Welcome to our dedicated page for GGO news (Ticker: GGO), a resource for investors and traders seeking the latest updates and insights on GGO stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GGO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GGO's position in the market.
The Gabelli Go Anywhere Trust (NYSE: GGO) has announced a Plan of Liquidation, set to take effect on October 28, 2021. Shareholders should note that the last trading date for shares will be on October 25, 2021, after which trading will cease. This liquidation may result in taxable gains or losses for shareholders, based on the final distribution and individual tax basis. Investors are advised to consult tax professionals regarding implications. Gabelli Go Anywhere Trust focuses on total return through capital appreciation and income.
The Gabelli Go Anywhere Trust (NYSE American:GGO) announced the adoption of a Plan of Liquidation and termination of the Fund, following a tender offer that repurchased approximately 97% of its outstanding common shares. This decision aligns with the provisions in the Fund's Declaration of Trust and reflects a significant movement toward concluding its financial operations.
Managed by Gabelli Funds, LLC, the Fund's investment strategy focused on total return through capital appreciation and current income.
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.
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.
The Board of Trustees of Gabelli Go Anywhere Trust (NYSE American: GGO) has authorized the redemption of all outstanding Series A Cumulative Puttable and Callable Preferred Shares. The shares will be redeemed at a price of $40.0055 each, which includes a liquidation preference and accumulated dividends. The redemption date is set for September 27, 2021. After this date, the shares will no longer be outstanding, and holders will cease to have rights except for the right to receive the redemption price.
The Gabelli Go Anywhere Trust (GGO) announced an issuer tender offer to buy back its common shares for cash. The offer starts on August 3, 2021, and ends on September 24, 2021. Shares will be purchased at 98% of the net asset value (NAV) determined just before the offer expires. As of July 30, 2021, GGO had 1,546,852 shares outstanding, with a NAV of $17.24 and a market price of $16.21, reflecting a 5.97% discount to NAV. Detailed terms will be provided in upcoming documents filed with the SEC.
The Gabelli Go Anywhere Trust (NYSE American: GGO) has announced a cash distribution of $0.50 per share, payable on June 28, 2021, to Series A preferred shareholders of record as of June 21, 2021. The Fund plans to redeem Series A Preferred Shares starting five years from September 15, 2016, at a price of $40.00 each, plus any unpaid distributions. Shareholders may be subject to long-term capital gains tax on the distribution, with an estimated 2% coming from net investment income and 98% from net capital gains.
The Gabelli Go Anywhere Trust (NYSE American: GGO) announced a cash distribution of $0.05 per share, effective June 23, 2021, to shareholders of record on June 16, 2021. The Board of Trustees reviews quarterly distributions, with provisions for adjusting distributions in December to meet Internal Revenue Code requirements. Additionally, a cash tender offer will commence by September 15, 2021, for common shares at a minimum of 95% of net asset value. The Fund's distribution policy is subject to change, and distributions may contain capital gains, which are subject to taxation.
