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 July, August and September 2006.
The distribution for July 2006 will be payable on July 25, 2006 to shareholders of record on
July 17, 2006.
The distribution for August 2006 will be payable on August 25, 2006 to shareholders of record
on August 17, 2006.
The distribution for September 2006 will be payable on September 25, 2006 to shareholders of
record on September 15, 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 May 17, 2006, the date of this press release, the current distribution would include
approximately 6% from net investment income, 75% from net capital gains and 19% from paid-in
capital. 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 $414 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.