GAMCO Natural Resources, Gold & Income Trust Declares Monthly Distributions of $0.06 per Share Reaffirms Annualized Distribution of $0.72 per Share

Rhea-AI Summary

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) declared monthly cash distributions of $0.06 per share for April, May, and June 2026 and increased its annualized distribution 20% to $0.72 per share, paid monthly and commencing with the January 2026 distribution.

The Fund said 2026 distributions are expected to primarily constitute a return of capital; record and payable dates for April–June 2026 are listed.

Positive

• Annual distribution increased 20% to $0.72 per share
• Monthly cash distributions declared at $0.06 for Apr, May, Jun 2026
• Predictable payout schedule with specified record and payable dates

Negative

• Distributions are expected to be primarily a return of capital in 2026
• Fund may pay distributions in excess of earnings
• No assurance distributions will continue at any particular rate or frequency
• Covered call strategy limits upside and carries option-market risks

Key Figures

Monthly distribution: $0.06 per share Annual distribution: $0.72 per share Distribution increase: 20% +5 more

8 metrics

Monthly distribution $0.06 per share Declared for April, May, June 2026

Annual distribution $0.72 per share Reaffirmed annualized rate for 2026

Distribution increase 20% Increase in annual distribution to $0.72 per share

April 2026 record date April 16, 2026 Record date for $0.06 distribution

April 2026 payable date April 23, 2026 Payable date for $0.06 distribution

May 2026 record date May 14, 2026 Record date for $0.06 distribution

June 2026 record date June 15, 2026 Record date for $0.06 distribution

NAV risk note NAV per share fluctuates Reflects portfolio market value changes

Market Reality Check

Price: $8.58 Vol: Volume 65,503 is below th...

low vol

$8.58 Last Close

Volume Volume 65,503 is below the 20-day average of 120,323, suggesting limited pre-news positioning. low

Technical Price $8.58 is trading above the 200-day MA of $6.91, indicating a pre-existing upward trend.

Peers on Argus

GNT was up 1.67% with mixed moves among asset management peers: ERH (+0.58%), BC...

GNT was up 1.67% with mixed moves among asset management peers: ERH (+0.58%), BCV (+0.08%), PCF (+0.16%) versus PDCC (-0.74%) and MCN (-0.32%), pointing to stock-specific factors rather than a broad sector move.

Historical Context

3 past events · Latest: Nov 12 (Positive)

Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Nov 12	Distribution increase	Positive	+1.4%	Raised annual distribution 20% to $0.72, with $0.06 monthly payouts.
Aug 27	Distribution declaration	Positive	+0.3%	Declared $0.05 monthly distributions for Q4 2025, lifting annual payout.
Aug 26	Distribution increase	Positive	+0.9%	Increased monthly cash distribution 25% from $0.04 to $0.05 per share.

Pattern Detected

Recent distribution increase announcements have coincided with modest positive price reactions, suggesting investors have historically viewed payout changes constructively.

Recent Company History

Over the past year, GNT has repeatedly focused on its distribution policy. In August 2025, the Fund announced a 25% increase in its monthly distribution to $0.05, lifting the annual rate to $0.60 per share. Later, on November 12, 2025, it increased the annual distribution by 20% to $0.72, payable as $0.06 monthly from January 2026, alongside citing strong NAV total returns. Those prior actions set the backdrop for today’s reaffirmation of the $0.06 monthly distribution into mid-2026 and continued emphasis on return-of-capital tax characterization.

Market Pulse Summary

This announcement reiterates GNT’s income focus, with confirmed $0.06 monthly distributions and a $0...

Analysis

This announcement reiterates GNT’s income focus, with confirmed $0.06 monthly distributions and a $0.72 annualized rate through mid-2026, while signaling that payments may exceed earnings and are expected to be largely return of capital. Investors may track how NAV behaves versus this payout level and monitor ongoing disclosures about distribution composition, option-related gains, and the Board’s quarterly reviews of income, realized gains, and capital availability.

Key Terms

return of capital, capital loss carryforwards, option premiums, covered call, +1 more

5 terms

return of capital financial

"will primarily constitute a return of capital for tax purposes."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

capital loss carryforwards financial

"There are no capital loss carryforwards for book purposes."

Capital loss carryforwards are past investment losses that a company or investor is allowed by tax rules to apply against future capital gains, effectively reducing future tax bills. Think of them as a usable store credit for losses: when profits appear later, those credits can offset taxable gains and improve after‑tax returns, which investors watch because they can increase cash flow and the value of future earnings.

option premiums technical

"short term gains generated from option premiums that will not be taxable"

Option premiums are the price paid to buy a call or put option — think of it as the cost of an insurance policy or a lottery ticket that gives you the right to buy or sell a stock at a set price. The premium matters to investors because it is the upfront cost that determines potential profit or loss, and it reflects market views on how likely the option will become valuable (influenced by the stock’s price, time until expiry, and expected volatility).

covered call technical

"Covered Call and Other Option Transaction Risks."

