GAMCO GGN Preferred: 6.3% Yield, A2 Rating, No Edge

GAMCO Global Gold Natural Resources & Income Trust Preferred (GGN.PR.B) yields 6.3% with an A2 Moody's rating. The preferred benefits from 1940 Act structural protection and low ~8% leverage. Trading at ~79.8% of par, it lacks a clear yield advantage over similar A-rated peers. The analyst rates it 'Hold'.