GAMCO Global Gold, Natural Resources & Income Trust by Gabelli Announces Partial Redemption of Its 6.625% Series a Cumulative

  GAMCO Global Gold, Natural Resources & Income Trust by Gabelli Announces
  Partial Redemption of Its 6.625% Series a Cumulative Preferred Shares

Business Wire

RYE, N.Y. -- March 12, 2013

The Board of Trustees of the GAMCO Global Gold, Natural Resources & Income
Trust by Gabelli (NYSE MKT:GGN) (the “Fund”) has authorized the partial
redemption of 2,000,000 of its outstanding 6.625% Series A Cumulative
Preferred Shares (the “Series A Preferred Shares”). The redemption date is
Thursday, April 11, 2013, and the redemption price is $25.069 per Series A
Preferred Share, which is equal to the liquidation preference of $25.00 per
Series A Preferred Share, plus accumulated but unpaid dividends of $0.069.

From and after the redemption date, the Series A Preferred Shares to be
redeemed will no longer be deemed outstanding, dividends will cease to accrue,
and all the rights of the Series A Preferred Shareholders with respect to the
redeemed Series A Preferred Shares will cease, except the right to receive the
redemption price. Shareholders of record will be mailed a redemption notice
shortly.

For Series A Preferred Shares held in brokerage accounts, Depository Trust
Company (“DTC”), the holder of record, determines the allocations of this
partial series redemption by lottery among each participant account. Each
participant account, as nominee for underlying beneficial owners (street name
shareholders), in turn determines the allocations of redeemed shares among
underlying beneficial owners. The procedures used by various participant
accounts to allocate redeemed shares among beneficial owners may differ from
other participant accounts as well as from the procedures used by DTC.

The Series A Preferred Shares, which trade on the NYSE MKT under the symbol
“GGN Pr A”, are rated “A1” by Moody’s Investors Service and have an annual
dividend rate of $1.65625 per share. The Series A Preferred Shares were issued
on October 16, 2007 at $25.00 per share and pay distributions quarterly. On
October 17, 2012, the Series A Preferred Shares became callable at any time
upon 15 days prior notice at the liquidation value of $25.00 per share plus
accrued dividends.

The GAMCO Global Gold, Natural Resources & Income Trust by Gabelli is a
non-diversified, closed-end management investment company with $1.3 billion 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), which is a publicly traded
NYSE listed company.

Contact:

GAMCO Global Gold, Natural Resources & Income Trust
Molly Marion / Laurissa Martire, 914-921-5070
 
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