Saba targets Gabelli Dividend & Income Trust board seat in May 11 proxy fight

Reuters04-01

Saba targets Gabelli Dividend & Income Trust board seat in May 11 proxy fight

Gabelli Dividend & Income Trust set May 11, 2026 shareholder meeting for contested trustee election following Saba Capital nomination of one rival candidate.
Board urged shareholders to vote FOR its nominees using WHITE proxy card.
Fund warned voting Saba proxy would prevent shareholders from voting full slate because Saba nominated only one trustee candidate.
Saba held 5.9% of common shares as of March 12, 2026 record date.
Proxy fight costs expected near USD 1 billion.

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: 0001829126-26-002941), on March 31, 2026, and is solely responsible for the information contained therein.

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