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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.
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has declared a cash distribution of
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on June 23, 2022, to shareholders of record on June 15, 2022. The Board of Trustees will regularly review the distribution amount, subject to market conditions and fund performance. The Fund, with $162 million in total net assets, aims for long-term capital growth, investing primarily in small to medium-sized equity securities. Future distributions may include capital gains and could impact shareholders' tax situations.
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has announced the redemption of all outstanding 5.450% Series A Cumulative Preferred Shares at a price of $25.24600694 per share, effective February 28, 2022. This amount includes $25.00 as the Liquidation Preference and $0.24600694 for accumulated unpaid dividends. Post-redemption, dividends will cease, and all rights associated with these shares will end except for the claim to the Redemption Price. The shares are held in book-entry form through the Depository Trust Company.
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced total distributions for 2021 amounting to $1.04 per share, which includes a $0.40 additional distribution payable on January 6, 2022. This move aims to meet minimum distribution requirements to avoid Federal excise tax. For tax purposes, the distribution consists of approximately 13% from net investment income and 87% from net capital gains. Shareholders will receive details about the distribution components via Form 1099-DIV in early 2022.
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 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.
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