GBL - Dividend announcements

The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (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 October, November, and December 2022. 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 2022 will primarily constitute a return of capital for tax purposes. Distribution Month Record Date Payable Date Distribution Per Share October October 17, 2022 October 24, 2022 $0.03 November November 15, 2022

The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE: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 October, November, and December 2022. 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 2022 will primarily constitute a return of capital for tax purposes. Distribution Month Record Date Payable Date Distribution Per Share October October 17, 2022 October 24, 2022 $0.03 November Nove

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of October, November, and December 2022. Distribution Month Record Date Payable Date Distribution Per Share October October 17, 2022 October 24, 2022 $0.05 November November 15, 2022 November 22, 2022 $0.05 December December 9, 2022 December 16, 2022 $0.05 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 of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") declared a $0.16 per share cash distribution payable on September 23, 2022 to common shareholders of record on September 16, 2022. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net

The Board of Trustees of Bancroft Fund Ltd. (NYSE:BCV) (the "Fund") declared a $0.32 per share cash distribution payable on September 23, 2022 to common shareholders of record on September 16, 2022. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. 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 in

The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) (the "Fund") declared a $0.13 per share cash distribution payable on September 23, 2022 to common shareholders of record on September 16, 2022. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. 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 distributi

The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the "Fund") declared a $0.12 per share cash distribution payable on September 23, 2022 to common stock shareholders of record on September 16, 2022. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to mo

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of October, November, and December 2022. Distribution Month   Record Date   Payable Date Distribution Per Share October   October 17, 2022   October 24, 2022   $0.11 November   November 15, 2022   November 22, 2022   $0.11 December   December 9, 2022   December 16, 2022   $0.11 Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized cap

The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on September 23, 2022 to common stock shareholders of record on September 16, 2022. We note that the minimum annual distribution of 10% of the average net asset value of the Fund is based on the ending net asset values per share as of December 31, 2021, March 31, 2022, June 30, 2022, and September 30, 2022. The current net asset value is $5.51 per share and 10% of the average net asset values of the Fund would be an annualized amount approaching $0.66 per share. The net asset value per share fluctua

The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") declared a $0.15 per share cash distribution payable on September 23, 2022 to common shareholders of record on September 16, 2022. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realize

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on September 23, 2022 to common stock shareholders of record on September 16, 2022. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. Th

The Board of Trustees of The GDL Fund (NYSE:GDL) (the "Fund") declared a $0.12 per share cash distribution payable on September 23, 2022 to common shareholders of record on September 16, 2022. 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 Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. A portion of the distribu

GAMCO Investors, Inc. ("GAMCO") (NYSE:GBL) announced today that it has elected to call the remaining $33.7 million principal amount of its subordinated notes due June 15, 2023 (CUSIP No. 361438AC8) (the "Notes") at a price equal to $1,012.50 per $1,000 principal amount, which includes accrued and unpaid interest on such Notes through the September 15, 2022 payment date at the stated rate of 5.00% per annum. The Notes were issued to GAMCO shareholders as a special dividend of $2.00 per share in June 2021. GAMCO intends to fund the Notes repayment with cash on hand. About GAMCO Investors, Inc. GAMCO is known for its research-driven value approach to equity investing (known in the trade as P

The Board of Trustees (the "Board") of The Gabelli Utilities Fund (the "Fund") reaffirmed the Fund's annual distribution rate of $0.88 per share for Class I, Class A, Class AAA, and Class C shareholders. This represents $0.07 per share for the first two months of each quarter and $0.08 per share in the final month of each quarter. The Board also announced Class C shares (ticker: GAUCX) were renamed Class C1. Existing Class C1 shares will remain available for existing holders at their election, and will be available for additional investment through August 31, 2022. A new Class C share (ticker: GUXPX) is expected to become available for sale on or about September 1, 2022. The new Class C s

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on June 23, 2022 to common stock shareholders of record on June 15, 2022. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net asse

The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE: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 2022. 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 2022 will primarily constitute a return of capital for tax purposes.   Distribution Month Record Date Payable Date Distribution Per Share July July 15, 2022 July 22, 2022 $0.03 August August 17, 2022

The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (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 2022. 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 2022 will primarily constitute a return of capital for tax purposes. Distribution Month Record Date Payable Date Distribution Per Share July July 15, 2022 July 22, 2022 $0.03 August August 17, 2022 August

