Investment Trust Shuffles Assets: SEC Says Hold On
Published Date: 2/20/2026
Notice
Summary
The Gabelli Dividend & Income Trust wants to move some of its assets into a new company it fully owns and then give shares of that new company to its current shareholders. This change could affect investors by giving them new stock to hold, and the SEC is reviewing the plan with a decision expected soon. If anyone wants a hearing about this, they must ask by March 16, 2026.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Closed‑end fund to spin off new shares
The Gabelli Dividend & Income Trust asked the SEC to let it move part of its assets into a new, wholly‑owned closed‑end fund and then give that new fund's common stock to the parent fund's current common shareholders. The application (File No. 812-15876) was filed August 11, 2025 and amended December 18, 2025; the SEC published notice on February 18, 2026. If approved, current shareholders would receive shares of the newly formed subsidiary to hold.
Deadline to request a hearing: March 16, 2026
If you want a hearing about this application, you must ask the SEC by 5:30 p.m., Eastern time, on March 16, 2026 and serve the Applicants with your request. Hearing requests must include the file number (812-15876) and be accompanied by proof of service or a certificate of service for lawyers.
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