GBL - GBL STOCK NEWS

The Gabelli Dividend & Income Trust (NYSE:GDV) announced an offering of six million 4.25% Series K Cumulative Preferred Shares, totaling $150 million. The offering is set to close on October 7, 2021. Proceeds will be used to redeem Series G Preferred Shares and purchase portfolio securities. The Series K Preferred shares will have a liquidation preference of $25 and will trade under the symbol 'GDV Pr K' starting December 26, 2021. The fund manages total assets of $2.9 billion aimed at providing high returns, primarily through dividends.

The Gabelli Go Anywhere Trust (NYSE American: GGO) announced the conclusion of its offer to purchase all outstanding common shares for 100% of the net asset value, which was $16.7580 per share as of September 29, 2021. The Fund received tenders for 97% of its shares and anticipates making payments around October 4, 2021. The Gabelli Go Anywhere Trust is a closed-end investment company focused on achieving total returns through capital appreciation and current income, managed by Gabelli Funds, LLC.

The Gabelli Go Anywhere Trust (NYSE American: GGO) announced an increase in its cash purchase price for all outstanding common shares from 98% to 100% of the net asset value. Alongside this, the expiration date of the offer has been extended from September 24, 2021, to September 30, 2021. This extension aims to give shareholders additional time to assess the offer, allowing those who previously tendered their shares to receive the new purchase price without needing to act further. Details of the offer can be found in the Tender Offer Statement filed with the SEC.

Gabelli Funds, LLC will host the 45th Annual Auto Symposium on November 1-2, 2021, at the Waldorf Astoria in Las Vegas. The event will feature presentations from senior management of key automotive companies, focusing on the electric vehicle (EV) market and technological innovations. A live webcast will also be available for those unable to attend in person. Investors interested in participating can register through the provided link.

This symposium highlights the evolving dynamics of the automotive industry and emerging technologies.

The Gabelli Multimedia Trust Inc. (NYSE:GGT) has completed a transferable rights offering, issuing approximately 1.9 million shares and generating gross proceeds of about $18 million. Each shareholder received one right for every share held as of July 13, 2021, allowing them to purchase shares at $9.50 each by submitting four rights. The offering closed on August 25, 2021, with shares expected to be issued by August 31, 2021. New shares will not be eligible for the quarterly distribution on September 23, 2021.

Gabelli Funds will host the 27th Annual Aerospace & Defense Symposium on September 9, 2021, starting at 8:00 AM at Lotte New York Palace and virtually via webcast. The event will feature presentations from senior management of top aerospace and defense companies, focusing on industry dynamics and new technologies. Presenting companies include Haynes International (NASDAQ: HAYN) and Mynaric AG (Frankfurt: M0Y-F).

For registration, visit: https://gabelli.zoom.us/webinar/register/WN_ZDjQ0J1-Rz2GSad3S4uxLw

The Gabelli Go Anywhere Trust (NYSE: GGO) has announced a tender offer to buy back its common shares at 98% of the net asset value. The offer is set to expire on September 24, 2021, with a shareholder distribution of $0.05 per share scheduled for September 23, 2021. Additionally, the Fund will redeem its Series A Preferred Shares at $40 each on September 27, 2021, alongside a $0.50 distribution and accumulated dividends. The Fund's distributions in 2021 are expected to consist of approximately 2% from net investment income and 98% from net capital gains.

Gabelli Funds will host the 27th Annual Aerospace & Defense Symposium on September 9, 2021, at Lotte New York Palace, starting at 8:00 AM. Participants can attend in person or virtually via webcast. This event will feature senior management presentations from leading aerospace and defense companies, focusing on industry dynamics, new technologies, and company fundamentals. Companies presenting include AAR Corp. (NYSE: AIR), Astronics Corp. (NASDAQ: ATRO), and Crane Co. (NYSE: CR), among others.

GAMCO Investors (NYSE: GBL) reported robust second quarter results for 2021, with revenues reaching $75.6 million, a significant increase from $57.6 million in Q2 2020. Operating income rose to $24.8 million, compared to $18.8 million last year. Net income was $17.1 million, yielding diluted earnings of $0.64 per share. Assets Under Management (AUM) increased to $34.6 billion from $29.4 billion year-over-year. With a healthy balance sheet, GAMCO also returned value to shareholders through a $2.00 special dividend and share repurchases totaling $3.5 million.