GAMCO Natural Resources, Gold & Income Trust Declares Monthly Distributions of $0.03 Per Share Equates to Total Annualized Distributions of $0.36 Per Share For 2021

Rhea-AI Summary

The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) has approved monthly cash distributions of $0.03 per share for April, May, and June 2021, totaling an annual distribution of $0.36 per share. The distributions may exceed earnings and are primarily expected to constitute a return of capital for tax purposes. The Board will continue to evaluate distribution levels based on net asset value and market conditions, but there is no guarantee of future payments. Investors should be cautious, as the Fund’s NAV can fluctuate significantly.

Positive

• Monthly cash distributions of $0.03 per share declared for April, May, and June 2021.
• Expected total annual distribution of $0.36 per share.

Negative

• Distributions may exceed earnings, indicating potential unsustainability.
• Future distributions are uncertain and subject to modification by the Board.

The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of April, May, and June 2021. This equates to an expected total annual 2021 distribution of $0.36 per common share. Based on current dynamics, the Fund may make distributions in excess of the Fund’s earnings. It is currently expected that distributions to common shareholders in 2021 will primarily constitute a return of capital for tax purposes.

Distribution Month		Record Date		Payable Date
April		April 16, 2021		April 23, 2021
May		May 14, 2021		May 21, 2021
June		June 16, 2021		June 23, 2021

The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Because the Fund’s current monthly distributions are subject to modification by the Board of Trustees at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution.

Contact John Ball (jball@gabelli.com or 914-921-7728) for tax information.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information regarding the Fund’s distribution policy and other information about the Fund is available by calling 800-GABELLI (800-422-3554) or visiting www.gabelli.com.

The Fund’s NAV per share will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic, and business risks that cause their prices to fluctuate. Investors acquire shares of the Fund on a securities exchange at market value, which fluctuates according to the dynamics of supply and demand. When Fund shares are sold, they may be worth more or less than their original cost. Consequently, you can lose money by investing in the Fund.

Covered Call and Other Option Transaction Risks. There are several risks associated with writing covered calls and entering into other types of option transactions. For example, there are significant differences between the securities and options markets that could result in an imperfect correlation between these markets, resulting in a given transaction not achieving its objectives. In addition, a decision as to whether, when, and how to use covered call options involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful because of market behavior or unexpected events. As the writer of a covered call option, the Fund forgoes, during the option’s life, the opportunity to profit from increases in the market value of the security covering the call option above the exercise price of the call option, but has retained the risk of loss should the price of the underlying security decline.

About The GAMCO Natural Resources, Gold & Income Trust

The GAMCO Natural Resources, Gold & Income Trust is a non-diversified, closed-end management investment company with $145 million in total net assets whose primary investment objective is to provide a high level of current income. The Fund invests primarily in equity securities of gold and natural resources companies and intends to earn income primarily through a strategy of writing (selling) primarily covered call options on equity securities in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).

NYSE – GNT
CUSIP – 36465E101

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FAQ

What is the distribution rate for GAMCO Natural Resources, Gold & Income Trust (GNT) in 2021?

The distribution rate is $0.03 per share for April, May, and June 2021, totaling $0.36 for the year.

When are the payable dates for the GNT cash distributions?

The payable dates are April 23, May 21, and June 23, 2021.

Is the distribution from GNT a return of capital?

Yes, the distributions in 2021 are primarily expected to constitute a return of capital for tax purposes.

Can GNT guarantee future distributions?

No, the Board has stated that future distributions are uncertain and can be modified at any time.