Business Context and Reporting Period
This Form 8-K is a current report filed by The Gabelli Dividend & Income Trust on May 14, 2025. The filing addresses a corporate action regarding the amendment of the Statement of Preferences for the Fund's Series M Cumulative Term Preferred Shares.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to the dividend rate adjustment for the Series M Preferred Shares:
- Series M Dividend Rate (Prior): 4.80% per annum
- Series M Dividend Rate (New): 5.20% per annum
- Effective Date of Change: May 1, 2025
Material Changes
On March 19, 2025, the Fund adopted Amendment No. 1 to the Statement of Preferences for the Series M Cumulative Term Preferred Shares. This amendment increased the annual dividend rate from 4.80% to 5.20%, effective May 1, 2025. No other material changes to operations, assets, or liabilities are reported in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific amendment to the preferred share terms. The document serves strictly to disclose the change in dividend preference rights.
Investor Verification Checklist
- Verify the exact terms of the Series M Statement of Preferences Amendment filed as Exhibit 3.1.
- Confirm the impact of the increased dividend rate (5.20%) on the Fund's overall distribution policy and cash flow requirements.
- Check subsequent filings for any changes to the Fund's net asset value (NAV) or total return following the May 1, 2025 effective date.