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Morningstar, Inc. Commentaries

A Number of CEFs Tweak Distributions

Jun 10, 2014
Click here to access A Number of CEFs Tweak Distributions

Capital Transactions 

Gabelli Dividend & Income (GDV) announced shareholder approval for the spin-off of a new fund, Gabelli Global Small and Mid Cap Value Trust. GDV will contribute $100 million to the new fund, which anticipates a NAV of about $12 per share. The shares will trade on the New York Stock Exchange under the symbol GGZ on June 24.

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Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions.

Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.