Gabelli Dividend and Income Preferred OTC Ticker

26 thoughts on “Gabelli Dividend and Income Preferred OTC Ticker”

1. Its up at Fidelity now.

2. Bought some GDVVP at $25.10 through TDAmeritrade’s Thinkorswim trading platform.

3. Just had an order execute through TD for 500 share at $25.10.

4. Vanguard fixed income desk gave me a last trade of 25.10, but no bid/ask and said no market maker was trading it yet and advised me to try again tomorrow…

   1. Vanguard said its market maker businesses will not provide until tomorrow. Took the info needed so tomorrow they will call when available. I will place limit order and if meant to be -fine.

5. Fidelity doesn’t recognize the symbol. I contacted them and they now have their back office team researching the issue. I’m not sure why I need to ask. They did figure out it is trading OTC now, so that’s a start. I would expect brokerage firms to be on top of new additions and be proactive.

   1. Fidelity says GDVVP will be available tomorrow. They tried to do it today but were unable.

      1. Looks like Fidelity is a day late and a few dollars short. That’s disappointing considering I do the majority of my investing with Fidelity. Likewise Rob, I would expect a major broker such as Fidelity to be all over new issues like white on rice…

         1. Not all rice is white. Just saying.

            1. It’s just an expression. Take it easy snowflake…

      2. They actually did get it trading late in the session.

6. anyone know the correct Grey ticker for series H

   1. FINRA lists GDVVP with Series H.
      https://otce.finra.org/otce/dailyList?viewType=Additions

7. Tim – Both Quantum and TDA show GDVVP to be Ser G, NOT Ser H

   1. To be more accurate, it’s TOS, not TDA that shows GDVVP as Ser G

      1. The more I look, the more I’m sure both TOS and QO are wrong…. GDVVP is correct temp for Ser H

         1. TOS has now corrected its description of GDVVP to Ser H

   2. QOL does tie GDVVP to the Series G but it says
      Previous Ticker Symbol: GDVVP Changed: 7/05/16

      QOL is not listing the new issue yet on their Special Lists – IPO’s of Preferred and Income Securities list.

      Fidelity and Etrade do not recognize the symbol as of this moment.
      freerealtime is showing trades going through:
      https://quotes.freerealtime.com/quotes/gdvvp/TimeAndSales

   3. There was a mix up when I called TD and the trade desk WAS quoting GDVVP alt Series not new H. Explained and they said a call back was nec.

      1. …sorry Alt Series G

8. Are GDV pfds Tax exempt? Quantumoline says they are Variable. Should they be purchased for a Taxable or Tax exempt account. I am thinking Taxable as some portion of the distribution is tax exempt.

   1. I own 2 CEF preferreds from Gabelli and 2 from Allianz Global. The mix of qualified income / non-qualified income / return of capital paid, seems to fluctuate each year and is impossible to predict. I would expect similar from this new issue.

9. Vanguard has even higher. I will wait. Maybe limit order.

10. Schwab still can’t take an order a/o 10:45 CDST . . .

11. TDA shows it trading at 25.12.

    1. I was able to place an order online with TDA. TDA shows last trade at 25.10.

Comments are closed.