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GAMCO Global Gold, Natural Resources & Income Trust (GGN) announced the continuation of monthly cash distributions of $0.03 per share for January, February, and March 2025. The distributions are scheduled for payment on January 24, February 21, and March 24, 2025, respectively.
Based on current conditions, the Fund expects 2024 distributions to primarily constitute a return of capital for tax purposes. The Board of Trustees regularly reviews potential distribution amounts considering the Fund's net asset value and market environment. The Fund notes that distributions may exceed earnings and are subject to modification.
Shareholders will receive detailed tax treatment information for 2025 distributions via Form 1099-DIV in early 2026.
GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) has announced the continuation of its monthly cash distribution policy. The Board of Trustees declared $0.03 per share distributions for October, November, and December 2024. These distributions are expected to primarily constitute a return of capital for tax purposes in 2024.
Key points:
- Monthly distributions of $0.03 per share for Q4 2024
- Record dates: Oct 17, Nov 14, Dec 13
- Payable dates: Oct 24, Nov 21, Dec 20
- Distributions may exceed Fund's earnings
- Board reviews distribution levels quarterly
- Short-term gains from option premiums may not be taxable in 2024
- Final determination of distribution sources will be made after year-end
On May 16, 2024, the Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) announced the continuation of its monthly cash distribution policy. The Fund declared distributions of $0.03 per share for July, August, and September 2024, payable on the 24th, 23rd, and 23rd of each respective month. These distributions may exceed the Fund's earnings, primarily constituting a return of capital for tax purposes. The Board will review distribution amounts quarterly, considering the Fund's net asset value and market conditions. The Fund's net asset value (NAV) per share is subject to market fluctuations, and there are risks associated with covered call options. Investors should be aware of these inherent risks and the fact that distributions could change at any time.
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