Gabelli Global Small and Mid Cap Value Trust Declares Third Quarter Distribution of $0.21 Per Share

Rhea-AI Summary

Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) declared a third-quarter cash distribution of $0.21 per share, payable on September 23, 2026 to common shareholders of record on September 16, 2026. The Fund follows a Board-determined quarterly distribution policy and may pay an additional adjusting distribution in December to meet regulated investment company requirements.

According to the Fund, preliminary 2026 accounting indicates distributions consist of approximately 19% net investment income and 81% net capital gains on a book basis. Portions of distributions may be taxable as long-term capital gains or qualified dividend income, or treated as return of capital if payouts exceed earnings.

Positive

• $0.21 per share Q3 2026 cash distribution declared, payable September 23, 2026
• Board targets ongoing quarterly distributions with potential December adjusting payout
• Preliminary 2026 mix estimated at 81% net capital gains and 19% net investment income

Negative

• If annual distributions exceed earnings, excess is classified as return of capital
• Distribution policy may be modified or discontinued by the Board at any time
• Current distribution rate is not a measure of dividend yield or total return

News Explained

For the declared 2026 distributions, the Fund says it will determine the final tax components after year-end and notify shareholders in early 2027; any portion ultimately classified as return of capital generally reduces a shareholder’s cost basis and is generally not taxable.

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RYE, N.Y., Aug. 12, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the “Fund”) declared a $0.21 per share cash distribution payable on September 23, 2026 to common shareholders of record on September 16, 2026.

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 20% in taxable accounts for individuals (or less 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 received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

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 2026 would include approximately 19% from net investment income and 81% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.

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 $169 million in total net assets whose primary investment objective is to achieve long-term capital growth of capital. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities (such as common stock and preferred stock) of companies with small or medium sized market capitalizations. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

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

What dividend did Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) declare for the third quarter of 2026?

Gabelli Global Small and Mid Cap Value Trust declared a $0.21 per share cash distribution for the third quarter of 2026. According to the Fund, this distribution is part of its Board-determined quarterly payout policy for common shareholders.

When is the GGZ $0.21 per share distribution record date and payment date for Q3 2026?

The GGZ third-quarter 2026 distribution is payable on September 23, 2026 to shareholders of record on September 16, 2026. According to the Fund, investors must own shares by the record date to receive this cash distribution.

How are Gabelli Global Small and Mid Cap Value Trust (GGZ) 2026 distributions estimated to be composed?

For 2026, GGZ currently estimates its distributions at approximately 19% from net investment income and 81% from net capital gains on a book basis. According to the Fund, final tax components will be determined after year end and reported on Form 1099-DIV.

Can GGZ distributions be treated as return of capital for tax purposes in 2026?

GGZ distributions may be treated as return of capital if annual payouts exceed the Fund’s earnings. According to the Fund, any such excess generally reduces an investor’s cost basis and is typically not immediately taxable, subject to each shareholder’s tax situation.

Does the $0.21 GGZ distribution indicate the Fund’s performance or total return?

The $0.21 distribution does not by itself indicate GGZ’s performance or total return. According to the Fund, the distribution rate should not be viewed as dividend yield or overall investment return and should not be used to judge portfolio performance.

Is the Gabelli Global Small and Mid Cap Value Trust (GGZ) distribution policy guaranteed to continue?

GGZ’s distribution policy is not guaranteed and may be changed at any time. According to the Fund, the Board of Directors regularly reviews distribution levels and can modify or discontinue the policy based on net asset value and market conditions.