Gamco Natural Resources, Gold & Income Trust by Gabelli Declares Monthly
Distributions of $0.14 Per Share
RYE, N.Y. -- November 19, 2012
The Board of Trustees of the GAMCO Natural Resources, Gold & Income Trust by
GABELLI (NYSE:GNT) (the “Fund”) declared monthly cash distributions of $0.14
per share for each of January, February, and March 2013.
The distribution for January 2013 will be payable on January 24, 2013 to
common shareholders of record on January 16, 2013.
The distribution for February 2013 will be payable on February 21, 2013 to
common shareholders of record on February 13, 2013.
The distribution for March 2013 will be payable on March 21, 2013 to common
shareholders of record on March 14, 2013.
Each quarter, the Board of Trustees reviews the amount of any potential
distribution from the income, capital gain, or capital available. In light of
the Fund’s income, net asset value and the financial market environment, the
Board of Trustees is reviewing the monthly cash distribution amount for future
periods. The distribution rate should not be considered the dividend yield or
total return on an investment in the Fund.
The Fund currently intends to make monthly cash distributions of all or a
portion of its investment company taxable income (which includes ordinary
income and realized net short-term capital gains) to common shareholders. The
Fund also intends to make annual distributions of its realized net long-term
capital gains, if any. A portion of the distribution may be a return of
capital. Various factors will affect the level of the Fund’s income, such as
its asset mix and use of covered call strategies. To permit the Fund to
maintain more stable distributions, the Fund may from time to time distribute
more or less than the entire amount of income earned in a particular period.
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.
If the Fund does not generate sufficient earnings (dividends and interest
income 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 is treated as a reduction in the
shareholder’s cost basis.
Short-term capital gains, qualified dividend income, ordinary income, and
paid-in 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 as of November 13, 2012, each of the distributions paid to
common shareholders in 2012 would include approximately 3% from net investment
income, 53% from net capital gains and 44% from paid-in capital on a book
basis. The estimated components of each distribution are updated and provided
to shareholders of record in a notice accompanying the distribution and are
available on our website (www.gabelli.com). The final determination of the
sources of all distributions in 2012 will be made after year end and can vary
from the monthly estimates. All shareholders with taxable accounts will
receive written notification regarding the components and tax treatment for
all 2012 distributions in early 2013 via Form 1099-DIV.
The GAMCO Natural Resources, Gold & Income Trust by GABELLI is a
non-diversified, closed-end management investment company with $281 million in
total net assets whose primary investment objective is to provide a high level
of current income from interest, dividends and option premiums. The Fund
invests primarily in equity securities of natural resources and gold companies
and intends to earn short-term gains from 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), which is a publicly traded NYSE listed company.
GAMCO Natural Resources, Gold & Income Trust
Molly Marion / David Schachter
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