{"id":956417,"date":"2026-04-30T07:06:52","date_gmt":"2026-04-30T11:06:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/"},"modified":"2026-04-30T07:06:52","modified_gmt":"2026-04-30T11:06:52","slug":"leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/","title":{"rendered":"Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; Income Trust\u2019s Board Nominees on the White Proxy Card at GDV\u2019s Upcoming Annual Meeting"},"content":{"rendered":"<h2>\nGlass Lewis Rejects Nominee Proposed by Dissident Shareholder Saba Capital Management<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">RYE, N.Y., April  30, 2026  (GLOBE NEWSWIRE) &#8212; The Board of Trustees of The Gabelli Dividend &amp; Income Trust (the \u201cBoard\u201d) (NYSE: GDV) (the \u201cFund\u201d) is pleased to announce that Glass Lewis, a leading independent proxy advisory firm, has expressed its support for the election of all of the Board\u2019s nominees at the Fund\u2019s Annual Meeting of Shareholders scheduled for Monday, May 11, 2026.<\/p>\n<p align=\"justify\">After reviewing the Fund\u2019s performance, corporate governance and slate of trustee candidates, as well as the candidate proposed by dissident shareholder Saba Capital Management (\u201cSaba\u201d), Glass Lewis has recommended that the shareholders vote:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">FOR ALL of the Board\u2019s nominees on the WHITE proxy card and<\/li>\n<li style=\"text-align:justify\">DO NOT VOTE on Saba\u2019s gold proxy card.<\/li>\n<\/ul>\n<p align=\"justify\">The support of Glass Lewis underscores the strength and experience of the Fund\u2019s nominees, who are aligned with the Fund\u2019s commitment to generating long-term growth, value creation, and shareholder interests.<\/p>\n<p align=\"justify\">In providing its recommendation to shareholders to vote the WHITE proxy card in favor of ALL of the Board\u2019s nominees, Glass Lewis noted:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\u201c[Saba] has not established a sufficient case that change is warranted, or that the election of Mr. Clemot could result in improved returns to shareholders\u201d;\n<\/li>\n<li style=\"text-align:justify\">\u201cMr. Clemot does not appear to have prior experience serving on the\u00a0board of a closed-end fund or other public company board\u201d; and\n<\/li>\n<li style=\"text-align:justify\">\u201cThe Fund&#8217;s performance in terms of TSRs [total shareholder returns] in recent periods compares favorably to the performance of similar funds, and the Fund&#8217;s discount to NAV has been narrowing recently.\u201d\n<\/li>\n<\/ul>\n<p align=\"justify\">The Board\u2019s nominees include:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Frank J. Fahrenkopf, Jr., former president &amp; CEO of the American Gaming Association, who brings deep expertise in regulatory affairs and corporate governance<\/li>\n<li style=\"text-align:justify\">Vice Admiral Colin J. Kilrain, USN (Ret.), whose background includes operational discipline and strategic leadership<\/li>\n<li style=\"text-align:justify\">Salvatore J. Zizza, Chairman of Zizza &amp; Associates Corp, a veteran executive with decades of experience in capital markets and financial services<\/li>\n<li style=\"text-align:justify\">Anthony S. Colavita, the Fund\u2019s Nominating Committee Chairman, who has extensive legal, governing, and budgetary oversight experience\n<\/li>\n<\/ul>\n<p align=\"justify\">\n        <strong>The Board encourages all the Fund\u2019s shareholders to vote FOR ALL of the Board\u2019s nominees on the <\/strong><br \/>\n        <strong><br \/>\n          <u>WHITE<\/u><br \/>\n        <\/strong><br \/>\n        <strong> proxy card.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Regardless of how many shares you own, your vote is very important.\u00a0Please sign, date and mail only the\u00a0<\/strong><br \/>\n        <strong><br \/>\n          <u>WHITE<\/u><br \/>\n        <\/strong><br \/>\n        <strong>\u00a0proxy cards you receive.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Please vote each\u00a0<\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>WHITE<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong>\u00a0proxy card you receive since each account must be voted separately.\u00a0Only your latest dated proxy counts. We urge you\u00a0<\/strong><br \/>\n        <strong><br \/>\n          <em>NOT to sign and to\u00a0<\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em><br \/>\n            <u>discard<\/u><br \/>\n          <\/em><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <em>\u00a0any Gold proxy card sent to you by Saba.<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Even if you have sent a Gold proxy card to Saba, you have every right to change your vote.\u00a0You may revoke that proxy, and vote as recommended by your Board by signing, dating and mailing the\u00a0<\/strong><br \/>\n        <strong><br \/>\n          <u>WHITE<\/u><br \/>\n        <\/strong><br \/>\n        <strong>\u00a0proxy card in the postage-paid envelope.