GBL - GBL STOCK NEWS

The Gabelli Global Utility & Income Trust (NYSE American: GLU) announced its plan to maintain fixed monthly cash distributions of $0.10 per share for October, November, and December 2022. This follows the Fund’s commitment to provide a minimum annual distribution of 6% based on the initial public offering price of $20.00 per share. The Board of Trustees will review potential distributions quarterly and may adjust payments based on earnings and capital gains. Shareholders should note that some distributions may be treated as a return of capital, affecting their tax basis.

The Gabelli Utility Trust (NYSE:GUT) has confirmed its policy of fixed monthly cash distributions, declaring $0.05 per share for October, November, and December 2022. Key dates for these distributions are set, with record dates on October 17, November 15, and December 9, and payable dates following shortly after. The Board of Trustees will assess distribution levels quarterly, aligning with the Fund's net asset value and market conditions. The Fund has consistently paid distributions since October 1999 and currently has $377 million in net assets, focusing on utility investments.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on September 23, 2022, to shareholders of record on September 16, 2022. The Board of Trustees will review the distribution amount quarterly, which may include adjustments for additional income and capital gains. About 1% of the 2022 distributions will come from net investment income, 21% from net capital gains, and 78% will be deemed return of capital. Total net assets of the Fund are $167 million.

The Board of Trustees of Bancroft Fund Ltd. (BCV) announced a cash distribution of $0.32 per share, payable on September 23, 2022, to shareholders on record as of September 16, 2022. The Fund aims to meet an annual distribution of at least 5% of its average market price or fulfill IRS minimum requirements. The distribution policy is under regular review and may change. For 2022, approximately 3% of distributions are from net investment income while 97% is from net capital gains. Tax implications for shareholders are provided in upcoming notifications.

The Gabelli Convertible and Income Securities Fund (NYSE:GCV) announced a cash distribution of $0.12 per share, payable on September 23, 2022, to shareholders on record as of September 16, 2022. The Fund aims for a minimum annual distribution of 8% of its average net asset value. Factors influencing the distribution rate include the Fund’s net asset value and market conditions. Approximately 32% of 2022 distributions will derive from net capital gains, with 68% classified as return of capital. These figures are not final for tax purposes.

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) has confirmed the continuation of its monthly cash distributions, declaring $0.11 per share for October, November, and December 2022. Record and payable dates for the distributions are set for October 17 and 24, November 15 and 22, and December 9 and 16, respectively. The Fund's distribution policy is subject to review and potential adjustment, with the ability to meet minimum distribution requirements outlined by IRS regulations. The Fund emphasizes a high total return, primarily focusing on dividends and income.

The Gabelli Multimedia Trust Inc. (NYSE:GGT) has declared a cash distribution of $0.22 per share, affirming its commitment to a 10% annual distribution policy. This distribution will be payable on September 23, 2022, to shareholders on record as of September 16, 2022. With a current net asset value (NAV) of $5.51 per share, the annualized distribution amounts to approximately $0.66 per share. The Fund has $252 million in total net assets and is managed by Gabelli Funds, LLC.