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 October, November, and December 2006.
The distribution for October 2006 will be payable on October 25, 2006 to shareholders of record
on October 17, 2006.
The distribution for November 2006 will be payable on November 24, 2006 to shareholders of
record on November 15, 2006.
The distribution for December 2006 will be payable on December 22, 2006 to shareholders of
record on December 14, 2006.
The Fund 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 Fund also intends to make annual distributions of its net realized
long-term capital gains. Various factors will affect the level of the Fund's income, such as
its asset mix, and use of covered call strategies. To permit the Fund to maintain more stable
monthly distributions, the Fund may from time to time distribute more or less than the entire
amount of income earned in a particular period. Because the Fund's distribution policy is
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. Each quarter,
the Board of Trustees will review the amount of any potential distribution based on the income,
capital gain, or paid-in capital available.
Long-term capital gains, qualified dividend income, ordinary income, and paid-in capital, if any,
will be allocated on a pro-rata basis to all distributions to common shareholders for the year.
As of August 17, 2006, the date of this press release, each of the distributions paid in 2006
would include approximately 5% from net investment income, 94% from net capital gains, and 1%
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 $410 million in total 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) covered call options on equity securities in its portfolio. The Fund is managed
by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly
traded NYSE listed company.