CEF Weekly Review: Proxy Adviser Calls Out Gabelli

We review the CEF market valuation and performance through the second week of May and highlight recent market action. CEF market showed mixed performance; equity sectors outperformed while MLP and Utility funds lagged, with discounts remaining weak despite NAV strength. Loan CEFs underperformed due to distribution cuts from Fed rate moves and AI disruption concerns, widening their discounts after prior expensive levels.

Seeking Alpha • May 16, 2026

Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.15 Per Share, Reaffirms Annualized Distribution of $1.80 Per Share

RYE, N.Y., May 13, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (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 July, August, and September 2026.

GlobeNewsWire • May 13, 2026

Gabelli Dividend & Income Trust Announces Adjournment of 2026 Annual Meeting Until June 29, 2026

RYE, N.Y., May 11, 2026 (GLOBE NEWSWIRE) -- The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund”) announced today that its 2026 annual meeting of shareholders (the “Annual Meeting”) has been adjourned. The meeting will be reconvened at 8:00 a.m.

GlobeNewsWire • May 11, 2026

Leading Independent Proxy Advisor ISS Supports Saba's Case for Boardroom Change at Gabelli Dividend & Income Trust

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), the second-largest common shareholder of Gabelli Dividend & Income Trust (NYSE: GDV) (“GDV” or the “Fund”), today announced that leading independent proxy advisory firm Institutional Shareholder Services Inc. (“ISS”) has recommended that GDV shareholders support the election of Saba's independent nominee, Andre Clemot, to the Fund's Board of Trustees at the 2026 Annual Meeting.

Business Wire • May 4, 2026

Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend & Income Trust's Board Nominees on the White Proxy Card at GDV's Upcoming Annual Meeting

RYE, N.Y., April 30, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (the “Board”) (NYSE: GDV) (the “Fund”) is pleased to announce that Glass Lewis, a leading independent proxy advisory firm, has expressed its support for the election of all of the Board's nominees at the Fund's Annual Meeting of Shareholders scheduled for Monday, May 11, 2026. After reviewing the Fund's performance, corporate governance and slate of trustee candidates, as well as the candidate proposed by dissident shareholder Saba Capital Management (“Saba”), Glass Lewis has recommended that the shareholders vote: FOR ALL of the Board's nominees on the WHITE proxy card and DO NOT VOTE on Saba's gold proxy card.

GlobeNewsWire • Apr 30, 2026

GDV's $1.80 annual payout faces a hidden test as leverage amplifies market risk

The Gabelli Dividend & Income Trust (NYSE:GDV) has pushed to an all-time high of roughly $29, with shares changing hands at about $29 and annual distributions stepped up to $1.80 per share.

24/7 Wall Street • Apr 24, 2026

GDV's 6.1% Yield Faces a Hidden Test in 2026 Small-Cap Downturn

Gabelli Dividend & Income Trust (NYSE:GDV) trades near $29 and pays a $0.15 monthly distribution, up from $0.11 per month in 2024 to $0.14 in 2025 to $0.15 starting January 2026.

24/7 Wall Street • Apr 21, 2026

Mastercard and JPMorgan dividends fuel this fund's outsized 6.2% payout

Gabelli Dividend & Income Trust (NYSE:GDV) trades at roughly $29 and pays a $0.15 monthly distribution, which annualizes to about 6.2% on the share price.

24/7 Wall Street • Apr 17, 2026

GDV: Activist Pressure May Spark Action

The Gabelli Dividend & Income Trust trades at a -10.61% discount to NAV, offering a 6.58% yield and potential for capital appreciation. Saba Capital's 6.4% stake and contested proxy signal ongoing activist pressure, which could increase the likelihood of management actions to narrow the discount. GDV notes the Board remains committed to a preferred securities spin-off, which could enhance shareholder value and income, pending regulatory and shareholder approvals.

Seeking Alpha • Apr 16, 2026

6.3% Monthly Yield, up 7% in 6 Months. Is There a Catch With This CEF?

A $0.15 monthly distribution on a fund trading near $28 works out to roughly 6.3% annualized yield, paid monthly.

24/7 Wall Street • Apr 15, 2026