The Gabelli Global Gold, Natural Resources & Income Trust Announces Name Change
December 07 2011 - 1:29PM
Business Wire
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 unaffected.
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.
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