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The Gabelli Global Small and Mid Cap Value Trust reports closed-end fund distribution actions and policy updates for its NYSE-listed common shares. The fund is a diversified closed-end management investment company seeking long-term capital growth through equity securities, including common and preferred stock.
Recurring updates center on quarterly cash distributions, Board of Trustees reviews of distribution levels, net asset value considerations, regulated investment company distribution requirements and potential year-end adjusting distributions.
Gabelli Funds, is hosting its 30th Annual Aerospace & Defense Symposium on September 5, 2024, at The Harvard Club in New York City. The event will feature top executives from over ten companies in the aerospace and defense industry. Key themes include strong demand outlook, high barriers to entry, large aftermarket opportunity, growth exceeding GDP, defense spending, and M&A potential.
Featured companies include AAR Corp., Albany International Corp., Astronics , Bridger Aerospace Group Holdings, Crane Holdings Co., Curtiss-Wright , Ducommun Incorporated, Elbit Systems , Graham , HEICO , Kopin , Moog Inc., Park Aerospace Corp., Redwire , Textron Inc., VSE , and Woodward, Inc. Attendees will have the opportunity for one-on-one meetings with management. The symposium starts at 8:30 am, and interested parties can register online.
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has declared a $0.16 per share cash distribution for the third quarter, payable on September 23, 2024, to shareholders of record on September 16, 2024. The Fund aims to pay quarterly distributions, with the amount determined by the Board of Trustees. Additionally, an adjusting distribution may be paid in December to meet minimum distribution requirements.
The distribution breakdown for 2024 is estimated as 14% from net investment income, 53% from net capital gains, and 33% as return of capital. However, these figures are subject to final determination after year-end. Shareholders will receive detailed tax information via Form 1099-DIV in early 2025.
Gabelli Funds is hosting its 30th Annual Aerospace & Defense Symposium on September 5, 2024, at The Harvard Club in New York City. The event will feature top executives from over ten companies, focusing on key industry themes such as strong demand outlook, high barriers to entry, large aftermarket opportunity, growth exceeding GDP, defense spending, and M&A potential.
Attendees will have the opportunity to engage in one-on-one meetings with management. Featured companies include AAR Corp, Elbit Systems, Albany International, Graham , Astronics , Moog Inc, Bridger Aerospace Group Holdings, Redwire , Crane Holdings, Textron Inc, Curtiss-Wright , VSE , Ducommun Incorporated, and Woodward, Inc.
The symposium starts at 8:30 am on September 5, 2024. For registration and inquiries, interested parties can contact James Carey at jcarey@gabelli.com or (914) 921-8318.
Gabelli Funds (GAMCO) (OTCQX: GAMI) will be the Principal Sponsor of the Morningstar Investment Conference in Chicago on June 26-27, 2024. Portfolio Managers John Belton and Tony Bancroft will present. John Belton, CFA and Managing Director of Growth Equities, will discuss ‘Investing in Generative AI’ at 10:45 am CT on June 26. Tony Bancroft, a former USMC F/A-18 Hornet fighter pilot and Portfolio Manager of the Gabelli Commercial Aerospace & Defense ETF (GCAD), will speak on 'Commercial Aviation and Defense Spending' at 10:15 am CT on June 27. GAMI highlights that their funds, GGRW and GCAD, are managed by Gabelli Funds, emphasizing potential risks and benefits unique to these ETFs. Detailed prospectuses are available for those interested in investing.
Gabelli Funds will host its 16th Annual Media & Entertainment Symposium at the Harvard Club in New York City on June 6, 2024. The event will feature discussions with key companies in the media industry, focusing on industry dynamics, trends, and business fundamentals. Attendees can participate in Sports Investing and Advertising Panels and have one-on-one meetings with management. The symposium will also be available via webcast for remote participants. Key speakers include executives from TVB, Gray Television, Sirius XM, Lionsgate, Rogers Communications, Ryman Hospitality, E.W. Scripps, Sinclair, Nexstar Media, TEGNA, comScore, Clear Channel Outdoor, Beasley Broadcast Group, and Entravision Communications.
Gabelli Funds will host its 16th Annual Media & Entertainment Symposium on June 6, 2024, at the Harvard Club in New York City. The event features discussions with top media companies about industry trends, sports investing, and advertising. Key speakers include executives from TVB, Gray Television, Sirius XM, Lionsgate, Rogers Communications, and many more. The symposium offers both in-person and webcast attendance options. Investors can register online or contact their representative for more information.
The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) declared a $0.16 per share cash distribution for Q2 2024.
Payable on June 21, 2024, to common shareholders of record on June 13, 2024, the Fund aims to distribute quarterly amounts decided by the Board.
Additionally, an adjusting distribution in December may be issued to meet IRS minimum distribution requirements.
The distribution policy is subject to change and should not be equated with dividend yield or total return.
For 2024, an estimated 3% of distributions are from net investment income, 19% from net capital gains, and 78% as a return of capital.
Final component determination will occur after year-end.
Investors should assess the Fund's objectives, risks, charges, and expenses before investing.
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