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>We are available to address any questions on how to vote your shares; please call the Fund\u2019s proxy solicitation firm, EQ Fund Solutions, at 1\u00a0(888)\u00a0548-6498<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>About The Gabelli Dividend &amp; Income Trust<\/strong><br \/>\n        <br \/>The Gabelli Dividend &amp; Income Trust is a diversified, closed-end management investment company with $3.3 billion in total net assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).<\/p>\n<p align=\"justify\">NYSE \u2013 GDV<br \/>CUSIP \u2013 36242H104<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxMDAzNCM3NTc0NDQ5IzIyNTkwNTY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YzY0N2NjYjMtNDM3My00OWRlLTlkMzctODQxZmMxZjM0NzNlLTEyNzA2MDYtMjAyNi0wNC0zMC1lbg==\/tiny\/The-Gabelli-Dividend-Income-Tr.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Glass Lewis Rejects Nominee Proposed by Dissident Shareholder Saba Capital Management RYE, N.Y., April 30, 2026 (GLOBE NEWSWIRE) &#8212; The Board of Trustees of The Gabelli Dividend &amp; Income Trust (the \u201cBoard\u201d) (NYSE: GDV) (the \u201cFund\u201d) is pleased to announce that Glass Lewis, a leading independent proxy advisory firm, has expressed its support for the election of all of the Board\u2019s nominees at the Fund\u2019s Annual Meeting of Shareholders scheduled for Monday, May 11, 2026. After reviewing the Fund\u2019s performance, corporate governance and slate of trustee candidates, as well as the candidate proposed by dissident shareholder Saba Capital Management (\u201cSaba\u201d), Glass Lewis has recommended that the shareholders vote: FOR ALL of the Board\u2019s nominees on the WHITE proxy card and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; Income Trust\u2019s Board Nominees on the White Proxy Card at GDV\u2019s Upcoming Annual Meeting&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-956417","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; Income Trust\u2019s Board Nominees on the White Proxy Card at GDV\u2019s Upcoming Annual Meeting - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; Income Trust\u2019s Board Nominees on the White Proxy Card at GDV\u2019s Upcoming Annual Meeting - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Glass Lewis Rejects Nominee Proposed by Dissident Shareholder Saba Capital Management RYE, N.Y., April 30, 2026 (GLOBE NEWSWIRE) &#8212; The Board of Trustees of The Gabelli Dividend &amp; Income Trust (the \u201cBoard\u201d) (NYSE: GDV) (the \u201cFund\u201d) is pleased to announce that Glass Lewis, a leading independent proxy advisory firm, has expressed its support for the election of all of the Board\u2019s nominees at the Fund\u2019s Annual Meeting of Shareholders scheduled for Monday, May 11, 2026. After reviewing the Fund\u2019s performance, corporate governance and slate of trustee candidates, as well as the candidate proposed by dissident shareholder Saba Capital Management (\u201cSaba\u201d), Glass Lewis has recommended that the shareholders vote: FOR ALL of the Board\u2019s nominees on the WHITE proxy card and &hellip; Continue reading &quot;Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; Income Trust\u2019s Board Nominees on the White Proxy Card at GDV\u2019s Upcoming Annual Meeting&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-30T11:06:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxMDAzNCM3NTc0NDQ5IzIyNTkwNTY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; 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Income Trust (the \u201cBoard\u201d) (NYSE: GDV) (the \u201cFund\u201d) is pleased to announce that Glass Lewis, a leading independent proxy advisory firm, has expressed its support for the election of all of the Board\u2019s nominees at the Fund\u2019s Annual Meeting of Shareholders scheduled for Monday, May 11, 2026. After reviewing the Fund\u2019s performance, corporate governance and slate of trustee candidates, as well as the candidate proposed by dissident shareholder Saba Capital Management (\u201cSaba\u201d), Glass Lewis has recommended that the shareholders vote: FOR ALL of the Board\u2019s nominees on the WHITE proxy card and &hellip; Continue reading \"Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; Income Trust\u2019s Board Nominees on the White Proxy Card at GDV\u2019s Upcoming Annual Meeting\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/","og_site_name":"Market Newsdesk","article_published_time":"2026-04-30T11:06:52+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTcxMDAzNCM3NTc0NDQ5IzIyNTkwNTY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/leading-independent-proxy-advisory-firm-glass-lewis-recommends-shareholders-support-all-of-gabelli-dividend-income-trusts-board-nominees-on-the-white-proxy-card-at-gdvs-upcomin\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Leading Independent Proxy Advisory Firm Glass Lewis Recommends Shareholders Support all of Gabelli Dividend &amp; 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