New York, May 03, 2013 -- Moody's Investors Service ("Moody's") has assigned an A1 long-term rating to $100 million Series B cumulative preferred shares recently issued by GAMCO Global Gold, Natural Resources & Income Trust by Gabelli (GGN) managed by Gabelli Funds, LLC (Gabelli). Moody's also affirmed GGN's outstanding 6.625% Series A cumulative preferred shares. Net proceeds from the new offering will be used to retire the outstanding $48 million Series A preferred shares with remaining proceeds reinvested back in the portfolio. The Series B cumulative preferred shares are perpetual and may not be called for redemption prior to 7 May 2018.

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