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2 Years : From May 2011 to May 2013
The Gabelli Global Gold, Natural Resources & Income Trust (the “Fund”)
has changed its name to the GAMCO Global Gold, Natural Resources &
Income Trust by Gabelli, effective December 1, 2011.
The Fund’s primary investment objective, risk profile, and management
team will not change. The number of shares you hold in the Fund is
Because of the name change, the Fund has been assigned new CUSIPs for
its outstanding securities. The new CUSIPs are 36465A109 for the Fund’s
common shares and 36465A208 for the Fund’s Series A Cumulative Preferred
Shares. The Fund’s securities will begin trading under the new CUSIPs on
December 19, 2011.
The Fund’s primary investment objective is to provide a high level of
current income. The Fund invests primarily in equity securities of gold
and natural resources companies and intends to earn income primarily
through a strategy of writing (selling) primarily covered call options
on equity securities in its portfolio. Because of its primary strategy
the Fund forgoes the opportunity to participate fully in the
appreciation of the underlying equity security above the exercise price
of the option. It is also subject to the risk of depreciation of the
underlying equity security in excess of the premium received.
GGN is a non-diversified, closed-end management investment company with
$1.3 billion in total net assets. The Fund is managed by Gabelli Funds,
LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a
publicly traded, NYSE-listed company.
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain some
forward-looking statements. Forward-looking statements give our current
expectations or forecasts of future events. You can identify these
statements because they do not relate strictly to historical or current
facts. They use words such as "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," and other words and terms of
similar meaning. They also appear in any discussion of future operating
or financial performance. In particular, these include statements
relating to future actions, future performance of our products,
expenses, the outcome of any legal proceedings, and financial results.
Although we believe that we are basing our expectations and beliefs on
reasonable assumptions within the bounds of what we currently know about
our business and operations, there can be no assurance that our actual
results will not differ materially from what we expect or believe. Some
of the factors that could cause our actual results to differ from our
expectations or beliefs include, without limitation: the adverse effect
from a decline in the securities markets; a decline in the performance
of our products; a general downturn in the economy; changes in
government policy or regulation; changes in our ability to attract or
retain key employees; and unforeseen costs and other effects related to
legal proceedings or investigations of governmental and self-regulatory
organizations. We also direct your attention to any more specific
discussions of risk contained in our other public filings. We are
providing these statements as permitted by the Private Litigation Reform
Act of 1995. We do not undertake to update publicly any forward-looking
statements if we subsequently learn that we are unlikely to achieve our
expectations or if we receive any additional information relating to the
subject matters of our forward-looking statements.