Asia FX weakens slightly, rupee recovers from record low as RBI holds rates
Saba Capital Management, a ten percent owner of GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT), reported selling 54,729 shares of common stock on July 10th and 11th. The sales were executed in two transactions, with prices ranging from $6.46 to $6.47, resulting in a total value of $354,089.
On July 10, Saba Capital sold 674 shares at $6.46 per share. Followed by a sale of 54,055 shares at $6.47 per share on July 11. Following these transactions, Saba Capital Management now owns 1,607,650 shares of GAMCO Natural Resources, Gold & Income Trust.
In other recent news, GAMCO Natural Resources, Gold & Income Trust has announced amendments to its Series B Cumulative Preferred Shares. The changes include the addition of specific put dates, allowing shareholders the option to sell their shares back to the Fund during defined 60-day periods before March 26, 2026, and March 26, 2027. This amendment, effective April 2, 2025, aims to offer greater flexibility to the Series B Preferred Shareholders. The details of this strategic move were outlined in an 8-K filing with the Securities and Exchange Commission. The trust has confirmed that its fiscal year remains unchanged, ending on December 31. Additionally, the trust reaffirms its compliance with the Securities Exchange Act of 1934. The full text of the amendment can be found as Exhibit 3.1 in the SEC filing. These developments reflect GAMCO Natural Resources, Gold & Income Trust’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.