A covered call is an income strategy where an investor who already owns shares sells the right for someone else to buy those shares at a set price within a set time. Think of it like renting out a house: you collect steady rent (the option premium) but agree to sell if a buyer pays the agreed price, so you trade some upside potential for immediate income and a small cushion against modest drops in the stock.

Form 1099-DIV regulatory

"tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV."

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

AI-generated analysis. Not financial advice.

RYE, N.Y., Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.06 per share for each of April, May, and June 2026. Based on current dynamics, the Fund may make distributions in excess of the Fund’s earnings. It is currently expected that distributions to common shareholders in 2026 will primarily constitute a return of capital for tax purposes.

The Board of Trustees increased the annual distribution 20% to $0.72 per share, which will be paid $0.06 per share monthly, commencing with the January 2026 monthly distribution.

Distribution Month	Record Date	Payable Date	Distribution Per Share
April	April 16, 2026	April 23, 2026	$0.06
May	May 14, 2026	May 21, 2026	$0.06
June	June 15, 2026	June 23, 2026	$0.06

Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.

Because the Fund’s current monthly distributions are subject to modification by the Board of Trustees at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution.

Short-term capital gains, qualified dividend income, ordinary income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. There are no capital loss carryforwards for book purposes. Therefore the Fund, on a book basis, may be distributing short term gains generated from option premiums that will not be taxable in 2026 because of the capital loss carryforwards available on a tax basis. 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 monthly 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:

David Schachter
(914) 921-5057

The Fund’s NAV per share will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic, and business risks that cause their prices to fluctuate. Investors acquire shares of the Fund on a securities exchange at market value, which fluctuates according to the dynamics of supply and demand. When Fund shares are sold, they may be worth more or less than their original cost. Consequently, you can lose money by investing in the Fund.

Covered Call and Other Option Transaction Risks. There are several risks associated with writing covered calls and entering into other types of option transactions. For example, there are significant differences between the securities and options markets that could result in an imperfect correlation between these markets, resulting in a given transaction not achieving its objectives. In addition, a decision as to whether, when, and how to use covered call options involves the exercise of skill and judgment, and even a well-conceived transaction may be unsuccessful because of market behavior or unexpected events. As the writer of a covered call option, the Fund forgoes, during the option’s life, the opportunity to profit from increases in the market value of the security covering the call option above the exercise price of the call option, but has retained the risk of loss should the price of the underlying security decline.

About The GAMCO Natural Resources, Gold & Income Trust
The GAMCO Natural Resources, Gold & Income Trust is a diversified, closed-end management investment company with $176 million in total net assets whose primary investment objective is to provide a high level of current income. The Fund invests primarily in equity securities of gold and natural resources companies and intends to earn income primarily through a strategy of writing (selling) primarily covered call options on equity securities in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE – GNT
CUSIP – 36465E101

Investor Relations Contact:
David Schachter
(914) 921-5057
dschachter@gabelli.com

FAQ

What monthly distributions did GAMCO Natural Resources (GNT) declare for April–June 2026?

The Fund declared $0.06 per share monthly for April, May, and June 2026. According to the company, record and payable dates are April 16/23, May 14/21, and June 15/23, 2026 respectively.

How much is GAMCO Natural Resources (GNT)’s annualized distribution for 2026?

The Board increased the annual distribution to $0.72 per share, a 20% rise. According to the company, this will be paid monthly at $0.06 beginning with January 2026.

Will GAMCO Natural Resources (GNT) distributions be taxed as return of capital in 2026?

Distributions are currently expected to primarily constitute a return of capital for tax purposes in 2026. According to the company, final tax components will be reported on Form 1099-DIV in early 2027.

Do GAMCO Natural Resources (GNT) distributions reflect the Fund’s earnings?

Not necessarily; distributions may exceed earnings and should not be treated as yield. According to the company, distribution sources will be finalized after year-end and may differ from monthly estimates.

How might the Fund’s covered call strategy affect GNT shareholders?

Writing covered calls can limit upside while generating option premium income. According to the company, this strategy may reduce gains if underlying securities rise but retains downside market risk for shareholders.

When will shareholders receive tax information for GAMCO Natural Resources (GNT) 2026 distributions?

Shareholders with taxable accounts will receive written notification via Form 1099-DIV in early 2027. According to the company, this will specify distribution components and tax treatment for 2026.