GAMCO Global Gold, Natural Resources & Income Trust
GGN
New York Stock Exchange American- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- GAMCO Global Gold, Natural Resources & Income Trust (GGN) is a closed-end equity mutual fund that seeks a high level of current income, with a secondary objective of capital appreciation, by investing at least 80% of its assets in equity securities of companies principally engaged in the gold and natural resources industries and writing covered call options on those securities. The fund targets stocks of firms involved in the exploration, mining, fabrication, processing, distribution, or trading of gold; gold-related financing, management, or operations; and the exploration, production, or distribution of natural resources including gas, oil, paper, food and agriculture, forestry products, metals, and minerals, as well as related transportation companies and equipment manufacturers. It benchmarks performance against the CBOE S&P 500 Buy/Write Index, Philadelphia Gold & Silver Index, Energy Select Sector Index, and Bloomberg Government/Credit Bond Index. Launched on January 4, 2005, by GAMCO Investors, Inc. and managed by Gabelli Funds, LLC, the trust is domiciled in the United States with headquarters at One Corporate Center, Rye, New York. The fund trades on the NYSE American exchange and maintains a global investment focus across public equity markets, with top holdings including Newmont Corp., Exxon Mobil Corp., Northern Star Resources Ltd., Kinross Gold Corp., and Chevron Corp. Portfolio managers Caesar M.P. Bryan and Vincent Hugonnard-Roche oversee operations, supported by a team of sector analysts. In recent developments, the trust announced monthly cash distributions of $0.03 per share for January, February, and March 2026, emphasizing a focus on capital return amid market volatility. Distribution composition adjusted in 2025, with return of capital reduced to 15% from 20% in late 2024, reflecting improved operational efficiency and a coverage ratio of 1.2x, though portions still rely on principal return. The fund reported strong performance through Q3 2025, with NAV total return of 29.83% over one year, driven by gold prices rising 47.1% year-to-date, alongside routine SEC filings including monthly portfolio reports and proxy materials in March and May 2025.