The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") declared a year-end cash distribution, of an amount to be determined, payable on December 29, 2016 to common shareholders of record on December 21, 2016. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information regarding this and other information about the Fund is available by calling 800-GABELLI (800-422-3554) or visiting www.gabelli.com . The Gabelli Global Small and Mid Cap Value Trust is a diversified, closed-end management investment company with $127 million in total net assets whose primary investment objective is to achieve long-term capital growth of capital. Under normal market conditions, the Fund will invest 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. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).