The Gabelli Global Small and Mid Cap Value Trust is registered as a diversified closed-end management investment company. The Fund's investment objective is to seek long term growth of capital. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities (such as common stock and preferred stock) of companies with small or medium sized market capitalizations (small cap and mid cap companies, respectively) and at least 40% of its total assets in the equity securities of companies located outside the United States and in at least three countries.

Preferred: GGZ.PRA