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]

Core Points - Purpose Investments Inc. announced distributions for December 2025 for its open-end and closed-end funds, with ex-distribution dates set for December 29 and December 31, 2025 respectively [1] Open-End Funds - The following are the distributions per share/unit for various open-end funds: - Apple (AAPL) Yield Shares Purpose ETF: $0.1667 [2] - Purpose Couche-Tard (ATD) Yield Shares ETF: $0.0650 [2] - Purpose Canadian Financial Income Fund: $0.1225 [2] - Purpose Global Bond Fund: $0.0866 [2] - Purpose Bitcoin Yield ETF: $0.0850 [2] - Purpose Canadian Natural Resources Yield Shares ETF: $0.1400 [2] - Purpose Microsoft Yield Shares Purpose ETF: $0.1750 [2] Closed-End Funds - The following are the distributions per share/unit for closed-end funds: - Big Banc Split Corp, Class A: $0.1200 [4] - Big Banc Split Corp - Preferred Shares: $0.0700 [4] Cash Management Funds - Estimated distributions for cash management funds are as follows: - Purpose USD Cash Management Fund: US $0.3753 [5] - Purpose Cash Management Fund: $0.2449 [5] - Purpose High Interest Savings Fund: $0.1033 [5] - Purpose US Cash Fund: US $0.3466 [5] Company Overview - Purpose Investments manages over $30 billion in assets and focuses on client-centric innovation, offering a range of managed and quantitative investment products [7]

Distribution Announcement - Neuberger Berman Municipal Fund Inc. has declared a distribution of $0.05417 per share of common stock, payable on December 15, 2025, with a record date of November 28, 2025, and an ex-date of November 28, 2025 [1] - The Fund aims to provide income that is exempt from regular federal income tax, although distributions may be subject to federal alternative minimum tax for some stockholders [1] Distribution Composition - Future distributions may consist of net investment income, realized capital gains, and return of capital [2] - If the Fund distributes more than its net investment income in any yearly period, such distributions may include realized gains and/or a return of capital, which could lead to a decline in NAV per share and a reduction in an investor's cost basis [2] - A notice will be provided for any distribution that does not consist solely of net investment income, detailing the estimated portions of the distribution [2] Company Overview - Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939, managing $558 billion across various asset classes for global institutions, advisors, and individuals [3] - The firm employs over 2,900 staff in 26 countries and emphasizes active management, fundamental research, and engaged ownership in its investment philosophy [3] - Neuberger Berman has been recognized as the 1 Best Place to Work in Money Management by Pensions & Investments for eleven consecutive years [3]

Core Viewpoint - The GAMCO Natural Resources, Gold & Income Trust has approved a continuation of its monthly cash distribution policy, declaring $0.05 per share for October, November, and December 2025, with expectations that distributions may exceed earnings and primarily constitute a return of capital for tax purposes [1][2]. Distribution Policy - The Board of Trustees has increased the annual distribution by 25% to $0.60 per share, which will be distributed at $0.05 per share monthly starting in October 2025 [2]. - The distribution schedule is as follows: - October: Record Date - October 17, 2025; Payable Date - October 24, 2025; Distribution - $0.05 - November: Record Date - November 13, 2025; Payable Date - November 20, 2025; Distribution - $0.05 - December: Record Date - December 12, 2025; Payable Date - December 19, 2025; Distribution - $0.05 [3]. Financial Monitoring - The Board of Trustees will review potential distributions quarterly based on income, realized capital gains, and available capital, while considering the Fund's net asset value and market conditions [3]. - The distribution rate should not be interpreted as the dividend yield or total return on investment [3]. Tax Considerations - Distributions will include short-term capital gains, qualified dividend income, ordinary income, and return of capital, allocated on a pro-rata basis [5]. - The final determination of distribution sources will be made after year-end, and shareholders will receive notifications regarding tax treatment in early 2026 via Form 1099-DIV [5]. Fund Overview - The GAMCO Natural Resources, Gold & Income Trust is a diversified, closed-end management investment company with total net assets of $148 million, primarily investing in equity securities of gold and natural resources companies [9]. - The Fund aims to provide a high level of current income through a strategy of writing covered call options on its equity securities [9].

Core Points - The Gabelli Healthcare & Wellness Trust declared a cash distribution of $0.17 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] - The Fund plans to pay quarterly distributions determined by the Board of Trustees, with an additional adjusting distribution in December based on excess income and net realized capital gains [2] - The Board of Trustees reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification or termination [3] Distribution Details - 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 [4] - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] - In 2025, distributions to common shareholders are estimated to consist of approximately 6% from net investment income, 74% from net capital gains, and 20% as a return of capital [6] Fund Overview - The Gabelli Healthcare & Wellness Trust is a diversified, closed-end management investment company with total net assets of $197 million, focusing on long-term capital growth [7]

Core Viewpoint - Thornburg Income Builder Opportunities Trust announced a monthly distribution of $0.10417 per share, payable on August 20, 2025, with a record date of August 11, 2025, indicating stability in its distribution policy [1][2]. Distribution Details - The current monthly distribution of $0.10417 per share remains unchanged from the previous declaration [1]. - The cumulative distributions for the fiscal year to date (FYTD) amount to $1.14587 per share, with net investment income contributing $0.94248 (82%) and net realized short-term capital gains contributing $0.13800 (12%) [2]. - The Trust's distribution includes a short-term capital gain and does not include a return of capital or long-term capital gain [1][2]. Investment Objective - The Trust aims to provide current income and additional total return by investing at least 80% of its managed assets in a diverse range of income-producing securities, including both equity and debt securities globally [3]. Tax Considerations - As a registered investment company, the Trust is subject to a 4% excise tax if it fails to distribute at least 98% of its ordinary income and 98.2% of its capital gains by the end of the calendar year [4]. - The specific tax characteristics of distributions will be reported to shareholders on Form 1099 after the end of the 2025 calendar year [1]. Company Overview - Thornburg Investment Management manages $49 billion in client assets as of June 30, 2025, and offers a variety of investment products including mutual funds, ETFs, and closed-end funds [6].

Group 1 - The Neuberger Berman Real Estate Securities Income Fund Inc. has declared a distribution of $0.0312 per share of common stock, payable on August 29, 2025, with a record and ex-date of August 15, 2025 [1] - The Fund anticipates making regular monthly distributions of $0.0312 per share, subject to market conditions, but there is no guarantee of maintaining this distribution rate [2][3] - Future distributions may consist of net investment income, net realized capital gains, and return of capital, with a notice provided for any distribution not solely consisting of net investment income [3] Group 2 - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [4] - The firm emphasizes active management, fundamental research, and engaged ownership, and has been recognized as one of the best places to work in money management for eleven consecutive years [4]