THE GABELLI DIVIDEND & INCOME TRUST
DECLARES ADDITIONAL DISTRIBUTION OF $0.09 PER SHARE

FOR IMMEDIATE RELEASE
Rye, NY
December 22, 2006
NYSE - GDV
CUSIP 36242H104
For information:
Carter Austin
(914) 921-5070


The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) declared an additional distribution of $0.09 per share payable on January 8, 2007 to shareholders of record on December 29, 2006.

In accordance with the Fund's distribution policy, this additional $0.09 per share distribution is being made to minimize any Federal excise tax on undistributed investment company taxable income. The distribution will be includable in 2006 income for shareholders subject to income tax. This raises the total distributions for the year to $1.54 per share.

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% for individuals.

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 December 22, 2006, the date of this press release, the current distribution would include approximately 44% from net investment income and 56% 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 (www.gabelli.com). 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 $2.5 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 Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.