The Gabelli Dividend & Income Trust Series H Pfd 2024年度报告

FORMN-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTEREDMANAGEMENT INVESTMENT COMPANIES Investment Company Act file number811-21423 Date of fiscal year end:December 31 Date of reporting period:December 31, 2024 Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission tostockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is notrequired to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management andBudget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions forreducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed thiscollection of information under the clearance requirements of 44 U.S.C. § 3507. Item 1. Reports to Stockholders. Include a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1). The Report to Shareholders is attached herewith. The Gabelli Dividend & Income TrustAnnual Report — December31, 2024 To Our Shareholders, For the year ended December31, 2024, the net asset value (NAV) total return of The Gabelli Dividend & Income Trust (the Fund) was13.4%, compared with a total return of 25.0% for the Standard & Poor’s (S&P) 500 Index. The total return for the Fund’s publicly tradedshares was 18.1%. The Fund’s NAV per share was $27.65, while the price of the publicly traded shares closed at $24.15 on the New YorkStock Exchange (NYSE). See page 3 for additional performance information. Enclosed are the financial statements, including the schedule of investments, as of December31, 2024. Investment Objective (Unaudited) The Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to seek a high level of totalreturn with an emphasis on dividends and income. In making stock selections, the Fund’s investment adviser looks for securities that have asuperior yield and capital gains potential. Performance Discussion (Unaudited) The U.S. stock market had another very impressive first quarter in 2024, up about 10% on a total return basis; this was after a double-digit gain in the fourth quarter of last year. The labor market remained strong, and the U.S. consumer remained healthy. Inflation, however,did not come down as far as most people had hoped. The Fed has repeatedly stated its intention to bring inflation down to 2%, but we arestill not there yet. For the last few quarters, the Fed has kept the Fed Funds target rate at 5.5%. The Federal Reserve kept short-term interest rates steady during the second quarter. Inflation is still above the Fed’s target rate of 2%,but we did have encouraging signs that the inflation rate was coming down. Long-term interest rates did not move materially in the quarter.The stock market was up again in the second quarter, approximately 4% on a total return basis. Growth stocks once again easilyoutperformed value stocks, a phenomenon that has been in place for well over a decade now. In the second quarter, value stocks, asmeasured by the S&P/Citigroup Value Index, were down about 2%. As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semiannual shareholder reportswill no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’swebsite (www.gabelli.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report. If youalready elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. To elect to receiveall future reports on paper free of charge, please contact your financial intermediary, or, if you invest directly with the Fund, you may call 800-422-3554 orsend an email request to info@gabelli.com. Despite concerns the economy might be slipping into a recession, the U.S. economy continued to perform well in the third quarter, nodoubt helped by a massive amount of liquidity in the financial system and debt-financed spending by the Federal government. In the thirdquarter, the total return of the S&P 500 was up about 6%, with value stocks, as measured by the S&P 500/Citigroup Value Index up 9%, andgrowth stocks, as measured by the S&P 500/Citigroup Growth Index, up about 4%. The current federal budget deficit, howe