RTNTF - GNT: Energy And Mining Equities With A 20% Leverage Ratio
2023-03-08 00:46:17 ET
Summary
- GAMCO Natural Resources Gold & Income Trust is an equities closed-end fund.
- As per its mandate, the fund is currently overweight mining companies and energy stocks, which comprise over 58% of the fund.
- The CEF has a low leverage ratio of 20% achieved via preferred shares and a large discount of -16%.
- This CEF represents a viable alternative to its sister fund GGN and can be obtained 10% cheaper.
- The structure has the ability to write covered calls but has used this option sparingly.
For further details see:
GNT: Energy And Mining Equities With A 20% Leverage Ratio