Rye, NY
February 15, 2006
CUSIP 36242H104
For information:
Carter Austin
(914) 921-5070

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) approved the continuation of monthly distributions of $0.10 per share for April, May and June 2006.

Under the Gabelli Dividend & Income Trust's distribution policy, the Trust pays a minimum annual distribution of 6% of the initial public offering price of $20.00 per share. Pursuant to this policy, the Trust pays $0.10 per share in the first eleven months of the year and an adjusting distribution in December which includes, if necessary, any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code. Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, capital gains or capital available. The Trust's distribution policy is subject to modification by the Board of Trustees at any time.

The distribution for April 2006 will be payable on April 24, 2006 to shareholders of record on April 13, 2006.

The distribution for May 2006 will be payable on May 24, 2006 to shareholders of record on May 16, 2006.

The distribution for June 2006 will be payable on June 26, 2006 to shareholders of record on June 16, 2006.

A portion of the distribution may be treated as long-term capital gain and qualified dividend income for individuals, each subject to the maximum Federal income tax rate, which is currently 15% in taxable accounts for individuals. If the Trust does not generate earnings from dividends, interest and net realized capital gains equal to or in excess of the aggregate distributions paid by the Trust for the year, then the amount distributed in excess of the Trust's investment income and net realized capital gains will be deemed a non-taxable return of capital.

Long-term capital gains, qualified dividend income, ordinary income and paid-in capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. As of February 15, 2006, the date of this press release, the current distribution would include approximately 25% from net investment income and 75% from net capital gains. The estimated components of each distribution are provided to shareholders of record in a notice accompanying the distribution and are available on our website ( The final determination of the sources of all distributions in 2006 will be made after year-end. All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2006 distributions in early 2007 via Form 1099-DIV.

The Gabelli Dividend & Income Trust is a non-diversified, closed-end management investment company with $2.3 billion in total assets whose primary investment objective is to provide a high level of total return with an emphasis on dividends and income. The Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.