Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of The Gabelli Global Small and Mid Cap Value Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") declared a $0.16 per share cash distribution payable on June 23, 2020 to common shareholders of record on June 16, 2020.

The Gabelli Global Small and Mid Cap Value Trust (the "Fund") announces that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its Fund shareholders, employees, and trustees, as well as their families and communities, it will host the originally planned in-person 2020 Annual Meeting of Shareholders (the "Annual Meeting") at the Westchester Country Club, as a virtual meeting.