Director Conn James P reported a purchase of 1,000 shares of Gabelli Dividend & Income Trust (NYSE: GDV) on January 27, 2026, in a Form 4 filing with the Securities and Exchange Commission. The filing records the purchase price as $28.733 per share, producing a total transaction value of $28,733.
Separately, the trust disclosed changes to the authorization of its Series M Cumulative Term Preferred Shares. The Statement of Preferences was amended to permit an additional 10 million Series M Preferred Shares, increasing the total authorized amount to 30 million.
The filing provides a snapshot of the Series M share count as of December 11, 2025: 16,850,000 Series M Preferred Shares were issued and outstanding at that date. With the expanded authorization, the trust now has 13,150,000 Series M shares available to issue in the future.
In the same regulatory filing, Gabelli Dividend & Income Trust indicated that it intends to use a white proxy card for its 2026 annual meeting of shareholders. The document did not include further particulars regarding the meeting, including the agenda or the timing.
These disclosures were made through required filings with the SEC and encompass both a director-level open-market purchase and corporate action to expand the trust's preferred share authorization. The filing presents the numerical details on the preferred share authorization and the existing issued balance, while also noting the trust's chosen mechanism for soliciting shareholder votes for the upcoming annual meeting.
The regulatory filing does not add additional context about how the newly authorized preferred shares might be used, nor does it relay any agenda items or dates for the annual meeting. The information is limited to the transaction and the formal amendments and disclosures recorded with the SEC.
Editor note: The facts presented here are taken from the trust's SEC filings and the Form 4 submitted on January 27, 2026.