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of July, August, and September 2022.   Distribution Month Record Date Payable Date Distribution Per Share July July 15, 2022 July 22, 2022 $0.05 August August 17, 2022 August 24, 2022 $0.05 September September 16, 2022 September 23, 2022 $0.05   Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or ca

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") declared a $0.16 per share cash distribution payable on June 23, 2022 to common shareholders of record on June 15, 2022. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized c

The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") declared a $0.15 per share cash distribution payable on June 23, 2022 to common shareholders of record on June 15, 2022. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital

The Board of Trustees of The GDL Fund (NYSE:GDL) (the "Fund") declared a $0.12 per share cash distribution payable on June 23, 2022 to common shareholders of record on June 15, 2022. 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 Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. A portion of the distribution may b

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of July, August, and September 2022. Distribution Month Record Date Payable Date Distribution Per Share July July 15, 2022 July 22, 2022 $0.11 August August 17, 2022 August 24, 2022 $0.11 September September 16, 2022 September 23, 2022 $0.11 Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The B

The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on June 23, 2022 to common stock shareholders of record on June 15, 2022. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net

The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the "Fund") declared a $0.12 per share cash distribution payable on June 23, 2022 to common stock shareholders of record on June 15, 2022. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the

The Board of Trustees of Bancroft Fund Ltd. (NYSE:BCV) (the "Fund") declared a $0.32 per share cash distribution payable on June 23, 2022 to common shareholders of record on June 15, 2022. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. 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 conside

The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) (the "Fund") declared a $0.13 per share cash distribution payable on June 23, 2022 to common shareholders of record on June 15, 2022. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. 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,

The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE:GLU) (the "Fund") has approved a transferable rights offering which would allow the Fund's record date common shareholders to acquire additional common shares (the "Offering"). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund's securities. SUMMARY OF THE TERMS OF THE OFFERING Each shareholder will receive one transferable right (the "Right") for each common share held on the record date (May 12, 2022). Four Rights plus $16.00 (the "Subscription Price") will be required to purchase one addition

The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (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 2022. 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 2022 will primarily constitute a return of capital for tax purposes.   Distribution Month Record Date Payable Date Distribution Per Share April April 14, 2022 April 22, 2022 $0.03 May May 16, 2022 May 23

The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE: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 2022. 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 2022 will primarily constitute a return of capital for tax purposes. Distribution Month Record Date     Payable Date     Per Share April April 14, 2022     April 22, 2022     $0.03 May

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of April, May, and June 2022. Distribution Month   Record Date   Payable Date Distribution Per Share April   April 14, 2022   April 22, 2022 $0.05 May   May 16, 2022   May 23, 2022 $0.05 June   June 15, 2022   June 23, 2022 $0.05 Additionally, the Board of Trustees continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment to invest in the b

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on March 24, 2022 to common stock shareholders of record on March 17, 2022. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net as

The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE:ECF) (the "Fund") declared a $0.13 per share cash distribution payable on March 24, 2022 to common shareholders of record on March 17, 2022. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. 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

The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on March 24, 2022 to common stock shareholders of record on March 17, 2022. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The ne

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of April, May, and June 2022. Distribution Month   Record Date   Payable Date   Distribution Per Share April   April 14, 2022   April 22, 2022   $0.11 May   May 16, 2022   May 23, 2022   $0.11 June   June 15, 2022   June 23, 2022   $0.11 Additionally, the Board of Trustees continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment

The Board of Trustees of Bancroft Fund Ltd. (NYSE:BCV) (the "Fund") declared a $0.32 per share cash distribution payable on March 24, 2022 to common shareholders of record on March 17, 2022. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund's trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. 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 consi

The Board of Trustees of The GDL Fund (NYSE:GDL) (the "Fund") declared a $0.12 per share cash distribution payable on March 24, 2022 to common shareholders of record on March 17, 2022. 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 Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. A portion of the distribution may

The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") declared a $0.15 per share cash distribution payable on March 24, 2022 to common shareholders of record on March 17, 2022. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capita

The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the "Fund") declared a $0.12 per share cash distribution payable on March 24, 2022 to common stock shareholders of record on March 17, 2022. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor th

