Gabelli Global Small and Mid Cap Value Trust Declares Third Quarter Distribution of $0.16 Per Share
Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has declared a quarterly cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record as of September 16, 2025.
The distribution's composition is approximately 10% from net investment income, 23% from net capital gains, and 67% return of capital on a book basis. The Fund maintains a quarterly distribution policy, with the Board of Trustees reviewing potential distributions based on income, realized capital gains, and available capital each quarter.
Shareholders should note that distributions may be subject to a maximum 20% federal income tax rate for long-term capital gains and qualified dividend income, plus a 3.8% Medicare surcharge for certain investors.
Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) ha annunciato una distribuzione in contanti trimestrale di $0,16 per azione, pagabile il 23 settembre 2025 agli azionisti registrati al 16 settembre 2025.
La composizione della distribuzione, su base contabile, è approssimativamente 10% da reddito netto da investimenti, 23% da plusvalenze nette e 67% come ritorno di capitale. Il fondo segue una politica di distribuzione trimestrale: il Consiglio di Amministrazione valuta ogni trimestre eventuali distribuzioni in base ai redditi, alle plusvalenze realizzate e al capitale disponibile.
Si avvisa che le distribuzioni possono essere soggette a un'aliquota massima del 20% sull'imposta federale sul reddito per plusvalenze a lungo termine e dividendi qualificati, oltre a un 3,8% di sovrattassa Medicare per alcuni investitori.
Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) ha declarado una distribución trimestral en efectivo de $0,16 por acción, pagadera el 23 de septiembre de 2025 a los accionistas registrados al 16 de septiembre de 2025.
La composición de la distribución, en base contable, es aproximadamente 10% de ingresos netos por inversiones, 23% de ganancias de capital netas y 67% retorno de capital. El fondo mantiene una política de distribución trimestral; la Junta de Fiduciarios revisa cada trimestre las posibles distribuciones en función de los ingresos, las ganancias de capital realizadas y el capital disponible.
Los accionistas deben tener en cuenta que las distribuciones pueden estar sujetas a una tasa máxima del 20% del impuesto federal sobre la renta para ganancias de capital a largo plazo y dividendos calificados, además de un 3,8% de recargo Medicare para ciertos inversores.
Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ)는 주당 $0.16의 분기 현금 배당을 발표했으며, 이는 2025년 9월 16일 현재 주주에게 2025년 9월 23일에 지급됩니다.
회계 기준으로 배당 구성은 대략 10%는 순투자수익, 23%는 순자본이득, 67%는 자본 환원입니다. 펀드는 분기별 배당 정책을 유지하며, 이사회는 소득, 실현된 자본이득 및 이용 가능한 자본을 기준으로 분기마다 배당 가능성을 검토합니다.
주주들은 분배금이 장기 자본이득 및 적격 배당 소득에 대해 최대 연방소득세 20%가 적용될 수 있으며, 특정 투자자에게는 3.8%의 Medicare 추가 부담금이 부과될 수 있음을 유의해야 합니다.
Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) a déclaré une distribution trimestrielle en espèces de 0,16 $ par action, payable le 23 septembre 2025 aux actionnaires inscrits au registre au 16 septembre 2025.
La composition de la distribution, sur une base comptable, est d'environ 10% provenant du revenu net d'investissement, 23% de plus-values nettes et 67% de retour de capital. Le fonds applique une politique de distribution trimestrielle; le conseil d'administration examine chaque trimestre les distributions potentielles en fonction des revenus, des plus-values réalisées et du capital disponible.
Les actionnaires doivent noter que les distributions peuvent être soumises à un taux maximum de 20% d'impôt fédéral sur le revenu pour les gains en capital à long terme et les dividendes qualifiés, ainsi qu'à une majoration Medicare de 3,8% pour certains investisseurs.
Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) hat eine vierteljährliche Barausschüttung von $0,16 je Aktie beschlossen, zahlbar am 23. September 2025 an Aktionäre, die am 16. September 2025 im Aktienregister stehen.
Die Zusammensetzung der Ausschüttung beträgt auf Buchbasis etwa 10% aus Nettoanlageerträgen, 23% aus Netto-Kapitalgewinnen und 67% Kapitalrückführung. Der Fonds verfolgt eine vierteljährliche Ausschüttungspolitik; der Verwaltungsrat prüft vierteljährlich mögliche Ausschüttungen auf Grundlage von Erträgen, realisierten Kapitalgewinnen und verfügbarem Kapital.
Aktionäre sollten beachten, dass Ausschüttungen für langfristige Kapitalgewinne und qualifizierte Dividenden einem maximalen Bundeseinkommensteuersatz von 20% unterliegen können, zuzüglich eines 3,8% Medicare-Zuschlags für bestimmte Anleger.
- Consistent quarterly distribution maintained at $0.16 per share
- Diversified distribution composition including investment income and capital gains
- Board actively monitors and adjusts distribution policy based on market conditions
- High proportion (67%) of distribution classified as return of capital
- Fund may not be generating sufficient earnings to cover distributions
- Distributions subject to additional 3.8% Medicare surcharge for certain investors
Insights
GGZ declares $0.16 quarterly distribution with 67% return of capital, potentially signaling distribution sustainability challenges.
Gabelli Global Small and Mid Cap Value Trust (GGZ) has declared its Q3 distribution of
Looking at the distribution breakdown, only
High return of capital percentages often indicate the fund isn't generating sufficient income to cover its distribution. This could potentially be problematic long-term as it may gradually erode the fund's asset base if not offset by portfolio appreciation. While return of capital distributions aren't immediately taxable (they reduce cost basis instead), they suggest the current distribution rate might not be sustainable from fund earnings alone.
The fund's quarterly review process by the Board allows for adjustment based on NAV and market conditions, providing some flexibility. However, the high return of capital component warrants careful monitoring by investors, as it could signal either temporary underperformance or a structural mismatch between the fund's earning capacity and its distribution policy.
RYE, N.Y., Aug. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the “Fund”) declared a
The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. 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 gains in excess of the quarterly distributions for that year.
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 Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would include approximately
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:
Bethany Uhlein
(914) 921-5546
About The Gabelli Global Small and Mid Cap Value Trust
The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with
NYSE – GGZ
CUSIP – 36249W104
THE GABELLI GLOBAL SMALL AND MID CAP VALUE TRUST
Investor Relations Contact:
Bethany Uhlein
(914) 921-5546
buhlein@gabelli.com
FAQ
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