Investment Trusts

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BIT: Revisiting This Former Holding
Seeking Alpha· 2025-07-27 03:14
Group 1 - The BlackRock Multi-Sector Income Trust (NYSE: BIT) has not been covered for almost a year, previously being a holding of the company [1] - The fund successfully navigated 2022 by utilizing interest rate hedges [1] - Binary Tree Analytics (BTA) focuses on providing transparency and analytics in capital markets, particularly in CEFs, ETFs, and Special Situations [1] Group 2 - BTA aims to deliver high annualized returns with a low volatility profile [1] - The company has over 20 years of investment experience and has a background in investment banking cash and derivatives trading [1]
Alaris Equity Partners Income Trust Declares Q2 Distribution
Globenewswire· 2025-06-18 18:26
Group 1 - Alaris Equity Partners Income Trust has declared a trust distribution of $0.34 per trust unit for Q2 2025, which annualizes to $1.36 per unit [1] - The distribution is scheduled to be paid on July 15, 2025, to unitholders of record on June 30, 2025 [1] Group 2 - Alaris invests in a diversified group of private businesses primarily through structured equity, aiming to deliver stable and predictable returns to unitholders [2] - The strategy includes common equity positions to align returns with the founders of Private Company Partners [2]
Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 per Share
Globenewswire· 2025-05-14 17:28
RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of July, August, and September 2025. Distribution Month Record Date Payable Date Distribution Per Share July July 17, 2025 July 24, 2025 $0.10 August August 15, 2025 August 22, 2025 $0.10 September Septem ...
Gabelli Dividend & Income Trust Continues Monthly Distributions, Declares Distributions of $0.14 per Share
Globenewswire· 2025-05-14 16:44
RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.14 per share for each of July, August, and September 2025. The Board of Trustees increased the annual distribution 27% to $1.68 per share, which will be paid $0.14 per share monthly, commencing with the January 2025 monthly distribution. Dist ...
GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT) Announces Consideration of Tax Benefits Preservation Plan
Globenewswire· 2025-04-29 20:00
Core Viewpoint - GAMCO Natural Resources, Gold & Income Trust is exploring a tax benefit preservation plan to protect its capital loss carryforwards, which currently exceed $74 million, from potential impairment due to ownership changes [1][2][3]. Group 1: Tax Benefit Preservation Plan - The proposed plan aims to mitigate the risk of substantial impairment to the Fund's capital loss carryforwards (CLCFs) that could arise from an "ownership change" as defined by Section 382 of the Internal Revenue Code [3]. - An "ownership change" occurs if the Fund's "5% stockholders" increase their ownership by more than 50 percentage points over a rolling three-year period, which would limit the Fund's ability to utilize its CLCFs [3]. - The plan would discourage shareholders from accumulating beneficial ownership of 4.9% or more without Board approval, thereby protecting the Fund's tax benefits [4]. Group 2: Implementation Details - If adopted, the Fund would implement the tax benefit preservation plan by issuing rights to common shareholders, which would become exercisable if certain ownership thresholds are exceeded [5]. - The final terms of the plan will be determined by the Board and announced publicly upon adoption, although there is no guarantee that the plan will be adopted or effective in preventing an ownership change [6]. Group 3: Fund Overview - GAMCO Natural Resources, Gold & Income Trust is a diversified, closed-end management investment company with total net assets of $146 million, primarily investing in equity securities of gold and natural resources companies [9]. - The Fund's primary investment objective is to provide a high level of current income, primarily through writing covered call options on its portfolio securities [9].
Gabelli Global Utility & Income Trust Announces Additional Put Dates for Series B Preferred Shares
Globenewswire· 2025-04-28 20:00
Core Points - The Gabelli Global Utility & Income Trust has approved additional put dates for Series B Preferred shareholders, with an annual dividend rate of 5.20% [1][2] - Shareholders can put their shares to the Fund during specified 60-day periods until June 26, 2027, after which the shares will become perpetual [2] - The Series B Preferred Shares were issued at $50.00 per share on December 19, 2018, and are callable at the same liquidation value plus accrued dividends [2][3] Company Overview - The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company with total net assets of $122 million, focusing on after-tax total return and tax-advantaged dividend income [4] - The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. [4]