RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend &amp; Income Trust (NYSE:GDV) (the &#34;Fund&#34;) approved the continuation of its policy of paying fixed monthly cash

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 per Share

GDV Maintains Fixed Monthly Distributions at $0.15 per Share Through December 2026

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend &amp;amp; Income Trust (NYSE:GDV) (the &amp;#34;Fund&amp;#34;) approved the continuation of its policy of paying fixed monthly cash</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Gabelli Dividend &amp; Income Trust will continue fixed monthly distributions of $0.15 per share for October through December 2026. The board may adjust December&#039;s payout if earnings fall short, and distributions comprise about 7% net investment income and 93% net capital gains on a book basis, with tax treatment disclosed to shareholders; NAV and market conditions will influence future allocations.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GDV keeps fixed monthly distributions at $0.15 for Oct-Dec 2026.</li><li>Record dates: Oct 16, 2026; Nov 13, 2026; Dec 11, 2026; payables Oct 23, Nov 20, Dec 18.</li><li>Board may adjust the December payout if earnings fall short.</li><li>Distributions mix: ~7% net investment income; ~93% net capital gains.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>The Gabelli Dividend &amp; Income Trust (GDV)</strong>: Primary subject; fixed distribution policy supports near-term income.</li><li><strong>GAMCO Investors, Inc. (GAMI)</strong>: Parent company; manager of GDV; governance or capital allocation could affect policy.</li><li><strong>Gabelli Funds, LLC (N/A)</strong>: Fund adviser; policy adjustments possible with board approval.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. It reports on a board-approved distribution policy for a closed-end fund, signaling income stability but not earnings surprises.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Fixed $0.15 monthly payout anchors income-focused GDV buyers.</li><li>Distribution-coverage risk if earnings underperform; potential December adjustment.</li><li>NAV movements and capital gains mix (7%/93%) influence price sensitivity.</li><li>Ex-date schedule (Oct 23, Nov 20, Dec 18) may drive near-term moves.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Distributions: $0.15 per share for Oct, Nov, Dec 2026.</li><li>Record dates: Oct 16, 2026; Nov 13, 2026; Dec 11, 2026.</li><li>Payable dates: Oct 23, 2026; Nov 20, 2026; Dec 18, 2026.</li><li>Total net assets: about $3.5 billion.</li><li>Mix: ~7% net investment income; ~93% net capital gains.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>GDV offers steady income; neutral price path over 1–3 months absent NAV surprises.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend &amp; Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GDV">GDV</a>) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.15 per share for each of October, November, and December 2026.</p> <table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: bottom ; ">Distribution Month</td><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: bottom ; ">Record Date</td><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: bottom ; ">Payable Date</td><td colspan="2" style="max-width:25%; width:25%; min-width:25%;;vertical-align: bottom ; ">Distribution Per Share</td></tr><tr><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; ">October</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">October 16, 2026</td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">October 23, 2026</td><td colspan="2" style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$0.15</td></tr><tr><td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; ">November</td><td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">November 13, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">November 20, 2026</td><td colspan="2" style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$0.15</td></tr><tr><td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: bottom ; ">December</td><td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">December 11, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">December 18, 2026</td><td colspan="2" style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">$0.15</td></tr></table> <p align="justify"><br></br>Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.</p>  <p align="justify">All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their &#34;net investment income&#34;, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.</p>  <p align="justify">If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.</p>  <p align="justify">Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would include approximately 7% from net investment income and 93% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.</p>  <p align="justify"><em>Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:</em></p>  <p align="justify"><em>Carter Austin</em><br></br><em>(914) 921-5475</em></p>  <p align="justify"><strong>About The Gabelli Dividend &amp; Income Trust</strong><br></br>The Gabelli Dividend &amp; Income Trust is a diversified, closed-end management investment company with $3.5 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/quote/GAMI">GAMI</a>).</p>  <p align="justify">NYSE – GDV<br></br>CUSIP – 36242H104</p>  <p>Investor Relations Contact:<br></br>Carter Austin<br></br>(914) 921-5475<br></br>caustin@gabelli.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwODg0NSM3NzczMTY2IzIyNTkwNTY="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MTJhMzRmMTktYTBhMy00MzIzLWI1NDgtZTllODkwNTkwZTU3LTEyNzA2MDYtMjAyNi0wOC0xMi1lbg==/tiny/The-Gabelli-Dividend-Income-Tr.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/cf7d0118-aa46-4067-9c06-12b3cb3e0bf5"><img src="https://ml.globenewswire.com/media/cf7d0118-aa46-4067-9c06-12b3cb3e0bf5/small/gabelli-png.png" border="0" width="150" height="40" alt="Primary Logo"></img></a></p>

Gabelli Dividend & Income Trust will continue fixed monthly distributions of $0.15 per share for October through December 2026. The board may adjust December's payout if earnings fall short, and distributions comprise about 7% net investment income and 93% net capital gains on a book basis, with tax treatment disclosed to shareholders; NAV and market conditions will influence future allocations.

News insight

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 per Share

AI summary

Sentiment rationale

Key facts

Corporate Developments