440,000 GNT Series B preferred shares redeemed from Gabelli entities (GNT)

Rhea-AI Filing Summary

GAMCO Natural Resources, Gold & Income Trust reported that entities associated with Mario J. Gabelli had their Series B Cumulative Preferred Shares mandatorily redeemed on March 20, 2026. Associated Capital Group, Inc. held 190,000 shares and GAMCO Investors, Inc. held 250,000 shares, each redeemed at $10.00 per share.

After the redemption, each reporting line item shows 0 shares of this preferred series remaining. The shares were held indirectly through Associated Capital Group and GAMCO, and Mr. Gabelli disclaims beneficial ownership beyond his indirect pecuniary interest in those entities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GABELLI MARIO J

(Last) (First) (Middle)

C/O GAMCO INVESTORS, INC.

ONE CORPORATE CENTER

(Street)

RYE NEW YORK 10580

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GAMCO Natural Resources, Gold & Income Trust [ GNT.B ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
			Control Person of Adviser

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Series B Cumulative Preferred Shares	03/20/2026		J(1)		190,000	D	$10	0	I	Associated Capital Group, Inc.(2)
Series B Cumulative Preferred Shares	03/20/2026		J(1)		250,000	D	$10	0	I	GAMCO Investors, Inc.(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares were redeemed in accordance with a mandatory redemption of the Series B Preferred Shares on March 20, 2026.

2. The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chair and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

3. The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, controlling shareholder of GAMCO and Chief Investment Officer of Value Portfolios of Gabelli Funds, LLC (the Adviser). Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

	Douglas R. Jamieson as Attorney-in-Fact for Mario J. Gabelli	03/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did the latest Form 4 report for GNT?

The Form 4 reports a mandatory redemption of Series B Cumulative Preferred Shares on March 20, 2026. A total of 440,000 shares held through Associated Capital Group and GAMCO Investors were redeemed at $10.00 per share, leaving no remaining holdings of this preferred series.

Which securities were affected in the GAMCO Natural Resources (GNT) filing?

The activity involved Series B Cumulative Preferred Shares of GAMCO Natural Resources, Gold & Income Trust. These preferred shares were subject to a mandatory redemption on March 20, 2026, at $10.00 per share, eliminating the reported positions in this series for the related entities.

How many GNT Series B Preferred Shares were redeemed and at what price?

A total of 440,000 Series B Cumulative Preferred Shares were redeemed at $10.00 per share. This included 190,000 shares held by Associated Capital Group, Inc. and 250,000 shares held by GAMCO Investors, Inc., all redeemed pursuant to a mandatory redemption on March 20, 2026.

Did Mario J. Gabelli hold the GNT preferred shares directly?

The shares were held indirectly through Associated Capital Group, Inc. and GAMCO Investors, Inc., not directly by Mario J. Gabelli. He is a controlling shareholder of both entities and specifically disclaims beneficial ownership of shares beyond his indirect pecuniary interest in those entities.

What does the Form 4 say about Mario Gabelli’s ownership in Associated Capital Group?

The filing states Associated Capital Group, Inc. owned the reported shares and Mario J. Gabelli is its Executive Chair and controlling shareholder. He has less than a 100% interest in ACG and disclaims beneficial ownership of any ACG-held shares exceeding his indirect pecuniary interest.

What ownership details are disclosed about GAMCO Investors in the GNT filing?

The filing notes that GAMCO Investors, Inc. owned part of the redeemed shares. Mario J. Gabelli is GAMCO’s Chairman, CEO, controlling shareholder, and Chief Investment Officer of Value Portfolios of Gabelli Funds, LLC, and he disclaims beneficial ownership beyond his indirect pecuniary interest in GAMCO-held shares.