Distribution Announcement - The Gabelli Global Small and Mid Cap Value Trust declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] Distribution Policy - The Fund intends to pay quarterly distributions determined by the Board of Trustees, with potential additional adjusting distributions 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 [3] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4] Return of Capital - If the Fund's earnings do not meet the aggregate distributions, the excess amount distributed will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] Distribution Components - In 2025, distributions to common shareholders are estimated to include approximately 10% from net investment income, 23% from net capital gains, and 67% as a return of capital [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 $144 million, primarily investing at least 80% of its assets in equity securities of small or medium-sized companies [7]