NBC Securities Inc. increased its holdings in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) by 143,400% in Q1 2025, owning 2,870 shares worth $34,000. Other institutional investors, including Private Advisor Group LLC, Comerica Bank, and Raymond James Financial Inc., also adjusted their stakes in the fund. The fund, managed by Gabelli Funds, LLC, pays a $0.16 quarterly dividend with a 4.98% yield.

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust declared a $0.16 per share cash distribution for the fourth quarter, payable on December 20, 2024 to common shareholders of record on December 13, 2024. The Fund may pay an additional adjusting distribution in December to cover any additional income and net realized capital gains. The distribution is subject to review by the Board of Directors and is based on income, realized capital gain, or capital available.

Associated Capital Group, Inc. announced a preliminary range for its third quarter book value of $41.35 to $41.55 per share, with assets under management at $1.59 billion at September 30, 2023.

Italian Prime Minister Giorgia Meloni faces challenges in maintaining investor confidence due to economic policies, including a controversial attempt to tax banks. This move, combined with a shrinking economy and a worsening budget outlook, has led to increased bond yields and concerns about Italy's ability to refinance its substantial debt. The political landscape, marked by coalition tensions and upcoming elections, further complicates fiscal consolidation efforts. Despite these challenges, the European Central Bank's measures have so far prevented a market meltdown, but Italy's debt sustainability remains a critical issue.

Alexis Augier, a former Elliott investment professional, is launching Vega, a digital wealth management product targeting young, underserved high-net worth individuals in the UK. The product aims to bridge the gap in the market by offering tools for institutional investments in public and private markets. Vega has secured $8.3 million in seed capital from venture capital firms like Motive Ventures, Picus Capital, and Citi Ventures, along with over 60 senior financial services and FinTech executives. The firm plans to expand in continental Europe by early next year and introduce a product for clients to raise cash based on the value of their investments.