The Fund announced that GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) and affiliates purchased $107 million of the Fund’s Series M Cumulative Preferred Shares (“Series M Preferred”). The Series M preferred carries a 4.80% dividend rate, is puttable/callable in December 2025 and has a mandatory redemption in December 2026. As of 2024-10-18, the Fund’s leverage was 12.0% and Equity Tax Advantage Funds Group leverage was 20.2%.
Gabelli Div & Incm Tr
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