Morningstar, Inc. Commentaries
Jun 10, 2014
Click here to access A Number of CEFs Tweak Distributions
Gabelli Dividend & Income (GDV) announced shareholder approval for the spin-off of a new fund, Gabelli Global Small and Mid Cap Value Trust. GDV will contribute $100 million to the new fund, which anticipates a NAV of about $12 per share. The shares will trade on the New York Stock Exchange under the symbol GGZ on June 24.