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 December 2005 and January,
February and March 2006.
The distribution for December 2005 will be payable on December 23, 2005 to shareholders of
record on December 15, 2005.
The distribution for January 2006 will be payable on January 25, 2006 to shareholders of
record on January 17, 2006.
The distribution for February 2006 will be payable on February 22, 2006 to shareholders of
record on February 13, 2006.
The distribution for March 2006 will be payable on March 27, 2006 to shareholders of record
on March 17, 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
Based on earnings to date, the distribution would include approximately 6% from net investment
income and 94% from capital gains. The final determination of the source of all distributions
in 2005 will be made after year-end. All shareholders with taxable accounts will receive
written notification regarding the components and tax treatment for all 2005 distributions
in early 2006 via Form 1099-DIV.
The Gabelli Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end
management investment company with $379 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.