GAMCO Natural Resources, Gold & Income Trust Announces Expected Total Distributions of $0.48 Per Share for 2020
15 Maio 2020 - 5:01PM
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 has declared cash distributions of $0.03 per share for
each of July, August, and September 2020. This equates to an
expected total annual 2020 distribution of $0.48 per common share.
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 2020 will receive mostly a
return of capital for tax purposes.
Distribution Month
Record Date
Payable Date
July
July 17, 2020
July 24, 2020
August
August 17, 2020
August 24, 2020
September
September 16, 2020
September 23, 2020
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.
Contact John Ball (jball@gabelli.com or 914-921-7728) for
tax information.
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.
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 $138
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).
About GAMCO Investors
GAMCO Investors, Inc., through its subsidiaries, manages private
advisory accounts (GAMCO Asset Management Inc.), mutual funds and
closed-end funds (Gabelli Funds, LLC). As of March 31, 2020, GAMCO
Investors had $27.5 billion in assets under management.
NYSE American: GNT CUSIP – 36465E101
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version on businesswire.com: https://www.businesswire.com/news/home/20200515005558/en/
Investor Relations Contact: David Schachter (914) 921-5057
dschachter@gabelli.com
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