Gabelli Global Small and Mid Cap Value Trust Announces Q3 Distribution
![Gabelli Global Small and Mid Cap Value Trust Announces Q3 Distribution](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
Gabelli Global Small and Mid Cap Value Trust Announces Third Quarter Distribution
The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has declared a cash distribution of $0.16 per share. This distribution is scheduled to be payable to common shareholders who are on record.
Fund Distribution Intentions
The Gabelli Global Small and Mid Cap Value Trust aims to provide quarterly distributions, the specifics of which are determined by the Board of Trustees each quarter. Apart from these distributions, in compliance with the minimum distribution requirements for regulated investment companies, an adjusting distribution may also be made in December to account for any extra income or net realized capital gains that exceed the quarterly distributions for the year.
Monitoring Distribution Decisions
Each quarter, the Board of Directors evaluates the potential distribution amount derived from income, realized capital gain, or available capital. This oversight ensures that the distribution levels reflect the Fund’s net asset value and the prevailing financial market conditions. It's crucial to understand that while the distribution policy is currently in place, it is subject to adjustments by the Board of Directors, and past trends do not guarantee future policies.
Tax Implications of Distributions
Distributions from the Fund may be classified as long-term capital gain or qualified dividend income, each potentially subject to the federal income tax maximum rate for long-term capital gains. Additionally, certain shareholders will incur a Medicare surcharge on their net investment income, which includes Fund dividends and capital gains.
Understanding Return of Capital
In the event that the Fund generates insufficient earnings to cover the total distributions within a year, any distributed amount exceeding the Fund's earnings may be categorized as a return of capital. Such returns are typically not taxable and will reduce the shareholder’s cost basis in the investment.
Distribution Composition and Reporting
For the current year, distributions to common shareholders are expected to include approximately 14% from net investment income, 53% from net capital gains, and 33% classified as a return of capital. Detailed information regarding the sources of distributions will be updated and shared with shareholders in notices accompanying distributions and will also be made available on the company’s website.
Notification to Shareholders
Shareholders with taxable accounts will receive official notifications regarding the tax treatment and components of all distributions via Form 1099-DIV in early the following year.
Contacts for Further Information
For investors seeking more information about the Fund’s distribution policy and investment details, the following contact is provided:
Bethany Uhlein
(914) 921-5546
About The Gabelli Global Small and Mid Cap Value Trust
The Gabelli Global Small and Mid Cap Value Trust operates as a diversified, closed-end management investment company, managing total net assets amounting to $132 million. The primary investment goal is to achieve long-term capital growth by investing at least 80% of total assets in equity securities of small and medium-sized companies. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.
Frequently Asked Questions
What is the declared distribution amount for this quarter?
The declared distribution for this quarter is $0.16 per share.
When will the distribution be paid?
The distribution is payable to shareholders of record, though the specific payment dates are typically announced alongside the distribution declaration.
What are the tax implications of the distribution?
Distributions may be treated as long-term capital gains or qualified dividends, both of which may be subject to federal income tax. Additionally, higher-income shareholders may face a Medicare surcharge.
How is the distribution rate determined?
The Board of Directors reviews the Fund's earnings, net asset values, and market conditions to determine the rate of distribution each quarter.
Where can I find more information about the Fund?
More information regarding the Gabelli Global Small and Mid Cap Value Trust is available on the company's website and through investor contact channels.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Digital Workplace Market Growth and Future Outlook
- Synthetic Biology Market Growth and Future Insights
- AEG and Onex Partners Complete Sale of ASM Global to Legends
- Acrylic Acid Esters Market Growth Insights and Trends
- Financial Calendar 2024: The BANK of Greenland
- ProVen Growth and Income VCT plc Announces Fundraising Plans
- Davidson Kempner Capital Management LP's Position on Smith plc
- Growth Insights for Global Pharma Grade Plastic Packaging Market
- Veterinary Vaccines Market Growth Insights and Trends
- Electric Bike Market Growth and Future Outlook