Form 4: Mario J. Gabelli Surrenders 280,000 Preferred Shares in GAMCO Natural Resources, Gold & Income Trust

Mario J. Gabelli, a Director and 10% Owner of GAMCO Natural Resources, Gold & Income Trust, has surrendered 280,000 Series B Cumulative Preferred Shares directly held, while maintaining significant indirect beneficial ownership through affiliated entities.

Summary

• Mario J. Gabelli, a Director and 10% Owner of GAMCO Natural Resources, Gold & Income Trust (GNT.B), surrendered 280,000 Series B Cumulative Preferred Shares.
• The transaction occurred on June 26, 2025, with the shares surrendered at a price of $10 per share.
• This surrender was executed in accordance with a Right to Put to the Fund up to 100% of Outstanding Series B Cumulative Preferred Shares.
• Following this direct disposition, Mr. Gabelli's direct beneficial ownership of Series B Cumulative Preferred Shares is 0.
• Mr. Gabelli continues to indirectly beneficially own 190,000 Series B Cumulative Preferred Shares through Associated Capital Group, Inc. (ACG), where he serves as Executive Chair and controlling shareholder.
• An additional 250,000 Series B Cumulative Preferred Shares are indirectly beneficially owned through GAMCO Investors, Inc. (GAMCO), where Mr. Gabelli is Chairman, Chief Executive Officer, controlling shareholder, and Chief Investment Officer of Value Portfolios of Gabelli Funds, LLC.
• Mr. Gabelli disclaims beneficial ownership of shares held by ACG and GAMCO in excess of his indirect pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral. This is a factual report of an insider transaction (surrender of preferred shares) and changes in beneficial ownership. It does not inherently convey positive or negative sentiment about the company's performance or prospects.

Related Party Transactions

• The transaction involves Mario J. Gabelli, a control person, and shares held indirectly through entities he controls (Associated Capital Group, Inc. and GAMCO Investors, Inc.), which are considered related parties.

Stakeholder Impact

• Shareholders: The surrender of preferred shares by a significant insider could be interpreted in various ways, but without further context on the fund's capital structure or financial position, the direct impact on common shareholders is unclear. It represents the fund buying back preferred shares, which could affect its cash position or reduce future dividend obligations on those specific shares.

Key Dates

Keywords

Mario J. Gabelli, GAMCO Natural Resources Gold & Income Trust, GNT.B, SEC Form 4, Beneficial Ownership, Series B Cumulative Preferred Shares, Insider Transaction, Preferred Stock, GAMCO Investors Inc, Associated Capital Group Inc