GABELLI DIV. + INC. TR.

This month we got some increased market volatility, allowing me to put some of my cash pile to work in my closed-end fund portfolio. I also sold out of two positions, as they were starting to become on the more expensive side in terms of discounts/premiums. Adding to my positions regularly every month increases my cash flow annually, and even every month it grows.» Mehr auf seekingalpha.com

Gabelli Dividend & Income Trust (GDV) announced a plan to spin-off of a new preferred-focused fund, Gabelli Preferred Securities Trust (GPS). GDV increased its monthly distribution by over 27%, from $0.11 to $0.14, marking a significant hike since 2015. Despite the distribution increase, GDV continues to trade at a sizeable double-digit discount, likely because even with the distribution increase it is still a modest distribution rate.» Mehr auf seekingalpha.com

GDV-K is a top-quality preferred stock with a 4.25% cumulative annual dividend and a current yield of 5.65%, trading at $18.80. Gabelli Dividend & Income Trust (GDV) is a diversified closed-end fund with a strong credit rating (Aa3) and a consistent 13% discount to NAV. The fund's leverage will increase from 16% to 17% following the spin-off of Gabelli Preferred Securities Trust (GPS).» Mehr auf seekingalpha.com