RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the &#34;Fund&#34;) declared a $0.21 per share cash distribution payable on September

Gabelli Global Small and Mid Cap Value Trust Declares Third Quarter Distribution of $0.21 Per Share

GGZ declares $0.21 quarterly distribution for Sept 23, 2026

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the &amp;#34;Fund&amp;#34;) declared a $0.21 per share cash distribution payable on September</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>GGZ announced a $0.21 per-share cash distribution payable Sept 23, 2026, with record date Sept 16. The payout comprises roughly 19% net investment income and 81% net capital gains, with potential adjustments at year-end. The fund, about $169 million in assets and 80% invested in small/mid-cap equities, offers a modest yield backdrop but policy can change at any time.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GGZ declares a $0.21 per-share cash distribution.</li><li>Record date is September 16, 2026; payment September 23, 2026.</li><li>Distributions: ~19% net investment income, ~81% net capital gains.</li><li>Fund assets total about $169 million with 80%+ in small/mid caps.</li><li>Board can modify distributions; tax components reported in 2027 Form 1099-DIV.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>The Gabelli Global Small and Mid Cap Value Trust (GGZ)</strong>: Declares quarterly cash distribution; policy may be modified by the board.</li><li><strong>GAMCO Investors, Inc. (GAMI)</strong>: Parent company; fund managed by Gabelli Funds, LLC; potential implications for fees and strategy.</li><li><strong>Gabelli Funds, LLC (N/A)</strong>: Manager of the fund; distribution policy reviewed by the board; not a standalone stock.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. This is a routine fund distribution update; relevance lies in yield, tax components, and policy discretion impacting GGZ investors.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Distribution sets a near-term yield baseline for GGZ.</li><li>Record date Sept 16 and payment Sept 23 may create light price action around these dates.</li><li>Distribution mix 19% net investment income and 81% net capital gains.</li><li>Board-discretion on distributions introduces policy risk.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Distribution: $0.21 per share.</li><li>Payable date: Sept 23, 2026.</li><li>Record date: Sept 16, 2026.</li><li>Distribution mix: ~19% net investment income; ~81% net capital gains.</li><li>Total net assets: about $169 million; at least 80% in small/mid-cap equities.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral near-term yield-focused holder; monitor NAV and distribution stability over the next quarter.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GGZ">GGZ</a>) (the "Fund") declared a $0.21 per share cash distribution payable on September 23, 2026 to common shareholders of record on September 16, 2026.</p>  <p align="justify">The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Trustees. In addition to the quarterly distributions, and in accordance with the minimum distribution requirements of the Internal Revenue Code for regulated investment companies, the Fund may pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the quarterly distributions for that year.</p>  <p align="justify">Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the current financial market environment. The Fund’s distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.</p>  <p align="justify">All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their &#34;net investment income&#34;, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.</p>  <p align="justify">If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.</p>  <p align="justify">Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would include approximately 19% from net investment income and 81% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the quarterly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.</p>  <p align="justify"><em>Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:</em></p>  <p align="justify"><em>Bethany Uhlein</em><br></br><em>(914) 921-5546</em></p>  <p align="justify"><strong>About The Gabelli Global Small and Mid Cap Value Trust</strong><br></br>The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with $169 million in total net assets whose primary investment objective is to achieve long-term capital growth of capital. Under normal market conditions, the Fund will invest at least 80% of its total assets in equity securities (such as common stock and preferred stock) of companies with small or medium sized market capitalizations. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/quote/GAMI">GAMI</a>).</p>  <p align="justify">NYSE – GGZ<br></br>CUSIP – 36249W104</p>  <p align="justify">THE GABELLI GLOBAL SMALL AND MID CAP VALUE TRUST<br></br>Investor Relations Contact:<br></br>Bethany Uhlein<br></br>(914) 921-5546<br></br>buhlein@gabelli.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwODc5NCM3NzczMDIwIzIyNTkwNjA="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MzUyNThlODYtZThlMS00ODI1LTliNzQtY2NhNzc4YTk1NzYwLTEyNzA2MTAtMjAyNi0wOC0xMi1lbg==/tiny/The-Gabelli-Global-Small-and-M.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/addc80ae-5b14-4b3f-b3b8-fdb300b39481"><img src="https://ml.globenewswire.com/media/addc80ae-5b14-4b3f-b3b8-fdb300b39481/small/gabelli-funds-hor-positive-rgb-png.png" border="0" width="150" height="40" alt="Primary Logo"></img></a></p>

GGZ announced a $0.21 per-share cash distribution payable Sept 23, 2026, with record date Sept 16. The payout comprises roughly 19% net investment income and 81% net capital gains, with potential adjustments at year-end. The fund, about $169 million in assets and 80% invested in small/mid-cap equities, offers a modest yield backdrop but policy can change at any time.

News insight

Gabelli Global Small and Mid Cap Value Trust Declares Third Quarter Distribution of $0.21 Per Share

AI summary

Sentiment rationale

Key facts

Corporate Developments