Welcome to our dedicated page for Gabelli Global Small & Mid Cap Value Tru news (Ticker: GGZ), a resource for investors and traders seeking the latest updates and insights on Gabelli Global Small & Mid Cap Value Tru stock.
The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a diversified, closed-end management investment company focused on long-term capital growth of capital. Public announcements about GGZ frequently center on its distribution policy, portfolio focus on equity securities of small and mid-cap companies, and governance by its Board of Trustees.
News related to GGZ often highlights quarterly cash distribution declarations and any changes to the annualized distribution rate. These updates describe how the Board of Trustees determines the amount of each quarterly distribution, the potential for an additional adjusting distribution in December, and how distributions may be composed of net investment income, net capital gains, and return of capital. The Fund’s communications also explain the tax treatment of different distribution components for shareholders.
Investors following GGZ news can see how the Fund’s distribution policy is monitored in light of factors such as net asset value and the financial market environment, as described by the Board. The Fund’s updates also provide estimates of the breakdown of each distribution for the year on a book basis, with final figures determined after year end.
This news page aggregates press releases and other public communications concerning The Gabelli Global Small and Mid Cap Value Trust, including distribution declarations and policy descriptions. It offers a centralized view of how the Fund describes its investment objective, its focus on equity securities of small and medium sized market capitalization companies, and its approach to shareholder distributions.
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
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
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) has declared a cash distribution of $0.16 per share, payable on September 23, 2021, to shareholders of record on September 16, 2021. The distribution amount may vary quarterly based on the Board of Trustees' review of income and capital gains. If the Fund's earnings do not cover distributions, excess amounts will be considered a return of capital. In 2021, distributions are estimated to comprise approximately 12% net investment income and 88% net capital gains.
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a $0.16 cash distribution per share, payable on June 23, 2021, to shareholders on record as of June 16, 2021. The Fund's distribution policy allows for adjustments each quarter based on the Board's review of net asset value and market conditions. The current distribution may include capital gains and may impact shareholders' tax liabilities. Approximately 4% of the 2021 distributions will be from net investment income, with the remaining 96% from capital gains, subject to year-end finalization.
The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced a cash distribution of $0.16 per share, payable on March 24, 2021, to shareholders of record by March 17, 2021. The Board of Trustees will determine quarterly distributions, which may include additional income and capital gains. In 2021, approximately 6% of this distribution is from net investment income, and 94% from net capital gains. Uninvested earnings may lead to a return of capital, reducing shareholders' cost basis. Shareholders will receive tax-related notifications in early 2022.