The Board of Trustees of the GAMCO Natural Resources, Gold & Income
Trust (NYSE:GNT) (the “Fund”) declared monthly cash distributions of
$0.09 per share for each of July, August, and September 2014.
The distribution for July 2014 will be payable on July 24, 2014 to
common shareholders of record on July 17, 2014.
The distribution for August 2014 will be payable on August 22, 2014 to
common shareholders of record on August 15, 2014.
The distribution for September 2014 will be payable on September 23,
2014 to common shareholders of record on September 16, 2014.
Each quarter, the Board of Trustees reviews the amount of any potential
distribution from the income, realized capital gain, or capital
available. 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
The Fund makes annual distributions of its realized net long-term
capital gains and monthly cash distributions of all or a portion of its
investment company taxable income (which includes ordinary income and
net realized short-term capital gains) to common shareholders. 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 distribute more 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 return of 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 May 12, 2014, each of the
distributions paid to common shareholders in 2014 would include
approximately 4% from net investment income and 96% would be a return of
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 2014 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 2014 distributions in
early 2015 via Form 1099-DIV.
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 GAMCO Natural Resources, Gold & Income Trust is a non-diversified,
closed-end management investment company with $237 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
Copyright Business Wire 2014