Gabelli Global Small & Mid Cap Value Tru Stock Price, News & Analysis

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on December 16, 2022, to shareholders on record as of December 9, 2022. The Board of Trustees will review the distribution amount quarterly and may adjust it based on the Fund’s income and capital gains. For 2022, approximately 36% of the distributions come from net capital gains, while 64% is treated as a return of capital. Shareholders will receive tax reports early 2023 detailing the components of these distributions.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on September 23, 2022, to shareholders of record on September 16, 2022. The Board of Trustees will review the distribution amount quarterly, which may include adjustments for additional income and capital gains. About 1% of the 2022 distributions will come from net investment income, 21% from net capital gains, and 78% will be deemed return of capital. Total net assets of the Fund are $167 million.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on June 23, 2022, to shareholders of record on June 15, 2022. The Board of Trustees will regularly review the distribution amount, subject to market conditions and fund performance. The Fund, with $162 million in total net assets, aims for long-term capital growth, investing primarily in small to medium-sized equity securities. Future distributions may include capital gains and could impact shareholders' tax situations.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on March 24, 2022, to shareholders on record by March 17, 2022. The Board of Trustees regularly reviews distribution amounts, which may vary each quarter. This year, approximately 6% of the distribution will come from net capital gains, with 94% classified as a return of capital. Shareholders will receive tax treatment details for 2022 distributions in early 2023 via Form 1099-DIV.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has announced the redemption of all outstanding 5.450% Series A Cumulative Preferred Shares at a price of $25.24600694 per share, effective February 28, 2022. This amount includes $25.00 as the Liquidation Preference and $0.24600694 for accumulated unpaid dividends. Post-redemption, dividends will cease, and all rights associated with these shares will end except for the claim to the Redemption Price. The shares are held in book-entry form through the Depository Trust Company.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced total distributions for 2021 amounting to $1.04 per share, which includes a $0.40 additional distribution payable on January 6, 2022. This move aims to meet minimum distribution requirements to avoid Federal excise tax. For tax purposes, the distribution consists of approximately 13% from net investment income and 87% from net capital gains. Shareholders will receive details about the distribution components via Form 1099-DIV in early 2022.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has authorized the redemption of all outstanding 5.450% Series A Cumulative Preferred Shares, priced at $25.00 per share, plus any accumulated unpaid dividends. The exact redemption date will be announced later. Upon redemption, these shares will cease to be outstanding, and dividends will stop accumulating. The preferred shares are rated 'A2' by Moody's, with an annual dividend rate of $1.3625. Gabelli Funds, LLC manages the Trust, which focuses on long-term capital growth with $238 million in total net assets.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a quarterly cash distribution of $0.16 per share, payable on December 17, 2021, for shareholders on record by December 10, 2021. Additionally, the Board has authorized a year-end distribution to meet IRS minimum requirements, details of which will be disclosed later. The Fund, with total net assets of $238 million, aims for long-term capital growth by investing at least 80% of its assets in small and medium-sized companies. Tax treatments for distributions will vary and will be communicated to shareholders.

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has announced the issuance of four million 4.00% Series B Cumulative Preferred Shares with a total liquidation value of $40 million. These shares are non-callable until September 26, 2024 and have a liquidation preference of $10 each. Quarterly distributions will commence on December 26, 2021. The Fund aims for long-term capital growth, investing primarily in small to medium market capitalization equity securities.