GDV: No Longer An Attractive Entry Point (Rating Downgrade) [Seeking Alpha]
Gabelli Dividend & Income Trust Common Shares of Beneficial Interest (GDV)
US:NYSE Investor Relations:
gabelli.com/funds/products/-114.html
Company Research
Source: Seeking Alpha
This call was successful, with GDV outperforming and being up +18%. GDV was undervalued due to perceived high financials exposure, but this has since been corrected. GDV no longer presents an attractive entry point due to higher market valuations, but remains a strong long-term investment. The fund's discount to NAV has narrowed to -16% but could narrow further to the -10% to -12% range. Thesis We started covering the Gabelli Dividend & Income Trust ( NYSE: GDV ) last year, when we argued the fund was getting penalized unfairly for a perceived high financials exposure during the rates melt-up. The call proved to be a very robust one, with the CEF up +18% since, handily outperforming the S&P 500: CEFs sometimes get good entry points from both a fundamental and structural perspective. This was the case with GDV at the time, when our coverage article highlighted why we thought the fund held less financials than the market expected and why structurally the very high discount t
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High impacting Gabelli Dividend & Income Trust Common Shares of Beneficial Interest news events
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GDV
News
- GDV: Discount Remains Wide, Distribution Remains Steady [Seeking Alpha]Seeking Alpha
- GDV.PR.K: A Rates Play, Reiterate 'Buy' Rating [Seeking Alpha]Seeking Alpha
- Gabelli Dividend & Income Trust Nominates Media and Communications Veteran Robert P. Astorino for Election to Board of Trustees [Yahoo! Finance]Yahoo! Finance
- Gabelli Dividend & Income Trust Nominates Media and Communications Veteran Robert P. Astorino for Election to Board of TrusteesGlobeNewswire
- Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per ShareGlobeNewswire
GDV
Sec Filings
- 4/3/24 - Form DEFR14A
- 3/21/24 - Form DEF
- 3/21/24 - Form DEFA14A
- GDV's page on the SEC website