Distribution Announcement - The Gabelli Global Small and Mid Cap Value Trust declared a cash distribution of $0.21 per share, payable on March 24, 2026, which is a 31% increase from the previous distribution of $0.16 per share, raising the annualized distribution rate to $0.84 from $0.64 per share [1] Distribution Policy - The Fund intends to pay quarterly distributions determined by the Board of Trustees, with the possibility of an additional adjusting distribution in December based on excess income and net realized capital gains [2] - The Board of Directors reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification at any time [3] Tax Implications - Portions of the distribution may be treated as long-term capital gain or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals in taxable accounts, with additional Medicare surcharges applicable for high-income individuals [4] - If the Fund's earnings do not cover the total distributions, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] Distribution Components - For 2026, the current distribution to common shareholders is estimated to include approximately 33% from net investment income and 67% from net capital gains, with final determinations made after year-end [6] Fund Overview - The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with total net assets of $181 million, primarily aiming for long-term capital growth by investing at least 80% of its assets in equity securities of small or medium-sized companies [7]

Core Viewpoint - The Gabelli Global Small and Mid Cap Value Trust has approved an increase in its annualized distribution to $0.84 per share, reflecting a strong market total return of 25% year to date [1]. Distribution Policy - The Fund will pay a quarterly distribution of $0.21 per share starting December 19, 2025, for shareholders of record on December 12, 2025 [1]. - The Board of Trustees will determine the distribution amount each quarter and may also pay an adjusting distribution in December based on additional income and net realized capital gains [2]. Monitoring and Adjustments - The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions [3]. - The distribution policy is subject to modification by the Board at any time, and there is no guarantee that it will continue [3]. Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4]. - Certain U.S. shareholders may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4]. Earnings and Return of Capital - If the Fund's earnings do not cover the total distributions, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5]. - In 2025, distributions to common shareholders are estimated to consist of approximately 24% from net investment income, 38% from net capital gains, and 38% as a return of capital [6]. Fund Overview - The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with total net assets of $169 million, primarily aiming for long-term capital growth [7]. - The Fund invests at least 80% of its total assets in equity securities of small or medium-sized companies [7].

Distribution Announcement - The Gabelli Global Small and Mid Cap Value Trust declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] Distribution Policy - The Fund intends to pay quarterly distributions determined by the Board of Trustees, with potential additional adjusting distributions in December based on excess income and net realized capital gains [2] - The Board of Directors reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification [3] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4] Return of Capital - If the Fund's earnings do not meet the aggregate distributions, the excess amount distributed will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] Distribution Components - In 2025, distributions to common shareholders are estimated to include approximately 10% from net investment income, 23% from net capital gains, and 67% as a return of capital [6] Fund Overview - The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with total net assets of $144 million, primarily investing at least 80% of its assets in equity securities of small or medium-sized companies [7]

Distribution Announcement - The Gabelli Global Small and Mid Cap Value Trust declared a cash distribution of $0.16 per share, payable on June 23, 2025, to shareholders of record on June 13, 2025 [1] Distribution Policy - The Fund intends to pay quarterly distributions determined by the Board of Trustees, with an additional adjusting distribution in December based on excess income and net realized capital gains [2] - The Board of Directors reviews potential distributions each quarter, considering the Fund's net asset value and market conditions, with the distribution policy subject to modification [3] Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4] Return of Capital - If the Fund's earnings do not meet the aggregate distributions, the excess amount will be deemed a return of capital, generally not taxable and reducing the shareholder's cost basis [5] Distribution Components - In 2025, distributions to common shareholders are estimated to include approximately 17% from net capital gains and 83% as a return of capital on a book basis [6] - Final determination of distribution sources will be made after year-end, and shareholders will receive notifications regarding tax treatment in early 2026 [6] Fund Overview - The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with total net assets of $136 million, focusing on long-term capital growth [7] - The Fund invests at least 80% of its total assets in equity securities of small or medium-sized market capitalization companies [7]