GABELLI MARIO J 4
4 · GAMCO Natural Resources, Gold & Income Trust · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
GAMCO Natural Resources (GNT.B) 10% Owner Mario Gabelli Sells 440K Shares
What Happened Mario J. Gabelli, reported as a 10% owner, reported two dispositions on March 20, 2026: 190,000 shares and 250,000 shares of GAMCO Natural Resources, Gold & Income Trust (GNT.B) were disposed at $10.00 per share, totaling 440,000 shares and $4,400,000. The transactions are coded “J” (other acquisition or disposition) and, per the filing footnote, represent shares redeemed in connection with a mandatory redemption of the Series B preferred shares — a corporate redemption rather than an open-market sale by the insider.
Key Details
- Transaction date: March 20, 2026
- Price: $10.00 per share
- Amounts: 190,000 + 250,000 = 440,000 shares; Total proceeds $4,400,000
- Transaction code: J (other acquisition/disposition); Footnote F1: redeemed under mandatory Series B preferred redemption
- Shares owned after transaction: The filing reports holdings of Associated Capital Group, Inc. (ACG) and GAMCO Investors, Inc. (GAMCO) (Footnotes F2, F3). Mr. Gabelli is a controlling shareholder of those entities but disclaims beneficial ownership beyond his indirect pecuniary interest. The report does not state a personal post-transaction share total for Mr. Gabelli.
- Filing timeliness: Report filed March 23, 2026 for March 20 transactions — within standard Form 4 timing (timely).
Context This disposition is the result of a corporate mandatory redemption, not a voluntary open-market sale; such redemptions are administrative and don’t necessarily signal the insider’s view on the company’s equity. As a reported 10% owner via related entities (ACG and GAMCO), Gabelli’s filing reflects institutional holdings and includes disclaimers of beneficial ownership beyond his indirect pecuniary interest.
Insider Transaction Report
- Other
Series B Cumulative Preferred Shares
[F1][F2]2026-03-20$10.00/sh−190,000$1,900,000→ 0 total(indirect: Associated Capital Group, Inc.) - Other
Series B Cumulative Preferred Shares
[F1][F3]2026-03-20$10.00/sh−250,000$2,500,000→ 0 total(indirect: GAMCO Investors, Inc.)
Footnotes (3)
- [F1]Shares were redeemed in accordance with a mandatory redemption of the Series B Preferred Shares on March 20, 2026.
- [F2]The shares reported reflect the total shares owned by Associated Capital Group, Inc. (ACG). Mario J. Gabelli is the Executive Chair and controlling shareholder of ACG. Mr. Gabelli has less than a 100% interest in ACG and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.
- [F3]The shares reported reflect the total shares owned by GAMCO Investors, Inc. (GAMCO). Mario J. Gabelli is the Chairman, Chief Executive Officer, controlling shareholder of GAMCO and Chief Investment Officer of Value Portfolios of Gabelli Funds, LLC (the Adviser). Mr. Gabelli has less than a 100% interest in GAMCO and disclaims beneficial ownership of the shares held by it which are in excess of his indirect pecuniary interest.