newsfilter
← Latest News
GlobeNewswire·

Gabelli Global Small and Mid Cap Value Trust Declares Fourth Quarter Distribution Of $0.21 Per Share

GGZ
  • The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) declared a $0.21 per share cash distribution.
  • The distribution is payable on December 18, 2026, to common shareholders of record on December 11, 2026.
  • The Fund intends to pay quarterly distributions determined by the Board, with potential adjusting distributions in December to meet Internal Revenue Code requirements.
  • The Board reviews potential distribution amounts quarterly based on income, realized capital gains, capital available, net asset value, and market conditions.
  • The distribution policy is subject to modification at any time with no guarantee of continuation.
  • Distributions may be treated as long-term capital gain or qualified dividend income subject to a 20% federal tax rate, plus a potential 3.8% Medicare surcharge for high-income shareholders.
  • Amounts distributed in excess of earnings are deemed a return of capital, reducing the shareholder's cost basis rather than being taxable.
  • Current estimates indicate 2026 distributions will consist of approximately 18% net investment income and 82% net capital gains, though final tax reporting is determined after year-end.
  • Tax component details for 2026 will be provided via Form 1099-DIV to individual shareholders in early 2027.
  • The Fund is a closed-end management investment company with $157 million in net assets investing at least 80% in small or medium-sized equity securities.
  • The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.
Company
The Gabelli Global Small and Mid Cap Value Trust
Keywords
NYSE:GGZ, The Gabelli Global Small and Mid Cap Value Trust