# EDGAR Filing Document

**Accession Number:** 0001438893
**File Stem:** 0001829126-26-007067
**Filing Date:** 2026-6
**Character Count:** 21831
**Document Hash:** 2e869f95cc19635de466eef17b65b961
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001829126-26-007067.hdr.sgml**: 20260630

**ACCESSION NUMBER**: 0001829126-26-007067

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260630

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260630

**DATE AS OF CHANGE**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GAMCO Natural Resources, Gold & Income Trust
- **CENTRAL INDEX KEY:** 0001438893

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-22216
- **FILM NUMBER:** 261141246

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 914-921-5100

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAMCO Natural Resources, Gold & Income Trust by Gabelli
- **DATE OF NAME CHANGE:** 20120106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gabelli Natural Resources, Gold & Income Trust
- **DATE OF NAME CHANGE:** 20080717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Gabelli Gold & Income Trust
- **DATE OF NAME CHANGE:** 20080630

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported) June 30, 2026**

**GAMCO Natural Resources, Gold & Income Trust**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Delaware** | **811-22216** | **27-4249875** |
| **(State or other jurisdiction<br> of incorporation)** | **(Commission <br> File Number)** | **(IRS Employer<br> Identification No.)** |

---

---

| | |
|:---|:---|
| **One Corporate Center** **, Rye, New York** | **10580** |
| **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrants telephone number, including area code (800) 422-3554**

**(Former name or former address, if changed since last report.)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Shares of Beneficial Interest | GNT | New York Stock Exchange |
| Series A Cumulative Preferred Shares | GNT Pr A | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.** |

---

On June 30, 2026, GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT) (the "Fund") entered into amendment no. 1 to the sales agreement dated April 22, 2025 (the "Amendment" and the agreement, as so amended, the "Sales Agreement") among the Fund, Gabelli Funds, LLC and G.research, LLC (the "Sales Manager"), pursuant to which the Fund may offer and sell up to 2,000,000 common shares of beneficial interest of the Fund, par value $0.001 per share (the "Common Shares"), from time to time, through the Sales Manager, in transactions deemed to be "at the market" as defined in Rule 415 under the Securities Act of 1933, as amended (the "Offering"). The minimum price on any day at which Common Shares may be sold will not be less than the then current net asset value per share plus the per share amount of the commission to be paid to the Sales Manager.

The Offering is being made pursuant a prospectus supplement, dated June 30, 2026 and the accompanying prospectus, dated February 5, 2024, each of which constitute part of the Fund's effective shelf registration statement on Form N-2 (File No. 333-276020) previously filed with the Securities and Exchange Commission (the "Registration Statement").

The foregoing description of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Sales Agreement filed with this report as Exhibit 1.1 and incorporated herein by reference.

---

| | |
|:---|:---|
| **Item 8.01.** | **Other Events.** |

---

On June 30, 2026, the Fund commenced the Offering pursuant to the Fund's Registration Statement. A copy of the opinion of Skadden, Arps, Slate, Meagher & Flom LLP relating to the legality of the Common Shares is filed as Exhibit 5.1 to this report.

The Fund incorporates by reference the exhibits filed herewith into the Registration Statement.

---

| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

---

*(d)* <u>*Exhibits*</u> 

---

| | |
|:---|:---|
| 1.1 | [Amendment No. 1 to Sales Agreement among the Registrant, Gabelli Funds, LLC and G.research, LLC](gamco_ex1-1.htm) |
| 5.1 | [Opinion of Skadden, Arps, Slate, Meagher & Flom LLP](gamco_ex5-1.htm) |
| 23.1 | [Consent of Skadden, Arps, Slate, Meagher & Flom LLP (included in Exhibit 5.1)](gamco_ex5-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | GAMCO NATURAL RESOURCES, GOLD & INCOME TRUST | GAMCO NATURAL RESOURCES, GOLD & INCOME TRUST |
| Date: June 30, 2026 | By: | /s/ John C. Ball |
|  | Name: | John C. Ball |
|  | Title: | President and Treasurer |

