Gabelli Go Anywhere Trust to Redeem Its Outstanding Series A Cumulative Puttable and Callable Preferred Shares

Rhea-AI Summary

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.

Positive

• None.

Negative

• Redemption of all Series A Preferred Shares may indicate a shift in capital structure, potentially reducing overall liquidity.
• Holders of the Series A Preferred Shares will lose their rights and dividend payments upon redemption.

The Board of Trustees of The Gabelli Go Anywhere Trust (NYSE American:GGO) (the “Fund”) authorized the redemption of all outstanding Series A Cumulative Puttable and Callable Preferred Shares (the “Series A Preferred”). The Series A Preferred Shares will be redeemed at $40.0055 per share (the “Redemption Price”), which consists of a liquidation preference of $40.00 per share plus $0.0055 per share representing accumulated and unpaid dividends and distributions to the redemption date of September 27, 2021 (the “Redemption Date”).

The Series A Preferred Shares trade on the NYSE American under the symbol “GGO.A”. From and after the date of redemption, the Series A Preferred Shares being redeemed will no longer be deemed outstanding, dividends and distributions will cease to accumulate and all the rights of the holders of the Series A Preferred Shares with respect to the Series A Preferred Shares will cease, except the right to receive the Redemption Price, without interest.

Questions relating to, and requests for additional copies of, the notice of redemption and the related materials should be directed to the Fund at 800-GABELLI (800-422-3554) or (914) 921-5070.

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 PrA
CUSIP – 36250J208

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FAQ

What is the redemption price for the Series A Preferred Shares of GGO?

The redemption price is $40.0055 per share, including accumulated dividends.

When is the redemption date for the Series A Preferred Shares of Gabelli Go Anywhere Trust?

The redemption date is set for September 27, 2021.

What happens to the Series A Preferred Shares after the redemption date?

The shares will no longer be deemed outstanding, and all rights except for receiving the redemption price will cease.

What is the stock symbol for Gabelli Go Anywhere Trust?

The stock symbol for Gabelli Go Anywhere Trust is GGO.

What does GBL symbolize in relation to Gabelli Go Anywhere Trust?

GBL represents GAMCO Investors, Inc., the parent company of Gabelli Funds, LLC, which manages the Trust.