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

RYE, N.Y. -- 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 objective 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 & 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 assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships). As of March 31, 2006, GAMCO Investors, Inc. had $27.6 billion in assets under management.