American Stock Exchange Lists 6.625% Series A Cumulative Preferred Shares of The Gabelli Global Gold, Natural Resources & Income Trust

NEW YORK, Oct 22, 2007 /PRNewswire via COMTEX/ -- GGN | charts | news | PowerRating -- The American Stock Exchange(R) (Amex(R)) today announced the listing of 6.625% Series A Cumulative Preferred Shares ("Series A Preferred Shares") of The Gabelli Global Gold, Natural Resources & Income Trust, an Amex-listed closed-end fund (Amex: GGN). The Series A Preferred Shares will trade under the ticker symbol GGN.Pr.A. A total of four million Series A Preferred Shares were listed today.

The issuance of $100 million of Series A Preferred Shares occurred on October 16, 2007. The Series A Preferred Shares, rated "Aaa" by Moody's Investors Service, Inc., are perpetual and noncallable for five years, and were issued at $25 per share. Distributions will be paid quarterly beginning on December 26, 2007.

"Amex is pleased to partner with The Gabelli Global Gold, Natural Resources & Income Trust to provide investors with new ways to diversify their portfolios," said Tom Rzepski, Vice President, Amex ETF Marketplace. "These preferred shares are a welcome addition to our suite of innovative listings."

Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Gabelli & Company, Inc. served as underwriters for the offering.

The specialist for GGN and GGN.Pr.A is HBH Specialists LLC.

The Gabelli Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management investment company with $634 million in total assets whose primary investment objective is to provide a high level of current income. The Fund invests primarily in equity securities of gold and natural resources companies and intends to earn income primarily through a strategy of writing (selling) covered call options on equity securities in its portfolio. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.(NYSE: GBL).

The American Stock Exchange(R) (Amex(R)) 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 359 ETFs to date. 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.

SOURCE American Stock Exchange

http://www.amex.com

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