0001193125-19-297501.txt : 20191121 0001193125-19-297501.hdr.sgml : 20191121 20191121152815 ACCESSION NUMBER: 0001193125-19-297501 CONFORMED SUBMISSION TYPE: N-23C-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20191121 FILED AS OF DATE: 20191121 DATE AS OF CHANGE: 20191121 EFFECTIVENESS DATE: 20191121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GABELLI DIVIDEND & INCOME TRUST CENTRAL INDEX KEY: 0001260729 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-23C-2 SEC ACT: 1940 Act SEC FILE NUMBER: 817-00895 FILM NUMBER: 191237340 BUSINESS ADDRESS: STREET 1: ONE CORPORATE CENTER CITY: RYE STATE: NY ZIP: 10580 N-23C-2 1 d799624dn23c2.htm THE GABELLI DIVIDEND & INCOME TRUST THE GABELLI DIVIDEND & INCOME TRUST

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO

RULE 23c-2 UNDER THE INVESTMENT COMPANY ACT OF 1940

Investment Company Act File No. 811-21423

 

 

THE GABELLI DIVIDEND & INCOME TRUST

(Name of Registrant)

 

 

One Corporate Center

Rye, New York 10580-1422

(Address of Principal Executive Offices)

Registrant’s Telephone Number, including Area Code: (914) 921-5070

 

 

The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission (the “Commission”) that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the “Act”), and states that it is filing this notice with the Commission at least 30 days prior to the date set for the redemption.

 

(1)

Title of the class of securities of The Gabelli Dividend & Income Trust (the “Fund”) to be redeemed:

6.00% Series D Cumulative Preferred Shares, par value $0.001 per share, liquidation preference of $25.00 per share (the “Series D Preferred Shares”) (CUSIP #: 36242H500).

 

(2)

The date on which the securities are to be called or redeemed:

The Series D Preferred Shares will be redeemed on December 26, 2019 (the “Redemption Date”).

 

(3)

The applicable provisions of the governing instrument pursuant to which the securities are to be called or redeemed:

The Series D Preferred Shares are to be redeemed pursuant to Part II, Section 3(b) of the Fund’s Statement of Preferences for the Fund’s Series D Cumulative Preferred Shares creating and fixing the rights of the Series D Preferred Shares, a form of which was filed with the Securities and Exchange Commission on November 2, 2005 as Exhibit (D)(i) to Post-Effective Amendment No. 1 to the Fund’s Registration Statement on Form N-2.

 

(4)

The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:

The Fund intends to redeem 100% (1,271,148 shares) of its outstanding Series D Preferred Shares at the redemption price of $25.00 per share (the “Redemption Price”), which equals the

liquidation preference of $25.00 per share. Series D Preferred shareholders of record on December 18, 2019 will receive the quarterly distribution of $0.375 per Series D Preferred share on the payable date of December 26, 2019. Since the Redemption Date and the payable date for the quarterly distribution are both December 26, 2019, no accumulated, unpaid dividends will be included as a component of the Redemption Price. All of the Series D Preferred Shares are held in book-entry form through the Depository Trust Company (“DTC”), and such shares being redeemed will be redeemed in accordance with the procedures of DTC. Payment by the Fund of the Redemption Price will be made to Computershare Trust Company, N.A., as paying agent for this redemption.

 

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SIGNATURE

Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notification of Redemption of Securities to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Rye, and the State of New York, on the 21st day of November, 2019.

 

    The Gabelli Dividend & Income Trust   
    /s/ John C. Ball                           
    By:    John C. Ball   
    Title:    Treasurer and Principal Financial
and Accounting Officer		   

 

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