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Gabelli Go Anywhere Trust Announces Liquidation Date of October 28
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
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.
Positive
None.
Negative
Plan of Liquidation negatively impacts ongoing operations and shareholder investment returns.
Last trading date may lead to sudden capital shifts for investors.
RYE, N.Y.--(BUSINESS WIRE)--
The Board of Trustees of The Gabelli Go Anywhere Trust (NYSE American: GGO, the “Fund”) previously announced approval of a Plan of Liquidation (the “Liquidation”) and the termination of the Fund.
The payable date for the Liquidation is October 28, 2021 with a record date of October 25, 2021. The last trading date for the Fund’s shares on the NYSE American will be October 25, 2021 and trading of the Fund’s shares will be suspended thereafter.
Shareholders may recognize gain or loss for U.S. tax purposes as a result of the Liquidation. Gain or loss will generally be measured as the difference between the final liquidating distribution announced today and a shareholder’s tax basis in the shares of the Fund. Information regarding tax matters in this press release is for general information purposes only and does not constitute tax advice. Investors should consult their individual tax adviser regarding the tax treatment applicable to a liquidating distribution and any other payments received in connection with the liquidation.
About Gabelli Go Anywhere Trust
The Gabelli Go Anywhere Trust is a non-diversified, closed-end management investment company whose primary investment objective is total return, consisting of capital appreciation and current income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).
