GAMCO Global Gold. Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end management company, which invests on companies engaged in the gold and natural resources industries. It aims to provide a high level of current income and to seek capital appreciation. The company was founded on January 4, 2005 and is headquartered in Rye, NY.

GAMCO Global Gold, Natural Resources & Income Trust invests in energy and natural resources and uses a short call option strategy for generating dividend cash. The fund's prices have recently broken out from a long period of consolidation and are expected to continue rising. Investors should carefully analyze the fund's fundamentals, graphs, and options before making any investment decisions.

GGN: Perfectly Tracking Fundamentals

RYE, N.Y., Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (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 2024. 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 2024 will primarily constitute a return of capital for tax purposes.

Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GAMCO Global Gold, Natural Resources & Income Trust invests in mining and energy companies and sells covered calls for income. The shift to gold may prove wise as there is an inverse relationship between the dollar strength and gold.

GGN: Prevailing Tailwinds Await The CEF

RYE, N.Y., Nov. 16, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (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 January, February, and March 2024. 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 2023 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GAMCO Global Gold's model places it in a unique position for future growth. The growth will likely be moderated by its practice of heavily selling covered calls on its investments. In the meantime, investors receive a nice cash return monthly of $0.03.

GGN: Buy, Moderate Growth Is In The Wings

GAMCO Global Gold, Natural Resources & Income Trust uses a covered call strategy with high turnover and a cash component of over 17%. The GGN closed-end fund had a market-beating performance in the past year, generating a trailing-12-month yield of 9.63% and a total return of almost 17.5%. GGN has increased its allocation to gold mining and basic metal stocks while reducing its allocation in energy stocks, indicating a positive market assessment.

GGN: Reasonable Discount Available On This High-Yielding CEF Makes It Appealing

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (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 July, August, and September 2023. 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 2023 will primarily constitute a return of capital for tax purposes.

GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share

GGN: Compelling Dividend Yield But No Growth Despite Bullish Gold

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For the second consecutive month, equity CEFs (-0.26%) on average witnessed negative performance while their fixed income CEF cohorts (+0.87%) posted gains for the second month in three. At month end, 13% of all CEFs traded at a premium to their NAV, with 18% of equity CEFs and 9% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: March 2023

Market pressures in precious metals and oil will likely drive GAMCO Global Gold, Natural Resources & Income Trust higher. The two pressures are likely to join forces at a similar timing.

Stars Aligning For GAMCO Global Gold, Natural Resources & Income Trust

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GGN is an equity CEF that holds global energy and mining conglomerates' shares. The fund has a spotty performance and has not been an effective inflation hedge given its overweight position in gold miners and European energy companies.

GGN: No Inflation Hedging Via This 10% Yielding CEF

GGN is a very high-yielding closed-end fund that primarily invests in gold and energy. Gold is historically a strong performer during inflationary times but it has not been performing very well over the past year.

GGN: Great Idea For Right Now In Concept But Generally Poor Execution

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Distribution remains constant at $0.03 per month with GAMCO. Price swings seem tied with NAV swings.

Hedging Or Not With GGN

Despite gradually decreasing its pay-out by almost 79 percent, GGN has recorded an average yield of almost 13 percent over the past 10 years. GGN's investments are in commodities (gold, mining, energy), which tend to rise alongside inflation, and are considered safer bets during recession.

GGN: This High Yield CEF Is A Safe Bet In Current Economic Scenario

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GGN invests across both energy sector and mining stocks with a focus on gold producers. The fund has benefited from the strong momentum in oil prices over the past year although we highlighted a mixed performance to benchmarks.

GGN: Compelling 9.6% Yield, But Strategy Leaves A Lot To Be Desired

The United States has begun to suffer from the ravages of inflation in a very significant way. This poses a problem for retirees and others because of the impact it has on your assets and income.

GGN: This High-Yielding Fund Continues To Be Plagued By Value Destruction

GGN invests in a variety of gold mining and other companies that should see their share prices go up if the price of natural resources does. The price of natural resources is poised to increase as inflation sets in.

GGN: A 9% Yield And Inflation Protection

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If the labor market recovery stalls, interest rates and the dollar will fall. Inflation will stay elevated even if the labor recovery stalls.

Gold Will Shine If The Labor Recovery Stalls

GGN holds gold and natural resource producers and has an attractive 9% yield if it can support it. I continue my series looking at CEFs beyond the yield.

Evaluating CEFs: GGN Has The Gold But No Glitter

The recent $1.9 trillion stimulus bill will add to the wave of unprecedented money printing that we have seen in the United States. This could very easily lead to inflation once the economy reopens and people begin spending their money.

GGN: Stimulus Bill Boosts The Story For Gold

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Gold has been a pretty solid asset class to be in this year as uncertainty and fears of inflation have pushed investors into it. The fund invests in gold miners and to a lesser extent energy companies that are located around the world, providing a reasonable amount of diversity.

News for GAMCO Global Gold. Natural Resources & Income Trust ETF (GGN)