GABELLI DIVIDEND & INCOME TRUST — Form 8-K
Filed August 21, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
The Gabelli Dividend & Income Trust amended its Series M Cumulative Preferred Shares on August 18, 2026, increasing total authorized shares from 30 million to 50 million. Key changes: mandatory redemption date extended from December 26, 2026 to December 26, 2028; dividend rate increased effective May 1, 2025; new holder put options added for June 26, 2027, December 26, 2027, and June 26, 2028. The trust previously approved up to 20 million additional shares in August 2026 and 10 million in November 2025.
Why this rating
Routine preferred share structure amendment typical for closed-end fund capital management; no counterparty transaction, no material financial event; administrative refinancing of existing preferred issuance.
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