Gabelli Go Anywhere Trust Increases Tender Offer Price to 100% of NAV

Rhea-AI Summary

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.

Positive

• Increased cash purchase price from 98% to 100% of net asset value per share.
• Extended expiration date of the tender offer, providing more time for shareholder evaluation.

Negative

• None.

Extends Expiration Date to September 30, 2021

RYE, N.Y.--(BUSINESS WIRE)-- The Board of Trustees (the “Board of Trustees”) of The Gabelli Go Anywhere Trust (NYSE American: GGO) (the “Fund”) has increased the price to purchase for cash all of the Fund’s issued and outstanding common shares (the “Offer”). The purchase price has been increased from 98% to 100% of the net asset value per common share determined on the last business date prior to the expiration date of the Offer. In connection with the amendment to the purchase price, the Board of Trustees also extended the expiration date of the Offer from 5:00 p.m., Eastern Time, on September 24, 2021, to 5:00 p.m., Eastern Time, on September 30, 2021, to provide shareholders additional time to evaluate the Offer. The full terms and conditions of the Offer are set forth in the Offer to Purchase dated August 3, 2021, the Supplement to the Offer to Purchase dated September 16, 2021, the Letter of Transmittal and related materials, each as amended or supplemented from time to time.

Shareholders who have previously validly tendered and not withdrawn their Shares do not need to re-tender their Shares or take any other action, and if such Shares are not withdrawn prior to the expiration date of September 30, 2021, such shareholders will receive the amended purchase price for their Shares.

This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities of the Fund. The Offer is being made only pursuant to the Tender Offer Statement on Schedule TO, including an Offer to Purchase, Letter of Transmittal and related materials that the Fund filed with the Securities and Exchange Commission (“SEC”) on August 3, 2021, and the Supplement to the Offer to Purchase being filed with the SEC on or about the date hereof. Shareholders of the Fund are urged to carefully read the Tender Offer Statement, Offer to Purchase, Supplement to the Offer to Purchase, Letter of Transmittal and related materials filed with the SEC because they contain important information, including the various terms of, and conditions to, the Offer. Investors may obtain free copies of the Tender Offer Statement and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies of the Tender Offer Statement and other documents filed with the SEC may also be obtained by directing a request to: Gabelli Funds, or by calling (800) 422-3554.

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/20210916005758/en/

David Schachter

914-921-5057

Source: The Gabelli Go Anywhere Trust

FAQ

What is the new expiration date for the Gabelli Go Anywhere Trust's offer?

The new expiration date is September 30, 2021.

What is the increased purchase price for Gabelli Go Anywhere Trust's shares?

The purchase price has increased to 100% of the net asset value per common share.

What was the previous purchase price for Gabelli Go Anywhere Trust's shares?

The previous purchase price was 98% of the net asset value per common share.

What is the stock symbol for the Gabelli Go Anywhere Trust?

The stock symbol for the Gabelli Go Anywhere Trust is GGO.

When was the original offer made by the Gabelli Go Anywhere Trust?

The original offer was made on August 3, 2021.