Closed-End Fund Video: Gamco Natural Resources, Gold & Income Trust's Return of Capital (ROC); A Bad Word For A Good Thing [Yahoo! Finance]
GAMCO Natural Resources, Gold & Income Trust (GNT)
US:NYSE Investor Relations:
gabelli.com/funds/products/-119.html
Company Research
Source: Yahoo! Finance
David Schachter explains that previous tax-loss carryforwards can benefit the Fund's distribution as being enhanced by a tax-free return of capital (ROC), citing Napoleon Hill's quote that 'every adversity, every failure, every heartache carries with it the seed on an equal or greater benefit'. The main topic of the video is the concept of Return of Capital (ROC) in Closed-End Funds, specifically in the context of the GAMCO Natural Resources, Gold & Income Trust, and why it might be a good thing despite being perceived as a bad word. The Fund invests primarily in equity securities of gold and natural resources companies and intends to earn income primarily through a strategy of writing (selling) primarily covered call options on equity securities in its portfolio. Its primary investment objective is to provide a high level of current income. The Fund has total net assets of $142 million and is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).
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