The Gabelli Dividend & Income Trust Appoints Susan V. Watson to the Board
November 27, 2017 at 07:30 pm IST
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The Board of Trustees of The Gabelli Dividend & Income Trust announced the appointment of Susan V. Watson to the Board of the Fund effective November 16, 2017. Most recently, she served in the Board of Directors Practice at Spencer Stuart. She began her career as an analyst with Scudder Stevens & Clark and was subsequently a Senior Media Analyst at EF Hutton and Morgan Stanley.
The Gabelli Dividend & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to seek a high level of total return with an emphasis on dividends and income. Under normal market conditions, the Fund invests at least 80% of its assets in dividend paying or other income-producing securities. In addition, under normal market conditions, at least 50% of the Fund's assets will consist of dividend paying equity securities. In making stock selections, the Fund's investment adviser looks for securities that have a superior yield and capital gains potential. The Fund invests in a range of sectors, including financial services, food and beverage, consumer products, cable and satellite, business services, paper and forest products, computer software and services, wireless communications, publishing, agriculture, building and construction, health care, broadcasting and others. The Fund's investment advisor is Gabelli Funds, LLC.