GAMCO Global Gold, Natural Resources & Income Trust

GGN

Market cap $833M

GAMCO Global Gold, Natural Resources & Income Trust targets high current income with secondary capital appreciation, focusing on metals, mining, and energy sectors. GGN maintains a low leverage ratio near 8%, a 1.31% expense ratio, and an 'A2' Moody's credit rating, reflecting portfolio liquidity and prudent risk. The fund's 5-year annualized NAV return is approximately 15%, with a 6.96% TTM dividend yield and a history of consistent payouts.

RYE, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of January, February, and March 2026. Based on current dynamics, the Fund may make distributions in excess of the Fund's distributable earnings. It is currently expected that distributions to common shareholders in 2025 will primarily constitute a return of capital for tax purposes.

This month's top 10 closed-end funds offer an average yield of 9.25% and strong long-term performance across diverse asset classes. For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone.

GAMCO Global Gold, Natural Resources & Income Trust Series B Preferred Shares offer a 6% current yield and remain a 'Buy'. GGN.PR.B are perpetual preferred shares, primarily driven by interest rates rather than gold prices or fund performance. Preferred shares show low volatility and potential capital gains if long-term rates decline, with limited downside unless severe fund drawdowns occur.

GAMCO Global Gold, Natural Resources & Income Trust is downgraded to 'hold' after a strong 16.7% total return since the last review. Gold prices have gone parabolic and are now extremely overbought, suggesting a likely period of consolidation or short-term correction. GGN, a buy-write CEF focused on gold miners, has seen significant NAV accretion but is not trading at a premium to NAV.

For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight the ten best CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select 10 CEFs every month from around 500 closed-end funds.

GAMCO Global Gold, Natural Resources & Income Trust is rated a hold, benefiting from precious metals strength but facing energy sector risks. GGN's portfolio is 55% precious metals and 32% energy, with covered call strategies supporting its $0.03 monthly dividend. Rising gold prices boost GGN's NAV, but energy holdings may suffer from potential crude oil price declines into the winter.

When DoubleLine CIO Jeffrey Gundlach speaks, we yield hounds listen.

RYE, N.Y., Aug. 21, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of GAMCO Global Gold, Natural Resources & Income Trust (NYSE American:GGN) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.03 per share for each of October, November, and December 2025. Based on current dynamics, the Fund may make distributions in excess of the Fund's distributable earnings. It is currently expected that distributions to common shareholders in 2025 will primarily constitute a return of capital for tax purposes.

Shifting focus from overvalued common stocks to quality preferred stocks for better risk-return balance and unrealized return potential. GGN's preferred stock stands out with a strong A2 Moody's credit rating, 6.05% current yield, and stable cumulative distributions. GGN's portfolio is heavily weighted in metals, mining, and energy sectors, offering diversification and exposure to resilient industries.