Gabelli Dividend & Income Trust is facing a proxy contest after Saba Capital proposed a nominee for the board ahead of the fund’s annual shareholder meeting. The board is urging shareholders to vote on the fund’s white proxy card and not return any proxy card sent by Saba. The meeting will include the election of four trustees, with three seats elected by common and preferred shareholders voting together and one seat elected by preferred shareholders voting separately. Saba reported beneficial ownership of 5,197,810 common shares, or 5.9% of the class.

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: 0001829126-26-002410), on March 17, 2026, and is solely responsible for the information contained therein.