GABELLI MARIO J 4

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.