GAMCO Global Gold, Natural Resources & Income Trust

GGN

Market cap $810M

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.

GGN offers a compelling hedge in today's inflationary, potentially stagflationary environment via exposure to gold miners and energy equities. The fund employs a covered call strategy, generating an 8% distribution while capping upside, and maintains a stable NAV with modest leverage. GGN's performance has been robust post-Covid, benefiting from strong energy and gold prices, and is currently trading flat 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 five 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 just five CEFs every month from around 500 closed-end funds.

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