American Stock Exchange Lists the Gabelli Global Gold, Natural Resources & Income Trust

American Stock Exchange Lists the Gabelli Global Gold, Natural
Resources & Income Trust
Gabelli Asset Management Inc. Launches Second Closed-End Fund on Amex 


NEW YORK, March 29  /PRNewswire/ -- The American Stock Exchange(R) (Amex(R))
today began trading common shares of the Gabelli Global Gold, Natural Resources
& Income Trust under the ticker symbol GGN.

The Gabelli Global Gold, Natural Resources & Income Trust, the second
closed-end fund launched by Gabelli Asset Management's investment company
advisory subsidiary, Gabelli Funds, LLC, to list on the Amex, is a newly
organized, non-diversified, closed-end management investment company. The
Fund's investment objectives are to provide a high level of current income with
a secondary objective to seek capital appreciation.

Under normal market conditions, the Fund will invest at least 80% of its assets
in equity securities of U.S. and overseas companies principally engaged in the
gold and natural resources industries. As part of its investment strategy, the
Fund intends to earn income primarily through an option strategy of writing
(selling) covered call options on equity securities in its portfolio.

"We are delighted to welcome the Gabelli Global Gold, Natural Resources &
Income Trust to the American Stock Exchange," said Tom Rzepski, vice president
of the Amex's closed-end fund business. "The Amex looks forward to a long and
collaborative relationship with Gabelli Funds as it continues to deliver
innovative investment opportunities to investors."

The Fund is issuing 16.6 million common shares at an initial price of $20 per
share, resulting in gross proceeds of $332 million, exclusive of the
underwriters' over-allotments. The lead manager of the underwriting syndicate
was Citigroup and the specialist for GGN is HBH Specialists.

Today's new addition brings the total number of closed-end funds listed on the
Amex to 149.  For further information, please contact 1-800-THE-AMEX.

About the American Stock Exchange

The American Stock Exchange(R) (Amex(R)) is the only primary exchange that
offers trading across a full range of equities, options and exchange traded
funds (ETFs), including structured products and HOLDRS(SM). In addition to its
role as a national equities market, the Amex is the pioneer of the ETF,
responsible for bringing the first domestic product to market in 1993. Leading
the industry in ETF listings, the Amex lists 155 ETFs. The Amex is also one of
the largest options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks. For more information,
please visit http://www.amex.com/.

About Gabelli Asset Management Inc.

Gabelli Asset Management Inc., through its subsidiaries, manages approximately
$28.7 billion in assets of private advisory accounts (GAMCO), mutual funds and
closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds
(Alternative Investment Group). 

DATASOURCE: American Stock Exchange



CONTACT:  Mary Chung of American Stock Exchange, [phone], or





Web site:  http://www.amex.com/ 

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