GAMCO Natural Resources, Gold & Income Trust Announcing New Initiative For Fund Support
August 01 2024 - 8:51AM
The GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT)
(the “Fund”), announced today new marketing initiatives and support
to strengthen the dialogue with shareholders and investors and gain
increased recognition of the Fund.
David Schachter, Senior Vice President of GAMCO
Investors, Inc., has extensive closed-end fund sales, marketing,
and administrative expertise acquired during his 40 year career in
closed-end funds. For the past twenty-five years, he has been Vice
President of the Gabelli Utility Trust, a position he will continue
to hold. Prior to joining Gabelli in 1998, Mr. Schachter worked for
Thomas J. Herzfeld Advisors, a recognized authority specializing in
closed-end funds. In addition to making several television
appearances, he has been quoted in numerous newspapers and
magazines on topics related to the industry. He co-authored the
report “Closed-End Funds Managed Distribution Policy,” which has
influenced the policies and practices of closed-end funds.
Speaking of his responsibility, Mr. Schachter
said, “I am excited to raise awareness of The GAMCO Natural
Resources, Gold & Income Trust and look forward to spreading
the word about the Fund. It is my stated goal to narrow the
discount of our Fund and I have asked the Fund’s Board of Trustees
to bestow upon me the honorary title of ‘Discount Doctor’ to help
accomplish this. I will dedicate myself and pledge to work to this
specific objective, which will be accomplished in several to be
communicated ways.” Mr. Schachter, together with his colleagues,
plans to continue educating investors and financial professionals
about closed-end funds and stimulate interest with several new
initiatives for The GAMCO Natural Resources, Gold & Income
Trust.
Closed-end funds are often overlooked investment
opportunities and provide investors with professional money
management, verifiable track records, income, and many times
outstanding value.
Financial professionals and investors are
invited to contact Mr. Schachter directly at (914) 921-5057 or
(800) GABELLI. “I have been privileged to talk with thousands of
investors and financial advisors throughout my career and look
forward to meaningful engagement as I work to narrow the discount
of The GAMCO Natural Resources, Gold & Income Trust.”
Gabelli Funds, LLC is the adviser to thirteen
closed-end funds which trade on the NYSE: Gabelli Equity Trust
(NYSE: GAB), Gabelli Convertible and Income Securities Fund (NYSE:
GCV), Gabelli Multimedia Trust (NYSE: GGT), Gabelli Utility Trust
(NYSE: GUT), Gabelli Dividend & Income Trust (NYSE: GDV),
Gabelli Global Utility & Income Trust (NYSE American: GLU),
Gabelli Global Gold Natural Resources & Income Trust (NYSE
American: GGN), The GDL Fund (NYSE: GDL), Gabelli Healthcare &
Wellness Rx Trust (NYSE: GRX), Gabelli Natural Resources, Gold
& Income Trust (NYSE: GNT), Gabelli Global Small and Mid-Cap
Value Trust (NYSE: GGZ), Bancroft Fund (NYSE American: BCV) and
Ellsworth Growth & Income Fund (NYSE American: ECF). As of June
30, 2024, the thirteen Gabelli closed-end funds had total assets of
$7.0 billion.
Investors should carefully consider the
investment objectives, risks, charges, and expenses of the Fund
before investing. For more information regarding the Fund’s
distribution policy and other information about the Fund, call:
David Schachter(914) 921-5057
The Fund’s NAV per share will fluctuate with
changes in the market value of the Fund’s portfolio securities.
Stocks are subject to market, economic, and business risks that
cause their prices to fluctuate. Investors acquire shares of the
Fund on a securities exchange at market value, which fluctuates
according to the dynamics of supply and demand. When Fund shares
are sold, they may be worth more or less than their original cost.
Consequently, you can lose money by investing in the Fund.
Covered Call and Other Option Transaction Risks.
There are several risks associated with writing covered calls and
entering into other types of option transactions. For example,
there are significant differences between the securities and
options markets that could result in an imperfect correlation
between these markets, resulting in a given transaction not
achieving its objectives. In addition, a decision as to whether,
when, and how to use covered call options involves the exercise of
skill and judgment, and even a well-conceived transaction may be
unsuccessful because of market behavior or unexpected events. As
the writer of a covered call option, the Fund forgoes, during the
option’s life, the opportunity to profit from increases in the
market value of the security covering the call option above the
exercise price of the call option, but has retained the risk of
loss should the price of the underlying security decline.
About The GAMCO Natural Resources, Gold
& Income TrustThe GAMCO Natural Resources, Gold &
Income Trust is a diversified, closed-end management investment
company with $140 million in total net assets whose 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. The Fund is managed by Gabelli
Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX:
GAMI).
NYSE – GNTCUSIP – 36465E101
Investor Relations Contact:David Schachter(914)
921-5057dschachter@gabelli.com
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