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GAMCO Global Gold, Natural Reso Message Board

  • fbrunotts fbrunotts Jun 8, 2012 12:38 AM Flag

    New Share Issuance

    GGN's quarterly report, for the period ending 3/31/12, states that the fund "issued 2,516,131 common shares" during the quarter, which increases the total common shares by about 3.46%. The fund netted $40,461,586 on the sale of these new shares. The fund has made similar issuances in the past. Question: to what extent does the $40M in new cash, if invested in additions to the fund's portfolio, enable the fund to cover the dilution created by the new shares and maintain the 0.14/share distribution?

    I am not an accountant and would like to hear some rational comment on this matter.

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