GAMCO's Monthly Cash Distributions Set at $0.03 per Share

GAMCO Global Gold, Natural Resources & Income Trust Announces Monthly Cash Distributions
The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American: GGN) has officially sanctioned the continuation of its committed policy to provide monthly cash distributions. Recently, they declared a cash distribution of $0.03 per share for the months ahead. This decision reflects the Fund's ongoing effort to maintain a steady income stream for its shareholders.
Details of the Monthly Distributions
For the approaching months, the distributions will be allocated as follows:
Distribution Schedule
Shareholders can look forward to receiving $0.03 per share for the forthcoming months, with the specific allocation for each month noted below:
- July: Record Date - July 17 | Payable Date - July 24
- August: Record Date - August 15 | Payable Date - August 22
- September: Record Date - September 16 | Payable Date - September 23
Each month will see shareholders receive this consistent distribution amount, underlining the Fund’s dedication to providing reliable income.
Monitoring Distribution Levels
As part of their operational strategy, the Board of Trustees will conduct a regular review of potential distributions based on income and available capital. This practice ensures that the distribution levels are reflective of the Fund’s economic standing and market performance.
Understanding Distribution Variability
It’s important to understand that the current monthly distributions may fluctuate and are subject to change based on various economic factors. Shareholders should approach these distributions with an understanding of potential variability in both frequency and amount.
Investment Considerations and Risks
Investors need to consider various factors before investing in the Fund, including the investment objectives, potential risks, charges, and overall expenses involved. The distribution rate, although fixed for now, should not be mistaken for a guarantee of future returns. Market conditions can affect the Fund’s net asset value, influencing the income generated.
Allocation of Income
The Fund will allocate short-term capital gains and qualified dividends across its distributions to common shareholders. This method ensures that all shareholders receive their fair share of earnings as accrued over the financial year.
About GAMCO Global Gold, Natural Resources & Income Trust
This trust represents a strategically managed investment vehicle focused on the gold and natural resources sectors. With approximately $759 million in total net assets, the Fund aims to deliver high levels of current income primarily through equity investments in related companies. Managed by Gabelli Funds, LLC, a member of GAMCO Investors, Inc. (OTCQX: GAMI), the Trust seeks to strategically write covered call options in its investment strategies.
For any inquiries regarding the Fund’s operations, interested parties can reach out to Molly Marion at (914) 921-5681 or via email.
Frequently Asked Questions
What is the declared cash distribution per share for GGN?
The declared cash distribution per share for GAMCO Global Gold, Natural Resources & Income Trust is $0.03.
How often will GGN pay its distributions?
GGN pays monthly distributions, ensuring a consistent income stream for its shareholders.
What are the primary investment objectives of the Fund?
The primary investment objective is to provide a high level of current income, focusing on equity securities in the gold and natural resource arenas.
Who manages the GAMCO Global Gold, Natural Resources & Income Trust?
The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.
How can shareholders obtain information about their distributions?
Shareholders can receive information about their distributions through written notifications and notices accompanying their distribution payments.
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