GBL - GBL STOCK NEWS

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has authorized the redemption of all outstanding 5.450% Series A Cumulative Preferred Shares, priced at $25.00 per share, plus any accumulated unpaid dividends. The exact redemption date will be announced later. Upon redemption, these shares will cease to be outstanding, and dividends will stop accumulating. The preferred shares are rated 'A2' by Moody's, with an annual dividend rate of $1.3625. Gabelli Funds, LLC manages the Trust, which focuses on long-term capital growth with $238 million in total net assets.

The Gabelli Global Utility & Income Trust (NYSE American: GLU) has confirmed its fixed monthly cash distributions for January, February, and March 2022, maintaining a $0.10 per share payout. The Fund's distribution policy, which targets a minimum annual distribution of 6% based on an initial price of $20.00 per share, will be reviewed quarterly by the Board of Trustees. If earnings do not cover distributions, the excess will be classified as a return of capital. The Fund has $177 million in net assets and is managed by Gabelli Funds, LLC.

The Gabelli Equity Trust Inc. (NYSE:GAB) announced a cash distribution of $0.18 per share, payable on December 17, 2021, to shareholders of record as of December 10, 2021. This fourth quarter distribution raises total distributions for 2021 to $0.63 per share. The fund aims to maintain a minimum annual distribution of 10% of its average net asset value. The board continues to assess potential strategic opportunities in the equity markets while monitoring the fund's distribution levels.

The GDL Fund (NYSE:GDL) announced a cash distribution of $0.12 per share, payable on December 17, 2021, to shareholders of record as of December 10, 2021. The Fund emphasizes that this distribution rate should not be viewed as a definitive yield or total return. It may include return of capital components, which reduce shareholders' cost basis. The Fund's distributions will vary and depend on various factors, including investment income and capital gains.

As of now, the GDL Fund holds $182 million in total net assets, aiming for absolute returns while minimizing capital risk.

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a cash distribution of $0.15 per share, payable on December 17, 2021. Shareholders of record by December 10, 2021 will receive this payment. Additionally, the Board of Trustees authorized a potential year-end distribution, factoring in undistributed income and realized net capital gains. The exact amount and timing will be disclosed later. The Trust emphasizes that distributions may be treated as long-term capital gains or qualified dividends, with implications for tax treatment.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a quarterly cash distribution of $0.16 per share, payable on December 17, 2021, for shareholders on record by December 10, 2021. Additionally, the Board has authorized a year-end distribution to meet IRS minimum requirements, details of which will be disclosed later. The Fund, with total net assets of $238 million, aims for long-term capital growth by investing at least 80% of its assets in small and medium-sized companies. Tax treatments for distributions will vary and will be communicated to shareholders.

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) has approved fixed monthly cash distributions of $0.05 per share for January, February, and March 2022. The record and payable dates for these distributions have been specified. The Board continues to explore strategic opportunities in the equity market and will assess distribution levels quarterly based on the Fund’s financial health. Since October 1999, monthly distributions have been consistently made, although the current share price trades at a premium to net asset value, raising some sustainability concerns.