Gabelli Global Small and Mid Cap Value Trust Declares First Quarter Distribution of $0.21 Per Share Reaffirms Annualized Distribution of $0.84 Per Share

Distribution Announcement - The Gabelli Global Small and Mid Cap Value Trust declared a cash distribution of $0.21 per share, payable on March 24, 2026, which is a 31% increase from the previous distribution of $0.16 per share, raising the annualized distribution rate to $0.84 from $0.64 per share [1] Distribution Policy - The Fund intends to pay quarterly distributions determined by the Board of Trustees, with the possibility of an additional adjusting distribution in December based on excess income and net realized capital gains [2] - The Board of Directors reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification at any time [3] Tax Implications - Portions of the distribution may be treated as long-term capital gain or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals in taxable accounts, with additional Medicare surcharges applicable for high-income individuals [4] - If the Fund's earnings do not cover the total distributions, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] Distribution Components - For 2026, the current distribution to common shareholders is estimated to include approximately 33% from net investment income and 67% from net capital gains, with final determinations made after year-end [6] Fund Overview - The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with total net assets of $181 million, primarily aiming for long-term capital growth by investing at least 80% of its assets in equity securities of small or medium-sized companies [7]