record date of June 15, 2026 [2]. Strategic Evaluation - The Board of Trustees is actively evaluating potential strategic opportunities for the Fund, considering the current favorable environment for investing in broader equity markets [2]. Distribution Monitoring - The Board reviews potential distributions quarterly, taking into account the Fund's net asset value and market conditions. An adjusting distribution may be paid in December if necessary to meet minimum distribution requirements [3]. Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals in taxable accounts. Additionally, certain U.S. shareholders may incur a 3.8% Medicare surcharge on net investment income [4]. Return of Capital - If the Fund's earnings do not cover the total distributions in a year, the excess amount distributed will be considered a return of capital, generally not taxable and treated as a reduction in the shareholder's cost basis [5]. Distribution Composition - For 2026, distributions to common shareholders are expected to include approximately 4% from net investment income and 96% from net capital gains, with final determinations made after year-end [6]. Fund Overview - The Gabelli Dividend & Income Trust is a diversified, closed-end management investment company with total net assets of $3.4 billion, focusing on high total return with an emphasis on dividends and income [8].