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") declared a $0.16 per share cash distribution payable on March 24, 2022 to common shareholders of record on March 17, 2022. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. The Board of Trustees may change the amount of the quarterly distribution at any time. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") authorized the redemption of all remaining outstanding 5.450% Series A Cumulative Preferred Shares (the "Series A Preferred Shares"). The Series A Preferred Shares will be redeemed at $25.24600694 per share (the "Redemption Price"), which consists of $25.00 per share (the "Liquidation Preference") plus $0.24600694 per share representing accumulated but unpaid dividends and distributions through the redemption date of February 28, 2022 (the "Redemption Date"). From and after the Redemption Date, the Series A Preferred Shares being redeemed will no longer be deemed outstanding, dividends will ce

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") authorized the redemption of all remaining outstanding 5.625% Series A Cumulative Preferred Shares (the "Series A Preferred Shares'). The Series A Preferred Shares will be redeemed at $25.13671875 per share (the "Redemption Price"), which consists of $25.00 per share (the "Liquidation Preference") plus $0.13671875 per share representing accumulated but unpaid dividends and distributions to the redemption date of January 31, 2022 (the "Redemption Date"). From and after the Redemption Date, the Series A Preferred Shares being redeemed will no longer be deemed outstanding, dividends will cease to accumulate and all the

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") authorized the redemption of all remaining outstanding 5.25% Series G Cumulative Preferred Shares (the "Series G Preferred Shares"). The Series G Preferred Shares will be redeemed at $25.127604 per share (the "Redemption Price"), which consists of $25.00 per share (the "Liquidation Preference") plus $0.127604 per share representing accumulated but unpaid dividends and distributions through the redemption date of January 31, 2022 (the "Redemption Date"). From and after the Redemption Date, the Series G Preferred Shares being redeemed will no longer be deemed outstanding, dividends will cease to accumulate a

The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") announces total distributions for 2021 of $0.96 per share, which includes $0.60 previously paid plus an additional $0.36 per share. The additional cash distribution is payable on January 6, 2022 to common shareholders of record on December 30, 2021. The additional distribution is being made to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies and avoid Federal excise tax on undistributed investment company taxable income. The additional distribution will be included in the 2021 income for shareholders subject to income tax. All or part of t

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") announces total distributions for 2021 of $1.04 per share, which includes $0.64 previously paid plus an additional $0.40 per share. The additional cash distribution is payable on January 6, 2022 to common shareholders of record on December 30, 2021. The additional distribution is being made to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies and avoid Federal excise tax on undistributed investment company taxable income. The additional distribution will be included in the 2021 income for shareholders subject to income tax. All or pa

The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the "Fund") announces total distributions for 2021 of $0.56 per share, which includes $0.53 previously paid plus an additional $0.03 per share. The additional cash distribution is payable on January 6, 2022 to common stock shareholders of record on December 30, 2021. The additional distribution is being made to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies and avoid Federal excise tax on undistributed investment company taxable income. The additional distribution will be included in the 2021 income for shareholders subject to income t

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") announces total distributions for 2021 of $1.38 per share, which includes $1.32 previously paid plus an additional $0.06 per share. The additional cash distribution is payable on January 6, 2022 to common shareholders of record on December 30, 2021. The additional distribution is being made to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies and avoid Federal excise tax on undistributed investment company taxable income. The additional distribution will be included in the 2021 income for shareholders subject to income tax. All or part of the dis

The Board of Directors of The Gabelli Equity Trust (NYSE:GAB) (the "Fund") authorized the redemption of all of its 5.45% Series J Cumulative Preferred Stock (the "Series J Preferred"). The redemption date is January 31, 2022 (the "Redemption Date"), and the redemption price is $25.132465 (the "Redemption Price") per Series J Preferred, which is equal to the liquidation preference of $25.00 per share plus $0.132465 per share representing accumulated and unpaid dividends and distributions to the Redemption Date. Beginning on the Redemption Date, the Series J Preferred will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the holders of the Series J Pr

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") authorized the redemption of all outstanding 5.625% Series A Cumulative Preferred Shares (the "Series A Preferred Shares'). The redemption date will be announced at a later date. The redemption price is $25.00 per Series A Preferred Share, plus an amount equal to any accumulated and unpaid dividends to the redemption date. As of the redemption date, the Series A Preferred Shares will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the holders of the Series A Preferred shares with respect to the Series A Preferred Shares will cease, except the right to receive the redemption

