Gabelli Global Small and Mid Cap Value Trust Declares Fourth Quarter Distribution of $0.16 per Share
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has announced a $0.16 per share cash distribution for the fourth quarter, payable on December 20, 2024, to shareholders of record as of December 13, 2024. The distribution composition is approximately 10% from net investment income, 41% from net capital gains, and 49% as return of capital. The Fund's Board of Trustees determines the quarterly distribution amount, considering factors such as net asset value and market conditions. The distribution policy may be modified, and distributions can be treated as long-term capital gain or qualified dividend income for tax purposes.
Il Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) ha annunciato una distribuzione in contante di $0,16 per azione per il quarto trimestre, che sarà pagata il 20 dicembre 2024, agli azionisti registrati al 13 dicembre 2024. La composizione della distribuzione è circa 10% da reddito da investimento netto, 41% da guadagni di capitale netto e 49% come rimborso di capitale. Il Consiglio di Amministrazione del Fondo determina l'importo della distribuzione trimestrale, considerando fattori quali il valore netto degli attivi e le condizioni di mercato. La politica di distribuzione può essere modificata e le distribuzioni possono essere trattate come guadagni di capitale a lungo termine o come reddito di dividendo qualificato ai fini fiscali.
El Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) ha anunciado una distribución en efectivo de $0.16 por acción para el cuarto trimestre, que se pagará el 20 de diciembre de 2024, a los accionistas que estén registrados hasta el 13 de diciembre de 2024. La composición de la distribución es aproximadamente 10% de ingresos netos de inversiones, 41% de ganancias de capital netas y 49% como retorno de capital. La Junta de Fideicomisarios del Fondo determina el monto de la distribución trimestral, considerando factores como el valor neto de los activos y las condiciones del mercado. La política de distribución puede ser modificada y las distribuciones pueden ser tratadas como ganancias de capital a largo plazo o como ingresos de dividendos calificados para fines fiscales.
가벨리 글로벌 중소형 가치 신탁 (NYSE:GGZ)은 주당 0.16달러 현금 배당금을 2024년 4분기 동안 발표했으며, 2024년 12월 20일에 배당이 지급되고, 2024년 12월 13일을 기준으로 한 주주들에게 지급됩니다. 배당금 구성은 약 순 투자 소득의 10%, 순 자본 이익의 41% 및 자본 환급의 49%입니다. 펀드의 이사회는 순 자산 가치 및 시장 조건과 같은 요소를 고려하여 분기별 배당금의 금액을 결정합니다. 배당 정책은 수정될 수 있으며, 배당금은 세금 목적상 장기 자본 이익 또는 자격이 있는 배당 소득으로 처리될 수 있습니다.
Le Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) a annoncé une distribution en espèces de 0,16 $ par action pour le quatrième trimestre, payable le 20 décembre 2024, aux actionnaires inscrits au 13 décembre 2024. La composition de la distribution est d'environ 10% des revenus nets d'investissement, 41% des gains en capital nets et 49% comme retour de capital. Le Conseil d'Administration du Fonds détermine le montant de la distribution trimestrielle, en tenant compte de facteurs tels que la valeur nette des actifs et les conditions du marché. La politique de distribution peut être modifiée et les distributions peuvent être considérées comme des gains en capital à long terme ou des revenus de dividendes qualifiés à des fins fiscales.
Der Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) hat eine Barausschüttung von 0,16 $ pro Aktie für das vierte Quartal angekündigt, die am 20. Dezember 2024 an die Aktionäre, die am 13. Dezember 2024 registriert sind, ausgezahlt wird. Die Zusammensetzung der Ausschüttung beträgt ungefähr 10% aus Nettoanlageerträgen, 41% aus Netto-Kapitalgewinnen und 49% als Rückzahlung von Kapital. Der Vorstand des Fonds legt die Höhe der vierteljährlichen Ausschüttung fest und berücksichtigt dabei Faktoren wie den Nettoinventarwert und die Marktbedingungen. Die Ausschüttungspolitik kann geändert werden, und Ausschüttungen können für steuerliche Zwecke als langfristiger Kapitalgewinn oder als qualifizierte Dividendeneinkünfte behandelt werden.
- None.
- 49% of the distribution represents return of capital, indicating the Fund isn't generating sufficient earnings to cover distributions
- Only 10% of distribution comes from net investment income, showing low income generation
Insights
The Fund's quarterly distribution of
The distribution's tax treatment complexity, including qualified dividend income and long-term capital gains considerations, along with the
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the “Fund”) declared a
The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.
Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, 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 would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable 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 2024 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Bethany Uhlein
(914) 921-5546
About The Gabelli Global Small and Mid Cap Value Trust
The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with
NYSE – GGZ
CUSIP – 36249W104
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