Gabelli Dividend & Income Trust Announces the Offering of $50 Million of 5.375% Series H Cumulative Preferred Shares
Gabelli Dividend & Income Trust Common Shares of Beneficial Interest (GDV)
US:NYSE Investor Relations:
gabelli.com/funds/products/-114.html
Company Research
Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)-- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) is pleased to announce the pricing of an offering of two million 5.375% Series H Cumulative Preferred Shares (“Series H Preferred”) with an aggregate liquidation value of $50 million. The offering is expected to close on Friday, June 7, 2019, subject to customary closing conditions. The Fund expects to use the net proceeds from the offering to redeem a portion of the Fund’s outstanding Series E Auction Rate Preferred Shares. The Series H Preferred is perpetual, non-callable for five years, and will have a liquidation preference of $25 per share. Distributions are scheduled to be paid quarterly beginning on September 26, 2019. Shares of the Series H Preferred are expected to commence trading on the New York Stock Exchange under the symbol “GDV Pr H” within thirty days of the date of is
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Sec Filings
- 4/3/24 - Form DEFR14A
- 3/21/24 - Form DEF
- 3/21/24 - Form DEFA14A
- GDV's page on the SEC website