---

## Exhibit 1.1

**Exhibit 1.1**

GAMCO Natural Resources, Gold & Income Trust

AMENDMENT NO. 1<br>to

SALES AGREEMENT

Dated April 22, 2025

Common Shares of Beneficial Interest

Par Value $0.001 Per Share

June 30, 2026

G. Rearch, LLC<br>One Corporate Center<br>Rye, New York 10580

Ladies and Gentlemen:

GAMCO Natural Resources, Gold & Income Trust (the "<u>Fund</u>"), a statutory trust organized and existing under and by virtue of the laws of the State of Delaware, Gabelli Funds, LLC, a New York limited liability company (the "<u>Investment Adviser</u>") and G.research, LLC (the "<u>Sales Manager</u>"), as agent, previously entered into that certain Sales Agreement, dated April 22, 2025 (the "<u>Original Agreement</u>"), in connection with the issuance and sale of as much as $8,800,000 aggregate value of common shares of beneficial interest, par value $0.001 per share (the "<u>Common Shares</u>"), or 1,000,000 Common Shares, of the Fund. This Amendment No. 1 to the Sales Agreement (this "<u>Amendment</u>") amends certain provisions of the Original Agreement, subject to the execution and delivery by the parties hereto of this Amendment. Capitalized terms not defined herein shall have the meanings assigned to them in the Original Agreement.

In consideration of the premises and of the mutual covenants and agreements contained herein and in the Original Agreement, the Fund, the Investment Adviser and the Sales Manager hereby agree that the Original Agreement be amended as follows:

The Maximum Amount of Common Shares shall be $16,250,491, or 2,000,000 Common Shares. The Fund agrees to issue and sell through the Sales Manager, as agent, and the Sales Manager agrees to sell, as agent for the Fund, on a best efforts basis up to the Maximum Amount of the Common Shares during the term of the Sales Agreement, as amended hereby, on the terms set forth in the Original Agreement, as amended or supplemented from time to time.

If the foregoing correctly sets forth the understanding among the Fund, the Investment Adviser and the Sales Manager, please so indicate in the space provided below, whereupon this Amendment and your acceptance shall constitute a binding agreement among the Fund, the Investment Adviser and the Sales Manager.

---

| | |
|:---|:---|
| Sincerely, | Sincerely, |
| GAMCO NATURAL RESOURCES, GOLD & INCOME TRUST | GAMCO NATURAL RESOURCES, GOLD & INCOME TRUST |
| /s/ John C. Ball | /s/ John C. Ball |
| By: | John C. Ball |
| Title: | President & Treasurer |
| GABELLI FUNDS, LLC | GABELLI FUNDS, LLC |
| /s/ John C. Ball | /s/ John C. Ball |
| By: | John C. Ball |
| Title: | President & Chief Operating Officer |

---

Accepted and agreed to as of<br>the date first above written, on behalf of itself

---

| | |
|:---|:---|
| G.research, LLC | G.research, LLC |
| /s/ Vincent Amabile | /s/ Vincent Amabile |
| By: | Vincent Amabile |
| Title: | Chief Executive Officer |

---

## Exhibit 5.1

**Exhibit 5.1**

---

| | |
|:---|:---|
| Skadden, Arps, Slate, Meagher & Flom llp |  |
| 320 S. CANAL STREET | FIRM/AFFILIATE<br> OFFICES |
| CHICAGO, ILLINOIS 60606 | FIRM/AFFILIATE<br> OFFICES |
| <br>TEL: (312) 407-0700<br> FAX: (312) 407-0411<br> www.skadden.com<br>| <br> BOSTON<br> HOUSTON<br> LOS ANGELES<br> NEW YORK<br> PALO ALTO<br> WASHINGTON, D.C.<br> WILMINGTON<br>ABU DHABI<br> BEIJING<br> BRUSSELS<br> FRANKFURT<br> HONG KONG<br> LONDON<br> MUNICH<br> PARIS<br> SÃO PAULO<br> SEOUL<br> SINGAPORE<br> TOKYO<br> TORONTO |

