GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.05 Per Share
2018年2月23日 - 11:20PM
ビジネスワイヤ(英語)
The Board of Trustees of the GAMCO Global Gold, Natural
Resources & Income Trust (NYSE American:GGN) (the “Fund”)
approved the continuation of its policy of paying monthly cash
distributions. The Board of Trustees declared cash distributions of
$0.05 per share for each of April, May, and June 2018.
The distribution for April 2018 will be payable on April 23,
2018 to common shareholders of record on April 16, 2018.
The distribution for May 2018 will be payable on May 23, 2018 to
common shareholders of record on May 16, 2018.
The distribution for June 2018 will be payable on June 22, 2018
to common shareholders of record on June 15, 2018.
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 would be treated as a reduction in the
shareholder’s cost basis. It is expected that the distributions to
date will be treated for tax purposes as a return of capital.
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 currently
available, each of the distributions paid to common shareholders in
2018 would include approximately 1% from net investment income, 12%
from net capital gains and 87% would be deemed a return of capital
on a book basis. This does not represent information for tax
reporting purposes. 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 2018 will be made after year end and can vary from
the monthly estimates. Shareholders should not draw any conclusions
about the Fund’s investment performance from the amount of the
current distribution. All shareholders with taxable accounts will
receive written notification regarding the components and tax
treatment for all 2018 distributions in early 2019 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 Fund’s NAV per share will fluctuate with changes in the
market value of the Fund’s portfolio securities. Stocks are subject
to market, economic, and business risks that cause their prices to
fluctuate. Investors acquire shares of the Fund on a securities
exchange at market value, which fluctuates according to the
dynamics of supply and demand. When Fund shares are sold, they may
be worth more or less than their original cost. Consequently, you
can lose money by investing in the Fund.
Covered Call and Other Option Transaction Risks. There are
several risks associated with writing covered calls and entering
into other types of option transactions. For example, there are
significant differences between the securities and options markets
that could result in an imperfect correlation between these
markets, resulting in a given transaction not achieving its
objectives. In addition, a decision as to whether, when, and how to
use covered call options involves the exercise of skill and
judgment, and even a well-conceived transaction may be unsuccessful
because of market behavior or unexpected events. As the writer of a
covered call option, the Fund forgoes, during the option’s life,
the opportunity to profit from increases in the market value of the
security covering the call option above the exercise price of the
call option, but has retained the risk of loss should the price of
the underlying security decline.
The GAMCO Natural Resources, Gold & Income Trust is a
non-diversified, closed-end management investment company with $778
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 natural resources and gold
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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