Gabelli Dividend & Income Trust Trustees Have Approved Spin-Off of Gabelli Preferred Securities Trust Focusing on Preferred Securities
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The Gabelli Dividend & Income Trust (NYSE: GDV) has approved the spin-off of a new closed-end fund, Gabelli Preferred Securities Trust (GPS), focusing on preferred securities. This move aims to cater to changing investor preferences and diversify GDV's investment strategy.
February 24, 2025 | 1:45 pm
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The Gabelli Dividend & Income Trust (GDV) is spinning off a new fund, Gabelli Preferred Securities Trust, to focus on preferred securities. This strategic move may attract investors interested in income and capital appreciation through preferred securities.
The spin-off of Gabelli Preferred Securities Trust indicates GDV's strategic shift to include preferred securities, potentially attracting a new investor base and enhancing income and capital appreciation opportunities. This could positively impact GDV's stock price in the short term.
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