Gabelli Dividend to redeem half of its 5.875% series A preferreds

By Wendy Van Sickle

Columbus, Ohio, April 6 – Gabelli Dividend & Income Trust said it will redeem half of its outstanding 5.875% series A cumulative preferred shares.

The preferred shares will be redeemed at $25.1631944 each on May 6, which amount reflects the liquidation preference plus accrued dividends and distributions, according to a press release.

Gabelli is a Rye, N.Y.-based investment firm.

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