David Siino Named Associate Portfolio Manager of
the Gabelli Dividend & Income Trust

Rye, NY
June 29, 2006
Contact :
Douglas R. Jamieson
President, Chief Operating Officer
Ph: (914) 921-5020

For further information please visit www.gabelli.com

GAMCO Investors, Inc. (NYSE: GBL) today named David J. Siino, CFA as Associate Portfolio Manager of the Gabelli Dividend & Income Trust. He will report to Barbara G. Marcin who has been a portfolio manager of this team-managed Fund since its inception on November 28, 2003.

The Gabelli Dividend & Income Trust is a non-diversified, closed-end management investment company. The Trust's investment object is to seek a high level of total return with an emphasis on dividends and income.

Commenting on his appointment, Barbara Marcin said, "David's experience covering the automotive and the financial sectors makes him a valuable addition to help our team find companies that are suitable to the objectives of the Gabelli Dividend and Income Trust."

Mr. Siino joined Gabelli in 1999 while attending the Bernard Baruch College where he received his MBA. Mr. Siino began his career as an Assistant Research Director at Barron's. Mr. Siino graduated cum laude with a BA in English from Hofstra University.

GAMCO Investors, Inc., through its subsidiaries, manages approximately $25 billion in assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships).