Day: May 18, 2023

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the “Fund”) declared a $0.15 per share cash distribution payable on June 23, 2023 to common shareholders of record on June 15, 2023. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year. Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, realized capital...

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the “Fund”) declared a $0.12 per share cash distribution payable on June 23, 2023 to common stock shareholders of record on June 15, 2023. The Fund intends to pay a minimum annual distribution of 8% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net asset value per share fluctuates daily. Each quarter, the Board of Directors reviews the amount of any potential distribution from the...

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of The GDL Fund (NYSE:GDL) (the “Fund”) declared a $0.12 per share cash distribution payable on June 23, 2023 to common shareholders of record on June 15, 2023. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Fund makes annual distributions of its realized net long-term capital gains and quarterly cash distributions of all or a portion of its investment company taxable income to common shareholders. A portion of the distribution may be a return of capital and various factors will affect the level of the Fund’s income, such as its asset...

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of July, August, and September 2023.Distribution Month Record Date Payable Date Distribution Per ShareJuly July 17, 2023 July 24, 2023 $0.10August August 17, 2023 August 24, 2023 $0.10September September 15, 2023 September 22, 2023 $0.10Under the Fund’s initial distribution policy, the Fund has paid a minimum annual distribution of 6% of the initial public offering price of $20.00 per share (a distribution of $0.10 per share each month). Each quarter, the Board of Trustees reviews the amount of any potential...

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the “Fund”) declared a $0.16 per share cash distribution payable on June 23, 2023 to common shareholders of record on June 15, 2023. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year. Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital...

HALIFAX, Nova Scotia, May 18, 2023 (GLOBE NEWSWIRE) — Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX), is pleased to announce that its board of directors (the “Board”) has declared a dividend of $0.0025 (one quarter of one cent) per common share for the second quarter of 2023. The dividend will be paid on June 28, 2023, to shareholders of record at the close of business on June 14, 2023.   Morien has filed online its unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three months ended March 31, 2023. These documents are available on SEDAR (www.sedar.com) and on Morien’s website (www.morienres.com). Dividend Morien’s quarterly dividend is intended to be step-variable in relation to Donkin Mine production expansion...

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of July, August, and September 2023.Distribution Month Record Date Payable Date Distribution Per ShareJuly July 17, 2023 July 24, 2023 $0.05August August 17, 2023 August 24, 2023 $0.05September September 15, 2023 September 22, 2023 $0.05Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment....

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of Ellsworth Growth and Income Fund Ltd. (NYSE American:ECF) (the “Fund”) declared a $0.13 per share cash distribution payable on June 23, 2023 to common shareholders of record on June 15, 2023. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment....

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) — The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the “Fund”) declared a $0.32 per share cash distribution payable on June 23, 2023 to common shareholders of record on June 15, 2023. The Fund intends to pay the greater of either an annual distribution of 5% of the Fund’s trailing 12-month average month-end market price or an amount that meets the minimum distribution requirement of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. If necessary,...