GAMCO Natural Resources, Gold & Income Trust Series A Pfd 2024年度报告

FORMN-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTEREDMANAGEMENT INVESTMENT COMPANIES Investment Company Act file number811-22216 Date of fiscal year end:December 31 Date of reporting period:December 31, 2024 Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission tostockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is notrequired to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management andBudget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions forreducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed thiscollection of information under the clearance requirements of 44 U.S.C. § 3507. Include a copy of the report transmitted to stockholders pursuant to Rule30e-1 under the Act (17 CFR 270.30e-1). The Report to Shareholders is attached herewith. GAMCO Natural Resources, Gold & Income TrustAnnual Report — December31, 2024 (Y)our Portfolio Management Team To Our Shareholders, For the year ended December31, 2024, the net asset value (NAV) total return of the GAMCO Natural Resources, Gold & Income Trust(the Fund) was 3.9%, compared with total returns of 20.1% and 10.8% for the Chicago Board Options Exchange (CBOE) Standard & Poor’s(S&P) 500 Buy/Write Index and the Philadelphia Gold & Silver Index (XAU), respectively. The total return for the Fund’s publicly tradedshares was 10.5%. The Fund’s NAV per share was $6.01, while the price of the publicly traded shares closed at $5.29 on the New YorkStock Exchange (NYSE). See page 3 for additional performance information. Enclosed are the financial statements, including the schedule of investments, as of December31, 2024. Investment Objective and Strategy (Unaudited) The GAMCO Natural Resources, Gold & Income Trust is a diversified, closed-end management investment company. The Fund’sinvestment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciationconsistent with the Fund’s strategy and primary objective. Under normal market conditions, the Fund will attempt to achieve its objectives byinvesting 80% of its assets in equity securities of companies principally engaged in natural resource and gold industries, and by writingcovered call options on the underlying equity securities. As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semiannual shareholder reportswill no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’swebsite (www.gabelli.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report. If youalready elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. To elect to receiveall future reports on paper free of charge, please contact your financial intermediary, or, if you invest directly with the Fund, you may call 800-422-3554 orsend an email request to info@gabelli.com. Performance Discussion (Unaudited) Gold stocks faced a rollercoaster ride in the first quarter of 2024. The Philadelphia Gold and Silver Index (XAU) tumbled 16.7% to a lowof 102.94 by February’s end, only to claw back 23.4% by the end of the quarter. Two drivers fueled this volatility, which the options marketsmissed. Rising inflation squeezed gold miners’ profits by increasing extraction costs, directly hitting company valuations. Traditionally, risingreal interest rates, which went from 1.7% to 2.02% during the quarter, dampened gold prices. The agricultural sector continued tounderperform this quarter, with the MVIS Global Agribusiness Index down 1.3%, despite the general market rise of 10%. At the end of the second quarter of 2024, implied volatility levels were largely unchanged. The gold sector ended the quarter at 32%,the base metals sector at 28%, and energy equities at 23%. The quarter continued to be challenging for the gold mining companies. Despitean overall bullish trend, the price of the underlying index, as represented by the Philadelphia Gold and Silver Index (XAU), first rallied 17.8%before correcting to -10%, to finish the quarter up 8.7%. The energy sector is clearly showing signs of demand contractio