GAMCO Global Gold, Natural Resources & Income Trust Continues Monthly Distributions, Declaring Distributions of $0.07 Per Share
2015年11月20日 - 6:10AM
ビジネスワイヤ(英語)
The Board of Trustees of the GAMCO Global Gold, Natural
Resources & Income Trust (NYSE MKT:GGN) (the “Fund”) approved
the continuation of its policy of paying monthly cash
distributions. The Board of Trustees declared cash distributions of
$0.07 per share for each of January, February, and March 2016.
The distribution for January 2016 will be payable on January 22,
2016 to common shareholders of record on January 14, 2016.
The distribution for February 2016 will be payable on February
22, 2016 to common shareholders of record on February 12, 2016.
The distribution for March 2016 will be payable on March 23,
2016 to common shareholders of record on March 16, 2016.
Each quarter, the Board of Trustees reviews the amount of any
potential distribution from the income, realized capital gain, or
capital available. The Board of Trustees will continue to monitor
the Fund’s distribution level, taking into consideration the Fund’s
net asset value and the financial market environment. The
distribution rate should not be considered the dividend yield or
total return on an investment in the Fund.
The Fund makes annual distributions of its realized net
long-term capital gains and monthly cash distributions of all or a
portion of its investment company taxable income (which includes
ordinary income and net realized short-term capital gains) to
common shareholders. A portion of the distribution may be a return
of capital. Various factors will affect the level of the Fund’s
income, such as its asset mix and use of covered call strategies.
To permit the Fund to maintain more stable distributions, the Fund
may distribute more than the entire amount of income earned in a
particular period. Because the Fund’s current monthly distributions
are subject to modification by the Board of Trustees at any time
and the Fund’s income will fluctuate, there can be no assurance
that the Fund will pay distributions at a particular rate or
frequency.
If the Fund does not generate sufficient earnings (dividends and
interest income and realized net capital gain) equal to or in
excess of the aggregate distributions paid by the Fund in a given
year, then the amount distributed in excess of the Fund’s earnings
would be deemed a return of capital. Since this would be considered
a return of a portion of a shareholder’s original investment, it is
generally not taxable and is treated as a reduction in the
shareholder’s cost basis.
Short-term capital gains, qualified dividend income, ordinary
income, and return of capital, if any, will be allocated on a
pro-rata basis to all distributions to common shareholders for the
year. Based on the accounting records of the Fund as of November
13, 2015, each of the distributions paid to common shareholders in
2015 would be deemed 100% return of capital on a book basis. The
estimated components of each distribution are updated and 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 2015 will be
made after year end and can vary from the monthly estimates. All
shareholders with taxable accounts will receive written
notification regarding the components and tax treatment for all
2015 distributions in early 2016 via Form 1099-DIV.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing. More
information regarding the Fund’s distribution policy and other
information about the Fund is available by calling 800-GABELLI
(800-422-3554) or visiting www.gabelli.com.
The GAMCO Global Gold, Natural Resources & Income Trust is a
non-diversified, closed-end management investment company with $736
million in total net assets whose primary investment objective is
to provide a high level of current income. The Fund invests
primarily in equity securities of gold and natural resources
companies and intends to earn income primarily through a strategy
of writing (selling) primarily covered call options on equity
securities in its portfolio. The Fund is managed by Gabelli Funds,
LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).
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