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    SEC Form SC 13G filed by Gabelli Dividend & Income Trust

    10/18/24 4:35:00 PM ET
    $GDV
    Investment Managers
    Finance
    Get the next $GDV alert in real time by email
    SC 13G 1 gdv13g_1999descendants.htm  


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13G


    Under the Securities Exchange Act of 1934*



    The Gabelli Dividend & Income Trust
    (Name of Issuer)



    5.375% Series H Cumulative Preferred Shares, Series J Cumulative Term Preferred Shares, 4.250% Series K Cumulative Preferred Shares & 4.80% Series M Cumulative Preferred Shares (“Preferred Shares”)
    (Title of Class of Securities)



    36242H880, 36242H872, 36242H864 & 36242H856
    (CUSIP Number)



    October 11, 2024
     (Date of Event which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    [   ] Rule 13d-1(b)
    [X] Rule 13d-1(c)
    [   ] Rule 13d-1(d)



    *The remainder of this cover page shall be filled out for the reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


    1


    CUSIP No. 36242H880, 36242H872, 36242H864 & 36242H856
    1
    Names of reporting persons
    I.R.S. identification nos. of above persons (entities only)
     
    MJG 1999 Descendants Trust

    2
    Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) 
     
     
    (b) X
     
    3
    Sec use only
     
    4
    Citizenship or place of organization
       Massachusetts
     
    Number Of
     
    Shares
     
    Beneficially
     
    Owned
     
    By Each
     
    Reporting
     
    Person
     
    With
    : 5
    :
    :
    :
    Sole voting power
     
    2,500,000
    : 6
    :
    :
    :
    Shared voting power
     
    None
    : 7
    :
    :
    :
    Sole dispositive power
     
    2,500,000
    :8
    :
    :
    :
    Shared dispositive power
     
    None
    9
     
     
     
    Aggregate amount beneficially owned by each reporting person
     
    2,500,000
    10
     
     
     
    Check box if the aggregate amount in row (9) excludes certain shares
    (SEE INSTRUCTIONS)
    11
     
     
     
    Percent of class represented by amount in row (9)
     
    11.07%
    12
     
     
     
    Type of reporting person (SEE INSTRUCTIONS) 
        IV


    2

    Item 1(a).    Name of Issuer

    The Gabelli Dividend & Income Trust

    Item 1(b).    Address of Issuer’s Principal Executive Offices

    One Corporate Center
    Rye, NY 10580-1422

    Item 2(a).    Name of Person Filing

    MJG 1999 Descendants Trust (the “Reporting Person”)

    Item 2(b).    Address of Principal Business Offices

    One Corporate Center, Rye, N.Y. 10580

    Item 2(c).    Citizenship

    Delaware

    Item 2(d).    Title of Class of Securities

    Series H, Series J, Series K & Series M Preferred Shares

    Item 2(e).    CUSIP No.

                    36242H880, 36242H872, 36242H864 & 36242H856
    Item 3.

    If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
    a.
    [  ] Broker or dealer registered under Section 15 of the Act;
    b.
    [  ] Bank as defined in Section 3(a)(6) of the Act;
    c.
    [  ] Insurance company as defined in Section 3(a)(19) of the Act;
    d.
    [  ] Investment company registered under Section 8 of the Investment Company Act of 1940;
    e.
    [  ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
    f.
    [  ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

    g.
    [  ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
    h.
    [  ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    i.
    [  ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
    j.
    [  ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
    k.
    [  ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

    Item 4.    Ownership

    The aggregate number of Securities to which this Schedule 13G relates is 2,500,000 Preferred Shares, representing 11.07% of the 22,580,582 Preferred Shares outstanding as reported by the Issuer.

     The Reporting Person exercises in its sole discretion the entire voting power with respect to all shares of the Issuer held and to be held by the Reporting Person.

    Item 5.    Ownership of Five Percent or Less of a Class

    Not applicable.

    Item 6.    Ownership of More than 5 Percent on Behalf of Another Person

    Not applicable.

    Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security
                       Being Reported on by the Parent Holding Company or Control Person

    Not applicable.

    Item 8.    Identification and Classification of Members of the Group

    Not applicable.

    Item 9.    Notice of Dissolution of Group.

    Not applicable.

    Item 10.    Certification.

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.




    3


    Signature

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Dated:  October 18, 2024






    MJG 1999 DESCENDANTS TRUST


    By:/s/ John Gabelli 
         John Gabelli
         Trustee




















    4
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