Gabelli Go Anywhere Trust Announces Results of Common Share Tender Offer 97% of Shares Tendered

Rhea-AI Summary

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.

Positive

• Fund purchased 97% of outstanding shares, indicating strong investor interest.
• Offer price was equivalent to 100% of the net asset value, ensuring fair value for shareholders.

Negative

• None.

RYE, N.Y.--(BUSINESS WIRE)-- The Board of Trustees of The Gabelli Go Anywhere Trust (NYSE American: GGO) (the “Fund”) is pleased to announce the final results of the Fund’s offer to purchase all of the issued and outstanding common shares of the Fund at a purchase price of 100% of the net asset value per common share determined on the last business date prior to the expiration date of September 30, 2021 (the “Offer”). The net asset value of the Fund on September 29, 2021 was $16.7580 per share.

The Fund received tenders for 97% of the outstanding common shares in the Offer. The Fund anticipates paying the proceeds of the Offer on or about October 4, 2021.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information regarding the Fund’s distribution policy and other information about the Fund is available by calling 800-GABELLI (800-422-3554) or visiting www.gabelli.com.

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).

NYSE American:GGO
CUSIP – 36250J109

View source version on businesswire.com: https://www.businesswire.com/news/home/20211001005454/en/

For Information:

David Schachter

(914)-921-5057

Source: The Gabelli Go Anywhere Trust

FAQ

What was the purchase price per share for Gabelli Go Anywhere Trust?

The purchase price per share was $16.7580, the net asset value as of September 29, 2021.

When will payouts from the Gabelli Go Anywhere Trust's tender offer be made?

Payments are expected to be made on or about October 4, 2021.

How much of the Gabelli Go Anywhere Trust's shares were tendered?

The Fund received tenders for 97% of its outstanding common shares.

What is the main investment objective of the Gabelli Go Anywhere Trust?

The primary investment objective is total return, focusing on capital appreciation and current income.