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Gabelli Dividend & Income Trust extends Series M preferred mandatory redemption to Dec. 26, 2028
- Gabelli Dividend & Income Trust extended the mandatory redemption date for Series M Cumulative Term Preferred Shares to Dec. 26, 2028.
- Holders get optional put rights on June 26, 2027; Dec. 26, 2027; June 26, 2028.
- A mandatory put applies on Dec. 26, 2026, unless holders opt out to continue holding through 2028.
- Authorized Series M Preferred Shares increased to 50 million, including 20 million newly designated shares effective Aug. 18, 2028.
- Series M Preferred Shares outstanding totaled 20,881,000; another 29,119,000 shares remain available for issuance.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gabelli Dividend & Income Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001829126-26-009224), on August 21, 2026, and is solely responsible for the information contained therein.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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