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The Gabelli Global Small and Mid Cap Value Trust (symbol: GGZ) is a diversified closed-ended management investment company focused on achieving long-term capital growth. The Trust's strategic approach involves investing in a variety of equity securities, including common and preferred stocks of small and mid-cap companies worldwide. Leveraging the extensive research capabilities and proprietary methodologies of its parent company, GAMCO Investors, Inc., GGZ aims to find undervalued companies with significant growth potential.
Established in 1977 by renowned investor Mario J. Gabelli, GAMCO Investors has built a strong reputation for its research-driven approach to equity investing. The company’s proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy plays a crucial role in GGZ’s investment process. This strategy focuses on identifying stocks trading below their intrinsic value, with potential triggers that could unlock this value.
As of December 31, 2016, GAMCO Investors manages $39.7 billion in assets under management (AUM), with the majority (95%) invested in equities. This includes services provided by its two registered investment advisers: GAMCO Asset Management Inc. (catering to institutional and private wealth management clients) and Gabelli Funds, LLC (focused on mutual funds). Additionally, G.distributors, LLC acts as the underwriter and distributor for their open-end funds, supporting marketing and distribution efforts.
Through GGZ, investors gain access to a diversified portfolio of high-potential small and mid-cap stocks, leveraging GAMCO's robust research and investment expertise. The Trust continually seeks to identify and invest in companies that are undervalued and possess catalysts for growth, thereby aiming to provide significant returns to its shareholders over the long term.
Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on June 6, 2024. The event will feature discussions with key companies in the media industry, focusing on industry dynamics, trends, and business fundamentals. Attendees can participate in Sports Investing and Advertising Panels and have one-on-one meetings with management. The symposium will also be available via webcast for remote participants. Key speakers include executives from TVB, Gray Television, Sirius XM, Lionsgate, Rogers Communications, Ryman Hospitality, E.W. Scripps, Sinclair, Nexstar Media, TEGNA, comScore, Clear Channel Outdoor, Beasley Broadcast Group, and Entravision Communications.
Gabelli Funds will host its 16th Annual Media & Entertainment Symposium on June 6, 2024, at the Harvard Club in New York City. The event features discussions with top media companies about industry trends, sports investing, and advertising. Key speakers include executives from TVB, Gray Television, Sirius XM, Lionsgate, Rogers Communications, and many more. The symposium offers both in-person and webcast attendance options. Investors can register online or contact their representative for more information.
The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) declared a $0.16 per share cash distribution for Q2 2024.
Payable on June 21, 2024, to common shareholders of record on June 13, 2024, the Fund aims to distribute quarterly amounts decided by the Board.
Additionally, an adjusting distribution in December may be issued to meet IRS minimum distribution requirements.
The distribution policy is subject to change and should not be equated with dividend yield or total return.
For 2024, an estimated 3% of distributions are from net investment income, 19% from net capital gains, and 78% as a return of capital.
Final component determination will occur after year-end.
Investors should assess the Fund's objectives, risks, charges, and expenses before investing.
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