Gabelli Dividend & Income Trust Announces Partial Redemption of Its 6.00% Series D Cumulative Preferred Shares
April 26 2018 - 4:40PM
Business Wire
The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”)
announced today that it will redeem one half (1,271,148 shares) of
its outstanding 6.00% Series D Cumulative Preferred Shares (the
“Series D Preferred Shares”). The shares will be redeemed at $25.30
per Series D Preferred Share (the “Redemption Price”), which
consists of $25.00 per Series D Preferred Share (the liquidation
preference) plus accumulated and unpaid dividends and distributions
through the redemption date of June 8, 2018.
From and after the redemption date, the Series D Preferred
Shares being redeemed will no longer be deemed outstanding,
dividends will cease to accumulate and all the rights of the Series
D Preferred shareholders with respect to the redeemed Series D
Preferred Shares will cease, except the right to receive the
Redemption Price, without interest.
All of the Series D Preferred Shares are held in book-entry form
through the Depository Trust Company ("DTC") and shares will be
redeemed in accordance with the procedures of DTC. Payment to DTC
for the Series D Preferred Shares will be made by Computershare
Trust Company, N.A., as paying agent for this redemption.
Questions relating to and requests for additional copies of, the
notice of redemption and the related materials should be directed
to the Fund at 800-GABELLI (800-422-3554) or (914) 921-5070.
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version on businesswire.com: https://www.businesswire.com/news/home/20180426006855/en/
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