GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions for October, November, and December 2023, Payable on October 24, 2023, November 22, 2023 and December 22, 2023 Respectively
August 25, 2023 at 08:11 am EDT
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GAMCO Global Gold, Natural Resources & Income Trust approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of October, November, and December 2023. Based on current dynamics, the Fund may make distributions in excess of the Fund?s earnings.
It is currently expected that distributions to common shareholders in 2023 will primarily constitute a return of capital for tax purposes. Record Date October 17, 2023, November 15, 2023 and December 15, 2023. Payable Date October 24, 2023, November 22, 2023 and December 22, 2023 Respectively.
GAMCO Global Gold, Natural Resources & Income Trust (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to provide a high level of current income. The Fund's secondary investment objective is to seek capital appreciation consistent with the Fund's strategy and its primary objective. The Fund invests at least 80% of its assets in equity securities of companies principally engaged in the gold industry and the natural resources industries. The Fund invests at least 25% of its assets in the equity securities of companies principally engaged in the exploration, mining, fabrication, processing, distribution or trading of gold or the financing, managing, controlling, or operating of companies engaged in gold-related activities. In addition, the Fund invests at least 25% of its assets in the equity securities of natural resources companies. Gabelli Funds, LLC is the investment advisor of the Fund.
GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions for October, November, and December 2023, Payable on October 24, 2023, November 22, 2023 and December 22, 2023 Respectively