---

June 30, 2026

GAMCO Natural Resources, Gold & Income Trust

One Corporate Center<br>Rye, New York 10580

Re: GAMCO Natural Resources, Gold & Income Trust — <br> <u>Offering of Common Shares</u>

Ladies and Gentlemen:

We have acted as special United States counsel to GAMCO Natural Resources, Gold & Income Trust, a statutory trust (the "Trust") created under the Delaware Statutory Trust Act (the "DSTA"), in connection with the issuance and sale by the Trust of up to 2,000,000 shares (the "Shares") of common shares of beneficial interest, par value $0.001 per share of the Trust (the "Common Shares"), pursuant to the Sales Agreement, dated April 22, 2026 and Amendment No. 1 dated June 30, 2026 (together the "Sales Agreement"), between the Trust and G.research, LLC.

This opinion letter is being furnished in accordance with the requirements of sub-paragraph (l) of item 25.2 of part C of Form N-2 under the Securities Act of 1933 (the "Securities Act") and the Investment Company Act of 1940 (the "1940 Act").

In rendering the opinions stated herein, we have examined and relied upon the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the notification of registration on Form N-8A (File No. 811-22216) of the Trust filed with the Securities and Exchange Commission (the "Commission") under the 1940 Act on July 18, 2008;

GAMCO Natural Resources, Gold & Income Trust<br> June 30, 2026<br> Page 2

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the registration statement on Form N-2 (File Nos. 333-276020 and 811-22216) of the Trust relating to the Common Shares and other securities of the Trust, filed with the Commission on December 13, 2023, under the Securities Act and the 1940 Act, allowing for delayed offerings pursuant to Rule 415 of the General Rules and Regulations under the Securities Act (the "Securities Act Rules and Regulations") and Pre-Effective Amendment No. 1 thereto, including information deemed to be a part of the registration statement pursuant to Rule 430B of the Securities Act Rules and Regulations and the Notice of Effectiveness of the Commission posted on its website declaring such registration statement effective on February 2, 2026 (such registration statement, as so amended, being hereinafter referred to as the "Registration Statement");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the prospectus and Statement of Additional Information of the Trust, each dated February 5, 2024, in the form filed with the Commission on April 24, 2025 pursuant to Rule 424(b) of the Securities Act Rules and Regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the prospectus supplement of the Trust, dated June 30, 2026, relating to the offering of the Shares, in the form filed with the Commission on June 30, 2026 pursuant to Rule 424(b) of the Securities Act Rules and Regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) an executed copy of a certificate of Peter Goldstein, Secretary of the Trust, dated the date hereof (the "Secretary's Certificate");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a copy of the Trust's Certificate of Trust certified by the Secretary of State of the State of Delaware as of June 30, 2026, and certified pursuant to the Secretary's Certificate as being in effect on the date of the resolutions referred to below and as of the date hereof (the "Certificate of Trust");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) a copy of the Trust's Agreement and Declaration of Trust, by the Board of Trustees of the Trust, dated as of August 15, 2008, as amended by Certificates of Amendment to the Trust's Agreement and Declaration of Trust, dated December 1, 2011 and March 28, 2014, by the Board of Trustees of the Trust, and certified pursuant to the Secretary's Certificate as being in effect on the date of the resolutions referred to below and as of the date hereof (as so amended, the "Declaration of Trust");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) a copy of the Trust's Second Amended and Restated By-Laws, as amended, and in effect as of the date hereof and certified pursuant to the Secretary's Certificate as being in effect on the date of the resolutions referred to below and as of the date hereof (the "By-Laws");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) copies of certain resolutions of the Board of Trustees of the Trust adopted on August 24, 2023 and June 29, 2026, relating to the registration of the Common Shares, the Shares and related matters, certified pursuant to the Secretary's Certificate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) a copy of a certificate, dated the date hereof, from the Secretary of State of the State of Delaware with respect to the Trust's existence and good standing in the State of Delaware; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) an executed copy of the Sales Agreement.

