Saba Capital sells GAMCO natural resources (GNT) shares for $354,089

Published 14/07/2025, 19:12
Saba Capital sells GAMCO natural resources (GNT) shares for $354,089

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.