GAMCO Natural Resources, Gold & Income Trust Continues Monthly Distributions, Declaring Distributions of $0.07 Per Share
17 Août 2016 - 10:46PM
Business Wire
The Board of Trustees of the GAMCO Natural Resources, Gold &
Income Trust (NYSE:GNT) (the “Fund”) declared monthly cash
distributions of $0.07 per share for each of October, November, and
December 2016.
The distribution for October 2016 will be payable on October 24,
2016 to common shareholders of record on October 17, 2016.
The distribution for November 2016 will be payable on November
22, 2016 to common shareholders of record on November 15, 2016.
The distribution for December 2016 will be payable on December
16, 2016 to common shareholders of record on December 09, 2016.
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.
The Fund makes annual distributions of its realized net
long-term capital gains and monthly cash distributions of all or a
portion of its investment company taxable income (which includes
ordinary income and net realized short-term capital gains) to
common shareholders. A portion of the distribution may be a return
of capital. Various factors will affect the level of the Fund’s
income, such as its asset mix and use of covered call strategies.
To permit the Fund to maintain more stable distributions, the Fund
may distribute more than the entire amount of income earned in a
particular period. 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.
If the Fund does not generate sufficient earnings (dividends and
interest income and realized net capital gain) equal to or in
excess of the aggregate distributions paid by the Fund in a given
year, then the amount distributed in excess of the Fund’s earnings
would be deemed a return of capital. Since this would be considered
a return of a portion of a shareholder’s original investment, it is
generally not taxable and is treated as a reduction in the
shareholder’s cost basis. Under federal tax regulations, some or
all of the return of capital distributed by the Fund may be taxable
as ordinary income in certain circumstances. This may occur when
the Fund has a capital loss carry forward, net capital gains are
realized in a fiscal year, and distributions are made in excess of
investment company taxable income.
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. Based on the accounting records of the Fund currently
available, each of the distributions paid to common shareholders in
2016 would include approximately 3% from net investment income and
97% would be deemed a return of capital on a book basis. This does
not currently represent information for tax reporting purposes. 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 2016 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 shareholders with taxable accounts will receive written
notification regarding the components and tax treatment for all
2016 distributions in early 2017 via Form 1099-DIV.
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 GAMCO Natural Resources, Gold & Income Trust is a
non-diversified, closed-end management investment company with $163
million in total net assets whose primary investment objective is
to provide a high level of current income from interest, dividends
and option premiums. The Fund invests primarily in equity
securities of natural resources and gold companies and intends to
earn short-term gains from 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).
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version on businesswire.com: http://www.businesswire.com/news/home/20160817006235/en/
GAMCO Natural Resources, Gold & Income TrustMolly Marion,
914-921-5070orDavid Schachter, 914-921-5070
GAMCO Natural Resources ... (NYSE:GNT)
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