Health & Fitness
Health and Fitness
Health and Fitness
Wed, March 30, 2011Tue, March 29, 2011Mon, March 28, 2011Sun, March 27, 2011Fri, March 25, 2011Thu, March 24, 2011Wed, March 23, 2011Tue, March 22, 2011Mon, March 21, 2011Sun, March 20, 2011Fri, March 18, 2011Thu, March 17, 2011Wed, March 16, 2011Tue, March 15, 2011Mon, March 14, 2011Sun, March 13, 2011Sat, March 12, 2011Fri, March 11, 2011Thu, March 10, 2011Wed, March 9, 2011Gabelli Natural Resources, Gold & Income Trust Issues an Additional 2,008,811 Shares Pursuant to the Underwritersa? Overallotme
Published in Health and Fitness on Thursday, March 17th 2011 at 13:15 GMT by Market Wire
RYE, N.Y.--([ BUSINESS WIRE ])--The Gabelli Natural Resources, Gold & Income Trust (NYSE:GNT) (the aFunda) has issued 2,008,811 common shares in conjunction with the exercise of the underwritersa™ overallotment option. The issuance of these common shares generated gross proceeds of $40,176,220, based on the initial offering price of $20 per share.
The Funda™s initial public offering occurred on January 26, 2011 with the issuance of 18.5 million common shares. The initial public offering and the cumulative exercise of the underwritersa™ overallotment option resulted in the aggregate issuance of approximately 20.5 million common shares and gross proceeds of $410 million. The Funda™s common shares were offered through a group of underwriters led by Morgan Stanley, Citi, BofA Merrill Lynch, and Gabelli & Company, Inc. The Funda™s common shares began trading on January 27, 2011 under the ticker symbol aGNTa on the New York Stock Exchange. The Fund began investment operations on January 31, 2011.
All of the common shares issued in conjunction with the exercise of the underwritersa™ overallotment option will be entitled to receive the Funda™s initial distribution in April 2011. The Funda™s Board of Trustees declared a $0.14 per share initial cash distribution payable on April 21, 2011 to common shareholders of record on April 14, 2011.
The Gabelli Natural Resources, Gold & Income Trust is a non-diversified, closed-end management investment company whose primary investment objective is to provide a high level of current income from interest, dividends and option premiums. The Fund invests primarily in equity securities of natural resources and gold companies and intends to earn short-term gains from a strategy of writing (selling) primarily covered call options on equity securities in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.
