The Board of Trustees of The Gabelli Global Gold, Natural Resources & Income Trust (Amex:GGN)
declared monthly cash distributions of $0.14 per share for April, May and June 2006.
The distribution for April 2006 will be payable on April 24, 2006 to shareholders of record
on April 13, 2006.
The distribution for May 2006 will be payable on May 24, 2006 to shareholders of record on
May 16, 2006.
The distribution for June 2006 will be payable on June 26, 2006 to shareholders of record on
June 16, 2006.
The Trust intends to make regular monthly cash distributions of all or a portion of its
investment company taxable income (which includes ordinary income and realized short-term
capital gains) to common shareholders. The Trust also intends to make annual distributions
of its net realized long-term capital gains. Various factors will affect the level of the
Trust's income, such as its asset mix, and use of covered call strategies. To permit the
Trust to maintain more stable monthly distributions, the Trust may from time to time distribute
more or less than the entire amount of income earned in a particular period. Because the
Trust's distribution policy is subject to modification by the Board of Trustees at any time
and the Trust's income will fluctuate, there can be no assurance that the Trust will pay
distributions at a particular rate. Each quarter, the Board of Trustees will review the
amount of any potential distribution and the income, capital gain or paid-in capital available.
As of February 15, 2006, the date of this press release, the current distribution would include
approximately 100% from net capital gains. The estimated components of each distribution are
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 2006 will be made after year-end. All shareholders with taxable accounts will receive
written notification regarding the components and tax treatment for all 2006 distributions
in early 2007 via Form 1099-DIV.
The Gabelli Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end
management investment company with $392 million in total assets whose primary investment
objective is to provide a high level of current income. The Trust invests primarily in equity
securities of gold and natural resources companies and intends to earn income primarily through
a strategy of writing (selling) covered call options on equity securities in its portfolio.
The Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL),
which is a publicly traded NYSE listed company.