We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such records of the Trust and such agreements, certificates and receipts of public officials, certificates of officers or other representatives of the Trust and others, and such other documents as we have deemed necessary or appropriate as a basis for the opinions stated below.

GAMCO Natural Resources, Gold & Income Trust<br> June 30, 2026<br> Page 3

In our examination, we have assumed the genuineness of all signatures, including electronic signatures, the legal capacity and competency of all natural persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents submitted to us as facsimile, electronic, certified or photocopied copies, and the authenticity of the originals of such copies. As to any facts relevant to the opinions stated herein that we did not independently establish or verify, we have relied upon statements and representations of officers and other representatives of the Trust and others and of public officials, including the facts and conclusions set forth in the Secretary's Certificate and the factual representations and warranties contained in the Sales Agreement.

We do not express any opinion with respect to the laws of any jurisdiction other than the DSTA. The Shares may be issued from time to time on a delayed or continuous basis, and this opinion is limited to the laws, including the rules and regulations, as in effect on the date hereof, which laws are subject to change with possible retroactive effect.

As used herein, "Organizational Documents" means the Certificate of Trust, the Declaration of Trust and the By-Laws.

Based upon the foregoing and subject to the qualifications and assumptions stated herein, we are of the opinion that the Shares have been duly authorized by all requisite statutory trust action on the part of the Trust under the DSTA and, when the Shares are issued and sold in accordance with the provisions of the Sales Agreement upon payment of the consideration therefor determined by the Board of Trustees, the Shares will be validly issued and fully paid and under the DSTA, the holders of the Shares will have no obligation to make further payments for the purchase of such Shares or contributions to the Trust solely by reason of their ownership of such Shares except as provided in Article VIII, Section 2 of the Declaration of Trust and except for their obligation to repay any funds wrongfully distributed to them.

In addition, in rendering the foregoing opinions we have also assumed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Organizational Documents constitute the only governing instruments, as defined under the DSTA, of the Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Trust has, and since the time of its formation has had, at least one validly admitted and existing trustee of the Trust satisfying the requirements of the DSTA;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) (i) no procedures have been instituted for and no other event has occurred, including, without limitation, any action taken by the Trust or its Board of Trustees or shareholders, that would result in the liquidation, dissolution or winding-up of the Trust, (ii) no event has occurred that has adversely affected the good standing of the Trust under the laws of its jurisdiction of formation, and the Trust has taken all actions required by the laws of its jurisdiction of formation to maintain such good standing, and (iii) no grounds exist for the revocation or forfeiture of the Certificate of Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any Shares issued and sold pursuant to the Sales Agreement are sold at a price that is not below either (i) the par value per Common Share or (ii) the then current net asset value per Common Share, exclusive of any distributing commission or discount, which net asset value shall be determined as of a time within forty-eight hours, excluding Sundays and holidays, next preceding the time of such determination.

GAMCO Natural Resources, Gold & Income Trust<br> June 30, 2026<br> Page 4

We hereby consent to the reference to our firm under the heading "Legal Matters" in the prospectus forming part of the Registration Statement and "General Information—Legal Matters" in the statement of additional information forming part of the Registration Statement. We also hereby consent to the filing of this opinion letter with the Commission as an exhibit to the Registration Statement. In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Securities Act Rules and Regulations. This opinion letter is expressed as of the date hereof unless otherwise expressly stated, and we disclaim any undertaking to advise you of any subsequent changes in the facts stated or assumed herein or of any subsequent changes in applicable laws.

---

| |
|:---|
| Very truly yours, |
| /s/ Skadden, Arps, Slate, Meagher & Flom LLP |

---

KTH