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") authorized the redemption of all outstanding 5.450% Series A Cumulative Preferred Shares (the "Series A Preferred Shares'). The redemption date will be announced at a later date. The redemption price is $25.00 per Series A Preferred Share, plus an amount equal to any accumulated and unpaid dividends to the redemption date. As of the redemption date, the Series A Preferred Shares will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the holders of the Series A Preferred shares with respect to the Series A Preferred Shares will cease, except the right to

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") authorized the redemption of all outstanding 5.25% Series G Cumulative Preferred Shares (the "Series G Preferred Shares"). The redemption date will be announced at a later date. The redemption price is $25.00 per Series G Preferred Share, plus an amount equal to any accumulated and unpaid dividends to the redemption date. As of the redemption date, the Series G Preferred Shares will no longer be deemed outstanding, dividends will cease to accumulate and all the rights of the holders of the Series G Preferred shares with respect to the Series G Preferred Shares will cease, except the right to receive the re

The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE: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 2022. 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 2022 will primarily constitute a return of capital for tax purposes. Distribution Month Record Date Payable Date January January 14, 2022 January 24, 2022 February February 11, 2022 February 18, 202

The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (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 2022. 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 2022 will primarily constitute a return of capital for tax purposes.   Distribution Month Record Date Payable Date January January 14, 2022 January 24, 2022 February February 11, 2022 February 18, 2022 March

The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.18 per share cash distribution payable on December 17, 2021 to common stock shareholders of record on December 10, 2021. With this fourth quarter distribution, the total distributions from the Fund for 2021 would equate to $0.63 per share. The Fund paid distributions of $0.15 per share in each of the first, second, and third quarters of 2021. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. We note that 10% of the average net asset val

The Board of Trustees of The GDL Fund (NYSE:GDL) (the "Fund") declared a $0.12 per share cash distribution payable on December 17, 2021 to common shareholders of record on December 10, 2021. 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 Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. A portion of the distributi

The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") reaffirms its quarterly distribution policy and declared a $0.15 per share cash distribution payable on December 17, 2021 to common shareholders of record on December 10, 2021. The Board of Trustees also authorized an additional year end cash distribution in accordance with the minimum distribution requirements for the Internal Revenue Code, which will include any undistributed additional income and realized net capital gains in excess of the quarterly distributions for the year. The amount and dates of the additional distribution will be announced at a later date. The additional distribution will b

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") reaffirms its quarterly distribution policy and declared a $0.16 per share cash distribution payable on December 17, 2021 to common shareholders of record on December 10, 2021. The Board of Trustees also authorized an additional year end cash distribution in accordance with the minimum distribution requirements for the Internal Revenue Code, which will include any undistributed additional income and realized net capital gains in excess of the quarterly distributions for the year. The amount and dates of the additional distribution will be announced at a later date. The additional distribution

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of January, February, and March 2022. Distribution Month Record Date Payable Date January January 14, 2022 January 24, 2022 February February 11, 2022 February 18, 2022 March March 17, 2022 March 24, 2022 Additionally, the Board of Trustees continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment to invest in the broader equity markets

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of January, February, and March 2022. Distribution Month Record Date Payable Date January January 14, 2022 January 24, 2022 February February 11, 2022 February 18, 2022 March March 17, 2022 March 24, 2022 The Board of Trustees also authorized an additional year end cash distribution in accordance with the minimum distribution requirements for the Internal Revenue Code, which will include any undistribut

The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the "Fund") declared a $0.17 per share cash distribution payable on December 17, 2021 to common stock shareholders of record on December 10, 2021. With this fourth quarter distribution, the total distributions from the Fund for 2021 would equate to $0.53 per share. The Fund paid distributions of $0.12 per share in each of the first, second, and third quarters of 2021. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for r

The Board of Trustees of Bancroft Fund Ltd. (NYSE:BCV) (the "Fund") declared a $3.17 per share cash distribution payable on December 28, 2021 to common shareholders of record on November 24, 2021. With this fourth quarter distribution, the total distributions from the Fund for the calendar year 2021 would equate to $4.13 per share, a 32% increase from $3.12 last year. The Fund's fiscal year ends October 31, 2021. Please remember that past performance may not be indicative of future results. Shareholders who are not members of the Fund's Automatic Dividend Investment Plan will be given the option to receive the distribution either in cash or in beneficial shares of the Fund. The distributi