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GAMCO Natural Resources, Gold & Income Trust declares monthly distributions of $0.03 per share

By on February 9, 2022 0

The Board of Directors of GAMCO Natural Resources, Gold & Income Trust GNT (the “Fund”) has approved the continuation of its policy of paying monthly cash distributions. The Board of Directors has declared cash distributions of $0.03 per share for April, May and June 2022. Based on current momentum, the Fund may make distributions in excess of Fund earnings. It is currently expected that distributions to common shareholders in 2022 will primarily be a return of capital for tax purposes.

Distribution month

Registration Date

Payment date

Distribution per share

April

April 14, 2022

April 22, 2022

$0.03

Can

May 16, 2022

May 23, 2022

$0.03

June

June 15, 2022

June 23, 2022

$0.03

Each quarter, the Board of Trustees reviews the amount of any potential distribution from income, realized capital gain or available capital. The Board of Trustees will continue to monitor the level of distribution of the Fund, taking into account the net asset value of the Fund and the financial market environment. The distribution rate should not be considered as the dividend yield or the total return of an investment in the Fund.

Since the Fund’s current monthly distributions may be changed 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 any particular rate or frequency. Shareholders should not draw any conclusions about the investment performance of the Fund from the amount of the current distribution.

Short-term capital gains, eligible dividend income, ordinary income and return of capital, if any, will be allocated on a pro rata basis to all distributions to common shareholders for the year. There is no capital loss carryforward for accounting purposes. Therefore, the Fund, on an accounting basis, may distribute short-term gains generated by option premiums that will not be taxable in 2022 due to the capital loss carryforwards available on a tax basis. The estimated components of each distribution are updated and provided to registered shareholders 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 2022 will be made after the end of the year and may differ from the monthly estimates. Shareholders should not draw any conclusions about the investment performance of the Fund from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment of all 2022 distributions in early 2023 via Form 1099-DIV.

Investors should carefully consider the Fund’s investment objectives, risks, charges and expenses before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, visit www.gabelli.com or call:

David Schachter

(914) 921-5057

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

Risks Relating to Covered Call Options and Other Options Transactions. There are several risks associated with writing covered call options and entering into other types of options transactions. For example, there are significant differences between the securities and options markets that could result in an imperfect correlation between these markets, causing a given transaction to fail to achieve its objectives. Further, a decision as to whether, when, and how to use covered calls involves the exercise of skill and judgment, and even a well-designed trade can fail due to market behavior or unexpected events. As a writer of a covered call option, the Fund relinquishes, during the term of the option, the ability to profit from increases in the market value of the security covering the call option above the price to exercise the call option, but retained the risk of loss should the price of the underlying security decline.

About GAMCO Natural Resources, Gold & Income Trust

The GAMCO Natural Resources, Gold & Income Trust is a non-diversified, closed-end investment company with total net assets of $144 million whose primary investment objective is to provide a high level of current income. The Fund invests primarily in equity securities of gold mining and natural resource companies and intends to earn income primarily through a strategy of writing (writing) primarily covered call options on securities of participation in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. GBL.

NYSE–GNT

CUSIP – 36465E101