GAMCO Natural Resources, Gold & Income Trust Declares Monthly Distributions of $0.03 Per Share
August 18 2022 - 9:15AM
Business Wire
The Board of Trustees of GAMCO Natural Resources, Gold &
Income Trust (NYSE:GNT) (the “Fund”) 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 2022. 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 2022 will primarily constitute a return of capital for tax
purposes.
Distribution Month
Record Date
Payable Date
Distribution Per Share
October
October 17, 2022
October 24, 2022
$0.03
November
November 15, 2022
November 22, 2022
$0.03
December
December 9, 2022
December 16, 2022
$0.03
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.
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. Shareholders
should not draw any conclusions about the Fund’s investment
performance from the amount of the current distribution.
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. There are no capital loss carryforwards for book purposes.
Therefore the Fund, on a book basis, may be distributing short term
gains generated from option premiums that will not be taxable in
2022 because of the capital loss carryforwards available on a tax
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 2022
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 individual shareholders with taxable accounts
will receive written notification regarding the components and tax
treatment for all 2022 distributions in early 2023 via Form
1099-DIV.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing. For more
information regarding the Fund’s distribution policy and other
information about the Fund, visit www.gabelli.com or call:
David Schachter (914) 921-5057
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.
About The GAMCO Natural Resources, Gold & Income
Trust
The GAMCO Natural Resources, Gold & Income Trust is a
non-diversified, closed-end management investment company with $131
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).
NYSE – GNT
CUSIP – 36465E101
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version on businesswire.com: https://www.businesswire.com/news/home/20220818005431/en/
Investor Relations: David Schachter (914) 921-5057
dschachter@gabelli.com
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