GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT) Announces Consideration of Tax Benefits Preservation Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2025
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Source: Globenewswire
Tax Benefit Preservation Plan: The Board of Trustees of GAMCO Natural Resources, Gold & Income Trust is considering a tax benefit preservation plan to protect its capital loss carryforwards (CLCFs) exceeding $74 million from potential ownership changes that could limit their use under Section 382 of the Internal Revenue Code.
Implementation Details: If adopted, the plan would issue rights to shareholders to discourage accumulation of shares above a specified threshold without Board approval, with final terms to be announced later; however, there is no guarantee that the plan will be implemented or effective in preventing an ownership change.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
