The Gabelli Food of All Nations NextShares Declares Year End Distribution of $0.2173 Per Share
December 06 2017 - 5:20PM
Business Wire
Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:
GBL) (“GAMCO”), announced The Gabelli Food of All Nations
NextShares (NASDAQ: FOANC) will pay a $0.2173 per share year end
distribution payable on December 15, 2017 to shareholders of record
on December 8, 2017.
All or part of the distribution may be treated as qualified
dividend income for individuals, subject to the maximum federal
income tax rate, which is currently 20% in taxable accounts for
individuals (or zero depending on an individual’s tax bracket). In
addition, certain U.S. shareholders who are individuals, estates or
trusts and whose income exceeds certain thresholds will be required
to pay a 3.8% Medicare surcharge on their "net investment income",
which includes dividends and short-term capital gains received from
the Fund.
The sources of the distribution are $0.0875 per share designated
as ordinary income and $0.1298 per share designated as short-term
capital gains. This estimate is based on book basis earnings.
The final determination of the proportion of short-term capital
gains and ordinary income, distributed in 2017 will be made after
year end. All taxable shareholders will receive written
notification regarding the components and tax treatment for all
2017 distributions in early 2018 via Form 1099-DIV.
All investments are subject to risks, including possible loss of
principal. Please carefully consider the investment objectives,
risks, charges, and expenses of Gabelli Food of All Nations
NextShares before investing. Please carefully read a copy of the
Gabelli Food of All Nations NextShares’ prospectus before
investing, which contains this and other information about Gabelli
Food of All Nations NextShares; you can obtain a copy of the
prospectus by calling 800-GABELLI (422-3554).
Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
NextShares is a trademark of NextShares Solutions LLC. All
Rights Reserved.
Creation units of Gabelli NextShares will be distributed by
G.distributors, LLC, an affiliate of Gabelli Funds, LLC, the
investment advisor to Gabelli NextShares.
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version on businesswire.com: http://www.businesswire.com/news/home/20171206006342/en/
Gabelli Funds, LLCBethany Uhlein, 914-921-5070
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