GAMCO Global Gold, Natural Resources & Income Trust (GGN)

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.

I discuss the keys to building a successful high-yield dividend growth portfolio. I share the key sectors to include. I also share some of the best funds and individual stocks for building a portfolio that yields over 7% and generates inflation-beating dividend growth.

Gold prices have taken a breather—and we're getting a rare opportunity to snag two shimmering dividend plays paying up to 8.3%.

GGN.PR.B preferred shares offer a high 6.1% yield, backed by the fund's stable NAV and strong asset coverage from miners and energy equities. These perpetual preferreds act as a permanent form of capital, with high duration and significant sensitivity to interest rate movements. We see GGN.PR.B as a compelling rates play, with the potential for a +20% upside if rates fall, but -10% downside if 10-year yields rise 100 bps.

As I'm sure you have heard, Moody's downgraded US debt last weekend.

RYE, N.Y., May 14, 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 July, August, and September 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.

GAMCO Global Gold, Natural Resources & Income Trust is highly volatile, driven by bullish gold prices and weak oil prices. The fund's value is influenced by gold and crude oil prices, with current trends favoring gold due to geopolitical uncertainty and central bank actions. Major financial institutions predict gold prices to rise significantly, while crude oil prices are expected to remain low due to recession fears and OPEC actions.

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 500closed-end funds.

RYE, N.Y., Feb. 13, 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 April, May, and June 2025. Based on current dynamics, the Fund may make distributions in excess of the Fund's earnings. It is currently expected that distributions to common shareholders in 2025 will primarily constitute a return of capital for tax purposes.

The inverted earnings yield curve suggests avoiding equity and favoring fixed income, particularly closed-end fund preferred stocks like GGN-B. GGN-B offers a 5.96% yield with an A2 credit rating from Moody's, making it one of the safest preferred stocks available. GGN's diversified portfolio focuses on gold and natural resources, with a strategy that includes writing covered call options for income.