This additional $0.18 per share payment will enable the Trust to distribute sufficient investment company taxable income for 2005 to avoid the imposition of Federal income and excise tax on undistributed investment company taxable income.

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.

Based on earnings to date, the distribution would include approximately 8% from net investment income and 92% 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 $393 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.