Newegg commerce: Galkin family buys $5.8M in NEGG stock
Saba Capital Management, L.P., a ten percent owner in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT), reported selling 5904 shares of common stock on June 24 and June 25, 2025. The shares were sold at a price of $6.28, with the total value of the sales amounting to $37077.
Following the transactions, Saba Capital Management, L.P. indirectly owns 1706949 shares of GAMCO Natural Resources, Gold & Income Trust.
In other recent news, GAMCO Natural Resources, Gold & Income Trust announced amendments to its Series B Cumulative Preferred Shares, introducing additional holder put dates. Effective April 2, 2025, this change allows shareholders to sell their shares back to the fund during specific 60-day periods before March 26, 2026, and March 26, 2027. This strategic adjustment aims to provide more flexibility for Series B Preferred Shareholders. The details of this amendment were outlined in an 8-K filing with the Securities and Exchange Commission. GAMCO confirmed that there is no change to its fiscal year, which ends on December 31. The trust also reiterated its commitment to compliance with the Securities Exchange Act of 1934. Investors can access the complete amendment text in Exhibit 3.1 attached to the SEC filing. This development is part of GAMCO’s ongoing efforts to adjust its financial instruments to better meet investor needs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.