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

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.

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.

The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) announced a cash distribution of $0.16 per share, payable on December 18, 2020, to shareholders of record on December 11, 2020. The Fund's Board of Trustees reviews quarterly distribution amounts and may adjust them based on fund performance. If earnings do not cover total distributions, excess payments may be regarded as a return of capital. In 2020, distributions to shareholders were deemed 100% from paid-in capital. Tax implications depend on individual circumstances.