Closed-End Fund Video: Gamco Natural Resources, Gold & Income Trust’s Return of Capital (ROC); A Bad Word For A Good Thing
11 December 2024 - 3:42AM
Gabelli Funds is pleased to present another educational video in
The Closed-End Corner, this time examining one of the most
contentious issues in Closed-End Funds, Return of Capital, often
referred to as “ROC” …and why it might be A Bad Word For A Good
Thing for The GAMCO Natural Resources, Gold & Income Trust.
(ticker symbol GNT on the NYSE).
https://youtu.be/bHpN7H6m5nQ?si=sPzuwfA7Bl78CALw
“Every adversity, every failure, every heartache
carries with it the seed on an equal or greater benefit,” wrote
Napoleon Hill, author of the seminal book Think and Grow Rich back
in 1937.
David Schachter, Sr. Vice President of the Fund
explains the relevance of this quote and points out previous
tax-loss carryforwards can benefit the GNT’s distribution as being
enhanced by a tax-free return of capital (ROC).
The GAMCO Natural Resources, Gold & Income
Trust currently pays $0.04 per month.Last year, in 2023 GNT’s
distribution was 88% tax free for taxable accounts.
About The GAMCO Natural Resources, Gold
& Income TrustThe GAMCO Natural Resources, Gold &
Income Trust is a diversified, closed-end management investment
company with $142 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. (OTCQX:
GAMI).
NYSE – GNTCUSIP – 36465E101
For more information, please visit Gabelli.com.
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About The Closed-End
Corner.
Other Closed-End Fund videos available on
Gabelli TV on You Tube include:
Back To The Future With Closed-End Funds and
Short-Term Value Extraction vs. Long-Term Value Creation.
About GAMCO Investors, Inc.
GAMI is known for its research-driven value
approach to equity investing (known as PMV with a Catalyst™). GAMI
conducts its investment advisory business principally through two
subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end
funds, 5 actively managed semi-transparent ETFs, and a SICAV) and
GAMCO Asset Management Inc. (approximately 1,400 institutional and
private wealth separate accounts, principally in the U.S.). GAMI
serves a broad client base including institutions, intermediaries,
offshore investors, private wealth, and direct retail investors. In
recent years, GAMI has successfully integrated new teams of RIAs by
providing attractive compensation arrangements and extensive
research capabilities.
Gabelli Funds offers a wide range of solutions
for clients across Value and Growth Equity, SRI, Convertibles,
sector-focused strategies including Gold and Utilities, Merger
Arbitrage, and 100 % U.S. Treasury Money Market Funds.
Investor Relations Contact:David Schachter(914)
921-5057dschachter@gabelli.com
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/785d66f1-aa0e-423e-89dd-1d3c9ecc06d2
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