Gabelli Global Small & Mid Cap Value Trust — Director's Dealing 2014

Dec 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Gabelli Global Small & Mid Cap Value Trust (GGZ)
CIK: 0001585855
Period of Report: 2014-12-29

Reporting Person: GABELLI MARIO J (Director, Control Person of Adviser)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-29	Common Shares, Par Value $0.001	P	3197	$10.48	Acquired	10000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares, Par Value $0.001	53532.75	Direct
Common Shares, Par Value $0.001	52190	Indirect
Common Shares, Par Value $0.001	1000	Indirect

Footnotes

F1: The shares reported reflect the total shares owned by GGCP, Inc. (GGCP). Mario J. Gabelli is the Chief Executive Officer, a director, and the controlling shareholder of GGCP. Mr. Gabelli has less than a 100% interest in GGCP and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

F2: The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, controlling shareholder of GAMCO and Chief Investment Officer of Value Portfolios of Gabelli Funds, LLC (the Adviser). Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.

F3: The shares reported reflect the total shares owned by MJG IV Limited Partnership, a limited partnership for which Mr. Gabelli serves as a general partner. Mr. Gabelli has less than a 100% interest in the entity and disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest.