Regulatory Filings • Nov 30, 2009
Preview not available for this file type.
Download Source FileN-Q 1 p16292nvq.htm N-Q nvq PAGEBREAK
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-21698
The Gabelli Global Gold, Natural Resources & Income Trust
(Exact name of registrant as specified in charter)
One Corporate Center Rye, New York 10580-1422
(Address of principal executive offices) (Zip code)
Bruce N. Alpert Gabelli Funds, LLC One Corporate Center Rye, New York 10580-1422
(Name and address of agent for service)
Registrants telephone number, including area code: 1-800-422-3554
Date of fiscal year end: December 31
Date of reporting period: September 30, 2009
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
Folio /Folio
PAGEBREAK
link2 "Item 1. Schedule of Investments"
Item 1. Schedule of Investments.
The Schedule(s) of Investments is attached herewith.
The Gabelli Global Gold, Natural Resources & Income Trust
Third Quarter Report September 30, 2009
To Our Shareholders,
The Gabelli Global Gold, Natural Resources & Income Trusts (the Fund) net asset value (NAV) total return was 19.1% during the third quarter of 2009, compared with 8.2%, 4.2%, 12.9%, and 19.1% for the Chicago Board Options Exchange (CBOE) S&P 500 Buy/Write Index, the Barclays Capital Government/Corporate Bond Index, the Amex Energy Select Sector Index, and for the Philadelphia Gold & Silver Index, respectively.
Enclosed is the investment portfolio as of September 30, 2009.
Comparative Results
Average Annual Returns through September 30, 2009 (a)
| Year to | Inception | ||||||
| Quarter | Date | 1 Year | 3 Year | (03/31/05) | |||
| Gabelli Global Gold, Natural Resources & Income Trust | |||||||
| NAV Total Return (b) | 19.06 % | 60.30 % | (7.12 | )% | (3.02 | )% | 3.50 % |
| Investment Total Return (c) | 17.64 | 29.28 | (12.41 | ) | (3.11 | ) | 2.83 |
| CBOE S&P 500 Buy/Write Index | 8.18 | 16.52 | (8.15 | ) | (2.83 | ) | 0.93 |
| Philadelphia Gold & Silver Index | 19.14 | 34.11 | 27.18 | 9.81 | 14.59 | ||
| Amex Energy Select Sector Index | 12.92 | 14.72 | (13.70 | ) | 1.94 | 6.89 | |
| Barclays Capital Government/Corporate Bond Index | 4.16 | 4.74 | 11.46 | 6.25 | 5.45 |
| (a) | Returns represent past performance and do not guarantee future results. Investment returns and
the principal value of an investment will fluctuate. When shares are sold, they may be worth more
or less than their original cost. Current performance may be lower or higher than the performance
data presented. Visit www.gabelli.com for performance information as of the most recent month end.
Performance returns for periods of less than one year are not annualized. Investors should
carefully consider the investment objectives, risks, charges, and expenses of the Fund before
investing. The CBOE S&P 500 Buy/Write Index is an unmanaged benchmark index designed to reflect the
return on a portfolio that consists of a long position in the stocks in the S&P
500 Index and a short position in a S&P 500 (SPX) call option. The Philadelphia Gold & Silver
Index is an unmanaged indicator of stock market performance of large North American gold and
silver companies, while the Amex Energy Select Sector Index is an unmanaged indicator of stock
market performance of large U.S. companies involved in the development or production of energy
products. The Barclays Capital Government/Corporate Bond Index is an unmanaged market value
weighted index that tracks the total return performance of fixed rate, publicly placed, dollar
denominated obligations. Dividends and interest income are considered reinvested. You cannot
invest directly in an index. |
| --- | --- |
| (b) | Total returns and average annual returns reflect changes in the NAV per share and reinvestment
of distributions at NAV on the ex-dividend date and are net of expenses. Since inception return is
based on an initial NAV of $19.06. |
| (c) | Total returns and average annual returns reflect changes in closing market values on the NYSE
Amex and reinvestment of distributions. Since inception return is based on an initial offering
price of $20.00. |
We have separated the portfolio managers commentary from the financial statements and investment portfolio due to corporate governance regulations stipulated by the Sarbanes-Oxley Act of 2002. We have done this to ensure that the content of the portfolio managers commentary is unrestricted. The financial statements and investment portfolio are mailed separately from the commentary. Both the commentary and the financial statements, including the portfolio of investments, will be available on our website at www.gabelli.com.
Folio /Folio
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST SCHEDULE OF INVESTMENTS September 30, 2009 (Unaudited)
| Shares | Market — Value | |
|---|---|---|
| COMMON STOCKS 83.9% | ||
| Energy and Energy Services 34.1% | ||
| 27,500 | Apache Corp. | $ 2,525,325 |
| 63,000 | Baker Hughes Inc. (a) | 2,687,580 |
| 220,000 | BG Group plc | 3,821,837 |
| 358,000 | BJ Services Co. (a) | 6,955,940 |
| 106,000 | BP plc, ADR (a) | 5,642,380 |
| 130,500 | Chesapeake Energy Corp. (a) | 3,706,200 |
| 43,400 | Chevron Corp. (a) | 3,056,662 |
| 307,692 | Comanche Energy Inc. (b)(c)(d) | 0 |
| 100,000 | ConocoPhillips (a) | 4,516,000 |
| 143,000 | Devon Energy Corp. (a) | 9,628,190 |
| 40,000 | Diamond Offshore Drilling Inc. (a) | 3,820,800 |
| 450,000 | El Paso Corp. | 4,644,000 |
| 74,000 | Exxon Mobil Corp. (a) | 5,077,140 |
| 65,000 | Galp Energia SGPS SA, Cl. B | 1,124,298 |
| 259,000 | Halliburton Co. (a) | 7,024,080 |
| 234,000 | Heritage Oil plc | 1,837,685 |
| 161,200 | Imperial Oil Ltd. | 6,135,432 |
| 208,000 | Marathon Oil Corp. (a) | 6,635,200 |
| 119,000 | Murphy Oil Corp. (a) | 6,850,830 |
| 285,000 | Nabors Industries Ltd. (a) | 5,956,500 |
| 70,000 | Nexen Inc. | 1,579,900 |
| 198,000 | Noble Corp. (a) | 7,516,080 |
| 281,500 | Petroleo Brasileiro SA, ADR (a) | 12,920,850 |
| 233,000 | Rowan Companies Inc. (a) | 5,375,310 |
| 130,000 | Royal Dutch Shell plc, Cl. A | 3,705,411 |
| 117,500 | Saipem SpA | 3,538,618 |
| 91,700 | Sasol Ltd., ADR (a) | 3,495,604 |
| 88,400 | StatoilHydro ASA, ADR (a) | 1,992,536 |
| 269,000 | Suncor Energy Inc. (a) | 9,296,640 |
| 40,000 | Technip SA | 2,555,022 |
| 59,000 | Tesoro Corp. (a) | 883,820 |
| 200,800 | The Williams Companies Inc. (a) | 3,588,296 |
| 32,500 | Total SA, ADR | 1,925,950 |
| 88,500 | Transocean Ltd. (a) | 7,569,405 |
| 76,100 | Valero Energy Corp. (a) | 1,475,579 |
| 328,000 | Weatherford International Ltd. (a) | 6,799,440 |
| 194,000 | XTO Energy Inc. (a) | 8,016,080 |
| 173,880,620 | ||
| Metals and Mining 49.8% | ||
| 255,000 | Agnico-Eagle Mines Ltd. (a) | 17,301,750 |
| 154,000 | Anglo American plc | 4,905,101 |
| 46,250 | Anglo Platinum Ltd. | 4,106,596 |
| 308,000 | AngloGold Ashanti Ltd., ADR (a) | 12,554,080 |
| 330,300 | Barrick Gold Corp. (a) | 12,518,370 |
| 70,000 | BHP Billiton Ltd., ADR (a) | 4,620,700 |
| 130,000 | Compania de Minas Buenaventura SA, ADR | 4,577,300 |
| Shares | Market — Value | |
|---|---|---|
| 325,000 | Eldorado Gold Corp. | $ 3,691,216 |
| 175,000 | Equinox Minerals Ltd. | 565,544 |
| 60,000 | Franco-Nevada Corp. | 1,574,184 |
| 175,000 | Franco-Nevada Corp. (e) | 4,591,370 |
| 115,792 | Freeport-McMoRan Copper & Gold Inc. (a) | 7,944,489 |
| 538,500 | Fresnillo plc | 6,643,899 |
| 200,000 | Gold Fields Ltd. | 2,702,343 |
| 1,116,600 | Gold Fields Ltd., ADR (a) | 15,386,748 |
| 279,300 | Goldcorp Inc. (a) | 11,275,341 |
| 706,100 | Harmony Gold Mining Co. Ltd., ADR (a) | 7,724,734 |
| 969,700 | Hochschild Mining plc | 4,850,670 |
| 200,000 | IAMGOLD Corp. | 2,828,000 |
| 412,000 | Impala Platinum Holdings Ltd. | 9,597,977 |
| 216,140 | Ivanhoe Mines Ltd. (a) | 2,764,431 |
| 50,000 | Ivanhoe Mines Ltd. (c) | 639,500 |
| 88,000 | Kazakhmys plc | 1,510,452 |
| 552,900 | Kinross Gold Corp. (a) | 11,997,930 |
| 2,298,488 | Lihir Gold Ltd. | 5,677,633 |
| 250,600 | Lundin Mining Corp. (a) | 840,312 |
| 490,646 | Newcrest Mining Ltd. | 13,807,848 |
| 170,000 | Newmont Mining Corp. (a) | 7,483,400 |
| 12,537,555 | PanAust Ltd. | 5,419,709 |
| 61,300 | Peabody Energy Corp. (a) | 2,281,586 |
| 210,007 | Randgold Resources Ltd., ADR (a) | 14,675,289 |
| 574,000 | Red Back Mining Inc. | 6,449,559 |
| 47,000 | Rio Tinto plc, ADR (a) | 8,003,630 |
| 157,700 | Royal Gold Inc. | 7,191,120 |
| 78,700 | Vale SA, ADR (a) | 1,820,331 |
| 62,000 | Vedanta Resources plc | 1,884,613 |
| 721,005 | Xstrata plc | 10,629,789 |
| 1,031,200 | Yamana Gold Inc. (a) | 11,044,152 |
| 254,081,696 | ||
| TOTAL COMMON STOCKS | 427,962,316 | |
| CONVERTIBLE PREFERRED STOCKS 1.7% | ||
| Metals and Mining 1.7% | ||
| 51,720 | Freeport-McMoRan Copper & Gold Inc., 6.750% Cv. Pfd | 5,327,160 |
| 10,000 | Vale Capital II, 6.750%, Cv. Pfd., Ser. VALe | 689,500 |
| 35,000 | Vale Capital II, 6.750%, Cv. Pfd., Ser. VALE | 2,476,950 |
| 6,000 | Vale Capital Ltd., 5.500% Cv. Pfd., Ser. RIO | 276,060 |
| TOTAL CONVERTIBLE PREFERRED STOCKS | 8,769,670 |
See accompanying notes to schedule of investments.
2
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST SCHEDULE OF INVESTMENTS (Continued) September 30, 2009 (Unaudited)
| Shares | Market — Value | |
|---|---|---|
| WARRANTS 0.1% | ||
| Energy and Energy Services 0.0% | ||
| 34,091 | Comanche Energy Inc., Cl. A, expire 06/13/13 (b)(c)(d) | $ 0 |
| 36,197 | Comanche Energy Inc., Cl. B, expire 06/13/13 (b)(c)(d) | 0 |
| 82,965 | Comanche Energy Inc., Cl. C, expire 06/13/13 (b)(c)(d) | 0 |
| 0 | ||
| Metals and Mining 0.1% | ||
| 62,500 | Franco-Nevada Corp., expire 03/13/12 (b)(d)(e) | 154,833 |
| 87,500 | Franco-Nevada Corp., expire 06/16/17 (e) | 506,702 |
| 661,535 | ||
| TOTAL WARRANTS | 661,535 |
| Principal | ||
|---|---|---|
| Amount | ||
| CONVERTIBLE CORPORATE BONDS 2.2% | ||
| Energy and Energy Services 0.9% | ||
| $ 1,500,000 | Chesapeake Energy Corp., Cv., 2.250%, 12/15/38 | 1,128,750 |
| 2,000,000 | Nabors Industries Inc., Cv., 0.940%, 05/15/11 | 1,942,500 |
| 500,000 | Transocean Ltd., Ser. A, Cv., 1.625%, 12/15/37 | 500,000 |
| 1,000,000 | Transocean Ltd., Ser. B, Cv., 1.500%, 12/15/37 | 970,000 |
| 4,541,250 | ||
| Metals and Mining 1.3% | ||
| 270,000 | Alcoa Inc., Cv., 5.250%, 03/15/14 | 595,350 |
| 5,000,000 | Newmont Mining Corp., Cv., 1.625%, 07/15/17 | 5,868,750 |
| 6,464,100 | ||
| TOTAL CONVERTIBLE CORPORATE BONDS | 11,005,350 | |
| CORPORATE BONDS 8.3% | ||
| Energy and Energy Services 3.0% | ||
| 3,575,507 | Comanche Energy Inc., PIK, 15.500%, 06/13/13 (b)(c)(d) | 1,783,595 |
| 2,500,000 | Compagnie Generale de Geophysique-Veritas, 7.500%, 05/15/15 | 2,500,000 |
| Principal — Amount | Market — Value | ||
|---|---|---|---|
| $ 2,000,000 | Marathon Oil Corp., 6.000%, 10/01/17 | $ 2,105,476 | |
| 2,000,000 | PetroHawk Energy Corp., 9.125%, 07/15/13 | 2,065,000 | |
| 2,000,000 | Suncor Energy Inc., 6.100%, 06/01/18 | 2,093,644 | |
| 1,000,000 | Tesoro Corp., 6.250%, 11/01/12 | 985,000 | |
| 500,000 | Tesoro Corp., 9.750%, 06/01/19 | 522,500 | |
| 2,500,000 | Weatherford International Ltd., 9.625%, 03/01/19 | 3,134,700 | |
| 15,189,915 | |||
| Metals and Mining 5.3% | |||
| 2,000,000 | AK Steel Corp., 7.750%, 06/15/12 | 2,017,500 | |
| 3,000,000 | Alcoa Inc., 6.000%, 07/15/13 | 3,134,211 | |
| 5,000,000 | ArcelorMittal, 5.375%, 06/01/13 | 5,116,050 | |
| 2,000,000 | Freeport-McMoRan Copper & Gold Inc., 8.250%, 04/01/15 | 2,129,846 | |
| 2,000,000 | Peabody Energy Corp., Ser. B, 6.875%, 03/15/13 | 2,030,000 | |
| 2,000,000 | Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13 | 2,156,682 | |
| 1,000,000 | Rio Tinto Finance (USA) Ltd., 8.950%, 05/01/14 | 1,181,318 | |
| 4,000,000 | United States Steel Corp., 6.050%, 06/01/17 | 3,741,548 | |
| 5,000,000 | Xstrata Canada Corp., 7.250%, 07/15/12 | 5,388,660 | |
| 26,895,815 | |||
| TOTAL CORPORATE BONDS | 42,085,730 | ||
| U.S. GOVERNMENT OBLIGATIONS 3.8% | |||
| 19,210,000 | U.S. Treasury Bills, 0.065% to 0.427%, 10/01/09 to 12/31/09 | 19,206,344 | |
| TOTAL INVESTMENTS 100.0% (Cost $518,285,611) | $ 509,690,945 | ||
| Aggregate book cost | $ 518,285,611 | ||
| Gross unrealized appreciation | $ 44,862,057 | ||
| Gross unrealized depreciation | (53,456,723 | ) | |
| Net unrealized appreciation/depreciation | $ (8,594,666 | ) |
See accompanying notes to schedule of investments.
3
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST SCHEDULE OF INVESTMENTS (Continued) September 30, 2009 (Unaudited)
| Number of | Expiration Date/ | Market | |
|---|---|---|---|
| Contracts | Exercise Price | Value | |
| OPTION CONTRACTS WRITTEN (3.9)% | |||
| Call Options Written (3.8)% | |||
| 150 | Agnico-Eagle Mines Ltd. | Oct. 09/65 | $ 66,000 |
| 1,200 | Agnico-Eagle Mines Ltd. | Nov. 09/65 | 816,000 |
| 1,200 | Agnico-Eagle Mines Ltd. | Nov. 09/80 | 150,000 |
| 79 | Anglo American plc(f) | Oct. 09/2200 | 12,626 |
| 75 | Anglo American plc(f) | Nov. 09/2400 | 18,579 |
| 3,050 | AngloGold Ashanti Ltd., ADR | Jan. 10/50 | 491,050 |
| 275 | Apache Corp. | Oct. 09/90 | 96,250 |
| 225 | Baker Hughes Inc. | Oct. 09/40 | 74,250 |
| 365 | Baker Hughes Inc. | Oct. 09/43 | 49,275 |
| 40 | Baker Hughes Inc. | Oct. 09/45 | 2,600 |
| 1,432 | Baker Hughes Inc. | Jan. 10/46 | 332,940 |
| 800 | Barrick Gold Corp. | Oct. 09/37.50 | 120,000 |
| 230 | Barrick Gold Corp. | Oct. 09/40 | 12,650 |
| 2,273 | Barrick Gold Corp. | Oct. 09/42.50 | 39,778 |
| 220 | BG Group plc(f) | Dec. 09/10 | 92,294 |
| 350 | BHP Billiton Ltd., ADR | Nov. 09/70 | 75,250 |
| 350 | BHP Billiton Ltd., ADR | Nov. 09/75 | 35,000 |
| 735 | BP plc, ADR | Oct. 09/50 | 260,190 |
| 325 | BP plc, ADR | Oct. 09/55 | 13,000 |
| 223 | Chesapeake Energy Corp. | Oct. 09/24 | 104,810 |
| 400 | Chesapeake Energy Corp. | Jan. 10/28 | 132,000 |
| 350 | Chesapeake Energy Corp. | Jan. 10/31 | 71,750 |
| 332 | Chesapeake Energy Corp. | Jan. 10/35 | 34,860 |
| 434 | Chevron Corp. | Dec. 09/75 | 52,080 |
| 650 | Compania de Minas Buenaventura SA, ADR | Oct. 09/30 | 331,500 |
| 650 | Compania de Minas Buenaventura SA, ADR | Dec. 09/35 | 214,500 |
| 1,000 | ConocoPhillips | Nov. 09/49 | 56,000 |
| 1,430 | Devon Energy Corp. | Jan. 10/75 | 354,640 |
| 110 | Diamond Offshore Drilling Inc. | Dec. 09/108.13 | 23,375 |
| 290 | Diamond Offshore Drilling Inc. | Jan. 10/105 | 114,550 |
| 4,000 | El Paso Corp. | Oct. 09/10 | 220,000 |
| 500 | El Paso Corp. | Oct. 09/11 | 7,500 |
| 3,250 | Eldorado Gold Corp.(g) | Nov. 09/14 | 129,010 |
| 140 | Exxon Mobil Corp. | Oct. 09/65 | 53,340 |
| 225 | Exxon Mobil Corp. | Oct. 09/70 | 14,400 |
| 225 | Exxon Mobil Corp. | Oct. 09/75 | 1,800 |
| 150 | Exxon Mobil Corp. | Nov. 09/70 | 24,300 |
| 600 | Franco-Nevada Corp.(g) | Oct. 09/29 | 28,020 |
| 1,750 | Franco-Nevada Corp.(g) | Oct. 09/30 | 32,690 |
| 31 | Gold Fields Ltd., ADR | Oct. 09/9 | 14,880 |
| 700 | Gold Fields Ltd., ADR | Oct. 09/11 | 201,250 |
| 9,100 | Gold Fields Ltd., ADR | Oct. 09/12.50 | 1,319,500 |
| 2,919 | Gold Fields Ltd., ADR | Oct. 09/14 | 154,707 |
| Number of | Expiration Date/ | Market | |
|---|---|---|---|
| Contracts | Exercise Price | Value | |
| 416 | Gold Fields Ltd., ADR | Nov. 09/16 | $ 16,640 |
| 268 | Goldcorp Inc. | Oct. 09/26 | 380,560 |
| 275 | Goldcorp Inc. | Oct. 09/40 | 48,125 |
| 500 | Goldcorp Inc. | Oct. 09/41 | 65,000 |
| 250 | Goldcorp Inc. | Oct. 09/42.50 | 18,000 |
| 1,500 | Goldcorp Inc. | Oct. 09/45 | 45,000 |
| 434 | Halliburton Co. | Oct. 09/24 | 132,370 |
| 406 | Halliburton Co. | Oct. 09/25 | 103,936 |
| 400 | Halliburton Co. | Jan. 10/27 | 93,600 |
| 1,350 | Halliburton Co. | Jan. 10/31 | 125,550 |
| 5,788 | Harmony Gold Mining Co. Ltd., ADR | Nov. 09/11 | 520,920 |
| 273 | Harmony Gold Mining Co. Ltd., ADR | Jan. 10/10 | 49,140 |
| 1,000 | Harmony Gold Mining Co. Ltd., ADR | Jan. 11/10 | 315,000 |
| 2,000 | IAMGOLD Corp. | Dec. 09/10 | 870,000 |
| 1,612 | Imperial Oil Ltd.(g) | Nov. 09/44 | 52,697 |
| 2,660 | Ivanhoe Mines Ltd. | Dec. 09/7.50 | 1,449,700 |
| 5,000 | Kinross Gold Corp. | Nov. 09/22.50 | 690,000 |
| 500 | Kinross Gold Corp. | Jan. 10/22.50 | 97,000 |
| 2,265 | Lihir Gold Ltd.(h) | Oct. 09/3.22 | 49,155 |
| 500 | Marathon Oil Corp. | Oct. 09/26 | 297,500 |
| 480 | Marathon Oil Corp. | Oct. 09/32.50 | 28,800 |
| 500 | Marathon Oil Corp. | Oct. 09/34 | 10,000 |
| 600 | Marathon Oil Corp. | Jan. 10/37 | 42,000 |
| 210 | Murphy Oil Corp. | Oct. 09/60 | 14,700 |
| 490 | Murphy Oil Corp. | Jan. 10/65 | 84,525 |
| 490 | Murphy Oil Corp. | Jan. 10/70 | 39,200 |
| 2,850 | Nabors Industries Ltd. | Dec. 09/24 | 228,000 |
| 275 | Newcrest Mining Ltd.(h) | Oct. 09/33.36 | 147,649 |
| 135 | Newcrest Mining Ltd.(h) | Oct. 09/34.28 | 55,261 |
| 1,700 | Newmont Mining Corp. | Dec. 09/50 | 258,400 |
| 700 | Nexen Inc. | Oct. 09/22.50 | 49,000 |
| 1,980 | Noble Corp. | Dec. 09/42 | 272,250 |
| 613 | Peabody Energy Corp. | Dec. 09/41 | 125,665 |
| 575 | Petroleo Brasileiro SA, ADR | Oct. 09/35 | 635,375 |
| 230 | Petroleo Brasileiro SA, ADR | Oct. 09/44 | 59,800 |
| 210 | Petroleo Brasileiro SA, ADR | Oct. 09/46 | 26,250 |
| 1,000 | Petroleo Brasileiro SA, ADR | Oct. 09/47.50 | 70,000 |
| 800 | Petroleo Brasileiro SA, ADR | Oct. 09/50 | 20,000 |
| 335 | Randgold Resources Ltd., ADR | Oct. 09/65 | 188,940 |
| 1,765 | Randgold Resources Ltd., ADR | Dec. 09/85 | 322,113 |
See accompanying notes to schedule of investments.
4
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST SCHEDULE OF INVESTMENTS (Continued) September 30, 2009 (Unaudited)
| Number of | Expiration Date/ | Market | |
|---|---|---|---|
| Contracts | Exercise Price | Value | |
| OPTION CONTRACTS WRITTEN (Continued) | |||
| Call Options Written (Continued) | |||
| 2,490 | Red Back Mining Inc.(g) | Oct. 09/12 | $ 104,656 |
| 1,000 | Red Back Mining Inc.(g) | Oct. 09/13 | 14,010 |
| 2,250 | Red Back Mining Inc.(g) | Jan. 10/13 | 210,153 |
| 50 | Rio Tinto plc, ADR | Oct. 09/140 | 152,500 |
| 120 | Rio Tinto plc, ADR | Oct. 09/155 | 201,600 |
| 150 | Rio Tinto plc, ADR | Oct. 09/190 | 12,750 |
| 150 | Rio Tinto plc, ADR | Oct. 09/190 | 122,250 |
| 1,330 | Rowan Companies Inc. | Oct. 09/22.50 | 192,850 |
| 1,000 | Rowan Companies Inc. | Jan. 10/25 | 152,500 |
| 127 | Royal Dutch Shell plc, Cl. A(f) | Dec. 09/1900 | 54,293 |
| 1,020 | Royal Gold Inc. | Oct. 09/45 | 198,900 |
| 275 | Royal Gold Inc. | Jan. 10/45 | 129,250 |
| 275 | Royal Gold Inc. | Jan. 10/50 | 74,938 |
| 235 | Saipem SpA(i) | Dec. 09/20 | 250,136 |
| 917 | Sasol Ltd., ADR | Dec. 09/45 | 36,680 |
| 584 | StatoilHydro ASA, ADR | Oct. 09/22.50 | 43,800 |
| 300 | StatoilHydro ASA, ADR | Oct. 09/25 | 3,000 |
| 1,300 | Suncor Energy Inc. | Dec. 09/38 | 195,000 |
| 1,390 | Suncor Energy Inc. | Jan. 10/40 | 194,600 |
| 200 | Technip SA(i) | Dec. 09/48 | 55,754 |
| 200 | Technip SA(i) | Dec. 09/56 | 15,512 |
| 95 | Tesoro Corp. | Nov. 09/15 | 10,925 |
| 495 | Tesoro Corp. | Nov. 09/16 | 37,125 |
| 2,008 | The Williams Companies Inc. | Nov. 09/20 | 64,256 |
| 325 | Total SA, ADR | Nov. 09/65 | 14,625 |
| 875 | Transocean Ltd. | Nov. 09/85 | 455,000 |
| 787 | Vale SA | Dec. 09/25 | 81,848 |
| 761 | Valero Energy Corp. | Oct. 09/19 | 65,446 |
| 62 | Vedanta Resources plc(f) | Dec. 09/2400 | 31,955 |
| 2,675 | Weatherford International Ltd. | Nov. 09/23 | 227,375 |
| 600 | Weatherford International Ltd. | Nov. 09/24 | 33,000 |
| 478 | Xstrata plc(f) | Oct. 09/960 | 179,521 |
| 243 | Xstrata plc(f) | Dec. 09/8.41 | 522,334 |
| 1,070 | XTO Energy Inc. | Nov. 09/46 | 74,900 |
| 870 | XTO Energy Inc. | Nov. 09/47 | 52,200 |
| 287 | Yamana Gold Inc. | Oct. 09/7 | 104,755 |
| 2,025 | Yamana Gold Inc. | Oct. 09/10 | 162,000 |
| 8,000 | Yamana Gold Inc. | Oct. 09/11 | 280,000 |
| TOTAL CALL OPTIONS WRITTEN | |||
| (Premiums received $17,928,030) | $ 19,359,412 |
| Number of — Contracts | Expiration Date/ — Exercise Price | Market — Value | ||
|---|---|---|---|---|
| Put Options Written (0.1)% | ||||
| 175 | Devon Energy Corp. | Oct. 09/50 | $ 875 | |
| 100 | Diamond Offshore Drilling Inc. | Dec. 09/90 | 45,000 | |
| 900 | Franco-Nevada Corp.(g) | Oct. 09/25 | 6,725 | |
| 500 | Halliburton Co. | Oct. 09/20 | 2,000 | |
| 800 | Harmony Gold Mining Co. Ltd., ADR | Nov. 09/9 | 20,000 | |
| 250 | Lonmin plc(f) | Mar. 10/14 | 417,519 | |
| 500 | Massey Energy Co. | Oct. 09/21 | 2,500 | |
| 175 | Murphy Oil Corp. | Oct. 09/50 | 2,625 | |
| 1,000 | Petroleo Brasileiro SA, ADR | Jan. 10/25 | 5,000 | |
| 400 | Pride International Inc. | Oct. 09/22.50 | 3,000 | |
| 300 | Rowan Companies Inc. | Oct. 09/17.50 | 3,000 | |
| 200 | Rowan Companies Inc. | Oct. 09/20 | 2,500 | |
| 500 | Royal Gold Inc. | Jan. 10/35 | 40,000 | |
| 310 | Suncor Energy Inc. | Dec. 09/28 | 21,700 | |
| 700 | Tesoro Corp. | Nov. 09/14 | 51,100 | |
| 150 | Transocean Ltd. | Nov. 09/80 | 36,000 | |
| 525 | Weatherford International Ltd. | Nov. 09/16 | 13,125 | |
| TOTAL PUT OPTIONS WRITTEN | ||||
| (Premiums received $1,473,525) | $ 672,669 | |||
| Aggregate premiums | $ 19,401,555 | |||
| Gross unrealized appreciation | $ 5,516,295 | |||
| Gross unrealized depreciation | (6,146,821 | ) | ||
| Net unrealized | ||||
| appreciation/depreciation | $ (630,526 | ) |
| (a) | Securities, or a portion thereof, with a
value of $170,686,167 were pledged as collateral
for options written. |
| --- | --- |
| (b) | Security fair valued under procedures
established by the Board of Trustees. The procedures
may include reviewing available financial
information about the company and reviewing the
valuation of comparable securities and other factors
on a regular basis. At September 30, 2009, the
market value of fair valued securities amounted to
$1,938,428 or 0.38% of total investments. |
See accompanying notes to schedule of investments.
5
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST SCHEDULE OF INVESTMENTS (Continued) September 30, 2009 (Unaudited)
(c) At September 30, 2009, the Fund held investments in restricted securities amounting to $2,423,095 or 0.48% of total investments, which were value under methods approved by the Board of Trustees as follows:
| Acquisition — Shares/ | 09/30/09 | |||
|---|---|---|---|---|
| Principal | Acquisition | Acquisition | Carrying Value | |
| Amount | Issuer | Date | Cost | Per Unit |
| 307,692 | Comanche Energy Inc. | 06/17/08 | $ 1,849,998 | |
| 34,091 | Comanche Energy Inc., Cl. A, Warrants expire 06/13/13 | 06/17/08 | 93,750 | |
| 36,197 | Comanche Energy Inc., Cl. B, Warrants expire 06/13/13 | 06/17/08 | 93,750 | |
| 82,965 | Comanche Energy Inc., Cl. C, Warrants expire 06/13/13 | 06/17/08 | 187,501 | |
| $ 3,575,507 | Comanche Energy Inc., 12.500%, 06/13/13 | 06/17/08 | 3,350,507 | $ 49.8837 |
| 50,000 | Ivanhoe Mines Ltd. | 04/25/05 | 337,897 | 12.7900 |
| (d) | Illiquid security. |
|---|---|
| (e) | Security exempt from registration under Rule |
| 144A of the Securities Act of 1933, as amended. | |
| These securities may be resold in transactions | |
| exempt from registration, normally to qualified | |
| institutional buyers. At September 30, 2009, the | |
| market value of the Rule 144A securities amounted to | |
| $5,252,905 or 1.03% of total investments. | |
| (f) | Exercise price denoted in |
| British Pounds. | |
| (g) | Exercise price |
| denoted in Canadian dollars. | |
| (h) | Exercise price denoted in Australian |
| dollars. | |
| (i) | Exercise price denoted |
| in Euros. | |
| | Non-income producing security. |
| | Represents annualized yield at |
| date of purchase. | |
| ADR | American Depositary Receipt. |
| PIK | Payment-in-kind. |
| % of — Market | Market | |||
|---|---|---|---|---|
| Geographic Diversification | Value | Value | ||
| Long Positions | ||||
| North America | 54.8 | % | $ 279,188,627 | |
| Europe | 22.0 | 111,882,855 | ||
| South Africa | 10.9 | 55,568,082 | ||
| Asia/Pacific | 6.4 | 32,863,890 | ||
| Latin America | 5.9 | 30,187,491 | ||
| Total Investments | 100.0 | % | $ 509,690,945 | |
| Short Positions | ||||
| North America | (2.1 | )% | $ (10,879,485 | ) |
| Europe | (0.8 | ) | (3,965,115 | ) |
| South Africa | (0.6 | ) | (3,139,767 | ) |
| Latin America | (0.3 | ) | (1,685,398 | ) |
| Asia/Pacific | (0.1 | ) | (362,316 | ) |
| Total Investments | (3.9 | )% | $ (20,032,081 | ) |
See accompanying notes to schedule of investments.
6
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
1. Security Valuation. Portfolio securities listed or traded on a nationally recognized securities exchange or traded in the U.S. over-the-counter market for which market quotations are readily available are valued at the last quoted sale price or a markets official closing price as of the close of business on the day the securities are being valued. If there were no sales that day, the security is valued at the average of the closing bid and asked prices or, if there were no asked prices quoted on that day, then the security is valued at the closing bid price on that day. If no bid or asked prices are quoted on such day, the security is valued at the most recently available price or, if the Board of Trustees (the Board) so determines, by such other method as the Board shall determine in good faith to reflect its fair market value. Portfolio securities traded on more than one national securities exchange or market are valued according to the broadest and most representative market, as determined by Gabelli Funds, LLC (the Adviser).
Portfolio securities primarily traded on a foreign market are generally valued at the preceding closing values of such securities on the relevant market, but may be fair valued pursuant to procedures established by the Board if market conditions change significantly after the close of the foreign market but prior to the close of business on the day the securities are being valued. Debt instruments with remaining maturities of sixty days or less that are not credit impaired are valued at amortized cost, unless the Board determines such amount does not reflect the securities fair value, in which case these securities will be fair valued as determined by the Board. Debt instruments having a maturity greater than sixty days for which market quotations are readily available are valued at the average of the latest bid and asked prices. If there were no asked prices quoted on such day, the security is valued using the closing bid price. Futures contracts are valued at the closing settlement price of the exchange or board of trade on which the applicable contract is traded.
Securities and assets for which market quotations are not readily available are fair valued as determined by the Board.
The inputs and valuation techniques used to measure fair value of the Funds investments are summarized into three levels as described in the hierarchy below:
| | Level 1 quoted prices in active markets for identical securities; |
|---|---|
| | Level 2 other significant observable inputs (including quoted prices for similar |
| securities, interest rates, prepayment speeds, credit risk, etc.); and | |
| | Level 3 significant unobservable inputs (including the Funds determinations as |
| to the fair value of investments). |
Folio 7 /Folio
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of the Funds investments and other financial instruments by inputs used to value the Funds investments as of September 30, 2009 is as follows:
| Valuation Inputs — Level 1 | Level 2 Other Significant | Level 3 Significant | Total Market Value | ||||
|---|---|---|---|---|---|---|---|
| Quoted Prices | Observable Inputs | Unobservable Inputs | at 9/30/09 | ||||
| INVESTMENTS IN SECURITIES: | |||||||
| ASSETS (Market Value): | |||||||
| Common Stocks | |||||||
| Energy and Energy Services | $ 173,880,620 | $ | $ 0 | $ 173,880,620 | |||
| Metals and Mining | 254,081,696 | | | 254,081,696 | |||
| Total Common Stocks | 427,962,316 | | 0 | 427,962,316 | |||
| Convertible Preferred Stocks (a) | 8,769,670 | | | 8,769,670 | |||
| Warrants | |||||||
| Energy and Energy Services | | | 0 | 0 | |||
| Metals and Mining | | 661,535 | | 661,535 | |||
| Convertible Corporate Bonds | | 11,005,350 | | 11,005,350 | |||
| Corporate Bonds | | 40,302,135 | 1,783,595 | 42,085,730 | |||
| U.S. Government Obligations | | 19,206,344 | | 19,206,344 | |||
| TOTAL INVESTMENTS IN SECURITIES | $ 436,731,986 | $ 71,175,364 | $ 1,783,595 | $ 509,690,945 | |||
| INVESTMENTS IN SECURITIES: | |||||||
| LIABILITIES (Market Value): | |||||||
| Call Options Written | $ (14,784,797 | ) | $ (4,574,615 | ) | $ | $ (19,359,412 | ) |
| Put Options Written | (449,244 | ) | (223,425 | ) | | (672,669 | ) |
| TOTAL INVESTMENTS IN SECURITIES | $ (15,234,041 | ) | $ (4,798,040 | ) | $ | $ (20,032,081 | ) |
| OTHER FINANCIAL INSTRUMENTS: | |||||||
| ASSETS (Unrealized Appreciation): * | |||||||
| Equity Swap Agreements | $ | $ 4,831,880 | $ | $ 4,831,880 |
| (a) | Security and industry classifications for these categories are detailed in the Schedule of
Investments. |
| --- | --- |
| * | Other financial instruments are derivative instruments not reflected in the Schedule of
Investments, such as futures, forwards, and swaps, which are valued at the unrealized
appreciation/depreciation of the investment. |
The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:
| Net change | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| in unrealized | ||||||||||
| appreciation/ | ||||||||||
| depreciation | ||||||||||
| Change in | during the | |||||||||
| Balance | Accrued | Realized | unrealized | Net | Transfers in | Balance | period on Level 3 | |||
| as of | discounts/ | gain/ | appreciation/ | purchases/ | and/or out | as of | investments held | |||
| 12/31/08 | (premiums) | (loss) | depreciation | (sales) | of Level 3 | 9/30/09 | at 9/30/09 | |||
| INVESTMENTS IN SECURITIES: | ||||||||||
| ASSETS (Market Value): | ||||||||||
| Common Stocks | ||||||||||
| Energy and Energy Services | $ 828,810 | $ | $ | $ (828,810 | ) | $ | $ | $ 0 | $ (828,810 | ) |
| Warrants | ||||||||||
| Energy and Energy Services | 168,003 | | | (168,003 | ) | | | 0 | (168,003 | ) |
| Corporate Bonds | 1,282,067 | 40,581 | | (20,810 | ) | 481,757 | | 1,783,595 | (20,810 | ) |
| TOTAL INVESTMENTS IN SECURITIES | $ 2,278,880 | $ 40,581 | $ | $ (1,017,623 | ) | $ 481,757 | $ | $ 1,783,595 | $ (1,017,623 | ) |
Folio 8 /Folio
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
2. Derivative Financial Instruments. The Fund may engage in various portfolio investment strategies by investing in a number of derivative financial instruments for the purpose of increasing the income of the Fund, hedging against changes in the value of its portfolio securities and in the value of securities it intends to purchase, or hedging against a specific transaction with respect to either the currency in which the transaction is denominated or another currency. Investing in certain derivative financial instruments, including participation in the options, futures, or swap markets, entails certain execution, liquidity, hedging, tax, and securities, interest, credit, or currency market risks. Losses may arise if the Advisers prediction of movements in the direction of the securities, foreign currency, and interest rate markets is inaccurate. Losses may also arise if the counterparty does not perform its duties under a contract, or that, in the event of default, the Fund may be delayed in or prevented from obtaining payments or other contractual remedies owed to it under derivative contracts. The creditworthiness of the counterparties is closely monitored in order to minimize these risks. Participation in derivative transactions involves investment risks, transaction costs, and potential losses to which the Fund would not be subject absent the use of these strategies. The consequences of these risks, transaction costs, and losses may have a negative impact on the Funds ability to pay distributions.
Current notional amounts are an indicator of the volume of the Funds derivative activities during the period.
Swap Agreements. The Fund may enter into equity swap transactions for the purpose of increasing the income of the Fund. The use of swaps is a highly specialized activity that involves investment techniques and risks different from those associated with ordinary portfolio security transactions. In a swap, a set of future cash flows is exchanged between two counterparties. One of these cash flow streams will typically be based on a reference interest rate combined with the performance of a notional value of shares of a stock. The other will be based on the performance of the shares of a stock. Depending on the general state of short-term interest rates and the returns on the Funds portfolio securities at the time a swap transaction reaches its scheduled termination date, there is a risk that the Fund will not be able to obtain a replacement transaction or that the terms of the replacement will not be as favorable as on the expiring transaction.
The Fund has entered into equity swap agreements with The Goldman Sachs Group, Inc. Details of the swaps at September 30, 2009 are as follows:
| Notional | Equity Security | Interest Rate/ | Termination | Net Unrealized |
|---|---|---|---|---|
| Amount | Received | Equity Security Paid | Date | Appreciation |
| One Month LIBOR | ||||
| plus 65 bps plus | ||||
| Market Value | Market Value | |||
| Appreciation on: | Depreciation on: | |||
| $374,041 (528,986 Shares) | LLX Logistica SA | LLX Logistica SA | 3/23/10 | $ 1,560,762 |
| MMX Mineracao e | MMX Mineracao e | |||
| 886,032 (672,000 Shares) | Metalicos SA | Metalicos SA | 3/23/10 | 3,271,118 |
| $ 4,831,880 |
For open derivative instruments as of September 30, 2009, see the preceding tables, which are also indicative of activity for the year ended December 31, 2008.
Folio 9 /Folio
PAGEBREAK
THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST NOTES TO SCHEDULE OF INVESTMENTS (Continued) (Unaudited)
Options. The Fund may purchase or write call or put options on securities or indices for the purpose of increasing the income of the Fund. As a writer of put options, the Fund receives a premium at the outset and then bears the risk of unfavorable changes in the price of the financial instrument underlying the option. The Fund would incur a loss if the price of the underlying financial instrument decreases between the date the option is written and the date on which the option is terminated. The Fund would realize a gain, to the extent of the premium, if the price of the financial instrument increases between those dates. If a written call option is exercised, the premium is added to the proceeds from the sale of the underlying security in determining whether there has been a realized gain or loss. If a written put option is exercised, the premium reduces the cost basis of the security.
As a purchaser of put options, the Fund pays a premium for the right to sell to the seller of the put option the underlying security at a specified price. The seller of the put has the obligation to purchase the underlying security upon exercise at the exercise price. If the price of the underlying security declines, the Fund would realize a gain upon sale or exercise. If the price of the underlying security increases or stays the same, the Fund would realize a loss upon sale or at the expiration date, but only to the extent of the premium paid.
In the case of call options, these exercise prices are referred to as in-the-money, at-the-money, and out-of-the-money, respectively. The Fund may write (a) in-the-money call options when the Adviser expects that the price of the underlying security will remain stable or decline during the option period, (b) at-the-money call options when the Adviser expects that the price of the underlying security will remain stable, decline, or advance moderately during the option period, and (c) out-of-the-money call options when the Adviser expects that the premiums received from writing the call option will be greater than the appreciation in the price of the underlying security above the exercise price. By writing a call option, the Fund limits its opportunity to profit from any increase in the market value of the underlying security above the exercise price of the option. Out-of-the-money, at-the-money, and in-the-money put options (the reverse of call options as to the relation of exercise price to market price) may be utilized in the same market environments that such call options are used in equivalent transactions. Option positions at September 30, 2009 are presented within the Schedule of Investments.
3. Tax Information. Under the current tax law, capital losses related to securities and foreign currency realized after October 31 and prior to the Funds fiscal year end may be treated as occurring on the first day of the following year. For the year ended December 31, 2008, the Fund deferred capital losses of $27,712,086 and currency losses of $130,859.
Folio 10 /Folio
PAGEBREAK
TRUSTEES AND OFFICERS THE GABELLI GLOBAL GOLD, NATURAL RESOURCES & INCOME TRUST One Corporate Center, Rye, NY 10580-1422
| Trustees |
|---|
| Anthony J. Colavita |
| President, |
| Anthony J. Colavita, P.C. |
| James P. Conn |
| Former Managing Director & |
| Chief Investment Officer, |
| Financial Security Assurance Holdings Ltd. |
| Mario dUrso |
| Former Italian Senator |
| Vincent D. Enright |
| Former Senior Vice President & |
| Chief Financial Officer, |
| KeySpan Corp. |
| Frank J. Fahrenkopf, Jr. |
| President & Chief Executive Officer, |
| American Gaming Association |
| Michael J. Melarkey |
| Attorney-at-Law, |
| Avansino, Melarkey, Knobel & Mulligan |
| Salvatore M. Salibello |
| Certified Public Accountant, |
| Salibello & Broder, LLP |
| Anthonie C. van Ekris |
| Chairman, BALMAC International, Inc. |
| Salvatore J. Zizza |
| Chairman, Zizza & Co., Ltd. |
| Officers |
|---|
| Bruce N. Alpert |
| President |
| Carter W. Austin |
| Vice President |
| Peter D. Goldstein |
| Chief Compliance Officer |
| Christopher Mancini |
| Assistant Vice President & Ombudsman |
| Molly A.F. Marion |
| Vice President |
| Agnes Mullady |
| Treasurer and Secretary |
| Investment Adviser |
| Gabelli Funds, LLC |
| One Corporate Center |
| Rye, New York 10580-1422 |
| Custodian |
| The Bank of New York Mellon |
| Counsel |
| Skadden, Arps, Slate, Meagher & Flom LLP |
| Transfer Agent and Registrar |
| American Stock Transfer and Trust Company |
| Stock Exchange Listing | 6.625% | |
|---|---|---|
| Common | Preferred | |
| NYSE AmexSymbol: | GGN | GGN PrA |
| Shares Outstanding: | 26,342,468 | 3,955,687 |
The Net Asset Value per share appears in the Publicly Traded Funds column, under the heading Specialized Equity Funds, in Mondays The Wall Street Journal. It is also listed in Barrons Mutual Funds/Closed End Funds section under the heading Specialized Equity Funds.
The Net Asset Value per share may be obtained each day by calling (914) 921-5070 or visiting www.gabelli.com.
For general information about the Gabelli Funds, call 800-GABELLI (800-422-3554), fax us at 914-921-5118, visit Gabelli Funds Internet homepage at: www.gabelli.com, or e-mail us at: [email protected]
Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended, that the Fund may, from time to time, purchase its common shares in the open market when the Funds shares are trading at a discount of 7.5% or more from the net asset value of the shares. The Fund may also, from time to time, purchase its preferred shares in the open market when the preferred shares are trading at a discount to the liquidation value.
Folio /Folio
PAGEBREAK
Folio /Folio
PAGEBREAK
link2 "Item 2. Controls and Procedures"
Item 2. Controls and Procedures.
| (a) | The registrants principal executive and principal financial officers, or persons
performing similar functions, have concluded that the registrants disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as
amended (the 1940 Act) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days
of the filing date of the report that includes the disclosure required by this paragraph,
based on their evaluation of these controls and procedures required by Rule 30a-3(b) under
the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities
Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| --- | --- |
| (b) | There were no changes in the registrants internal control over financial reporting (as
defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the
registrants last fiscal quarter that have materially affected, or are reasonably likely to
materially affect, the registrants internal control over financial reporting. |
link2 "Item 3. Exhibits"
Item 3. Exhibits.
Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.
Folio /Folio
PAGEBREAK
link1 "SIGNATURES"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| (Registrant) The Gabelli Global Gold, Natural Resources & Income Trust | |
|---|---|
| By (Signature and Title)* | /s/ Bruce N. Alpert Bruce N. Alpert, Principal Executive Officer |
| Date 11/27/09 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By (Signature and Title)* | /s/ Bruce N. Alpert Bruce N. Alpert, Principal Executive Officer |
|---|---|
| Date 11/27/09 | |
| By (Signature and Title)* | /s/ Agnes Mullady Agnes Mullady, Principal Financial Officer and Treasurer |
| Date 11/27/09 |
Folio /Folio
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.