Gabelli group reports zero stake in New Royal Holdco I Inc. (NASDAQ: GDEN)

Rhea-AI Filing Summary

GAMCO- and Gabelli-affiliated entities filed an amended Schedule 13D for NEW ROYAL HOLDCO I INC., reporting that they now beneficially own 0 shares of the company’s common stock, representing 0.0% of the class.

The change follows completion of the acquisition of the issuer by VICI Properties, Inc., in which the issuer’s shareholders received 0.902 VICI shares for each issuer share on April 30, 2026. Numerous Gabelli-managed funds and related entities show final disposition or conversion of their positions on that date, leading the group to cease being beneficial owners of 5% or more of the issuer’s stock.

Key Figures

Beneficial ownership: 0.00 shares Ownership percentage: 0.0% Exchange ratio: 0.902 VICI shares per issuer share +3 more

6 metrics

Beneficial ownership 0.00 shares Aggregate amount beneficially owned by each reporting person

Ownership percentage 0.0% Percent of class represented by amount in Row (11)

Exchange ratio 0.902 VICI shares per issuer share Consideration in acquisition by VICI Properties, Inc.

Large disposition 1,030,762 shares GAMCO Asset Management Inc. transaction on April 30, 2026

Ceased 5% holder date April 30, 2026 Date reporting persons fell below 5% ownership

Sample trade price 28.5008 Per-share price for certain dispositions on April 27, 2026

Key Terms

beneficial ownership, Schedule 13D, Investment Advisers Act of 1940, broker-dealer, +1 more

5 terms

beneficial ownership financial

"the Reporting Persons no longer have beneficial ownership of any of the Issuer's shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Investment Advisers Act of 1940 regulatory

"GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940"

A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.

broker-dealer financial

"G.research, is a broker-dealer registered , as amended (1934 Act), which may as a part of its business purchase and sell securities"

A broker-dealer is a licensed firm or individual that both executes trades on behalf of clients (acting as a broker) and buys or sells securities for its own account (acting as a dealer). Investors care because broker-dealers provide the plumbing of markets — they place orders, hold or move cash and securities, offer research or advice, and their stability and fees directly affect trade execution, costs, and the safety of client funds; think of them as a combined travel agent and taxi for your investments.

UCITS financial

"The GAMCO International SICAV (sub-funds GAMCO Merger Arbitrage and GAMCO All Cap Value), a UCITS III vehicle"

UCITS is a European regulatory standard for pooled investment funds that sets common rules on how they are run, what they can invest in, and how they protect individual investors. Think of it like a certified recipe and passport for retail funds: it assures basic safeguards such as diversification, liquidity and clear reporting, which helps investors compare options, reduces risk of surprise practices, and makes funds easier to buy across borders.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

NEW ROYAL HOLDCO I INC.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

381013101

(CUSIP Number)

DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/30/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GAMCO INVESTORS, INC. ET AL

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GABELLI FUNDS LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GAMCO Asset Management Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GABELLI & Co INVESTMENT ADVISERS, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GABELLI FOUNDATION, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEVADA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

MJG ASSOCIATES, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

Teton Advisors, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GGCP, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

WYOMING

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

Associated Capital Group, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13D

CUSIP Number(s): 381013101

1

Name of reporting person

GABELLI MARIO J

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.01 par value
(b)	Name of Issuer: NEW ROYAL HOLDCO I INC.
(c)	Address of Issuer's Principal Executive Offices: 535 MADISON AVENUE, 535 MADISON AVENUE, NEW YORK, NEW YORK , 10022.
Item 2.	Identity and Background
(a)	This statement is being filed by one or more of the following persons: GGCP, Inc. (GGCP), GGCP Holdings LLC (GGCP Holdings), GAMCO Investors, Inc. (GBL), Associated Capital Group, Inc. (AC), Gabelli Funds, LLC (Gabelli Funds), GAMCO Asset Management Inc. (GAMCO), Teton Advisors, LLC (Teton Advisors), Keeley-Teton Advisors, LLC (Keeley-Teton), Gabelli & Company Investment Advisers, Inc. (GCIA), Morgan Group Holding Co., (MGH), G.research, LLC (G.research), MJG Associates, Inc. (MJG Associates), Gabelli Securities International (Bermuda) Limited (GSIL), Gabelli Foundation, Inc. (Foundation), Mario Gabelli, LICT and CIBL. Those of the foregoing persons signing this Schedule 13D are hereinafter referred to as the Reporting Persons.
(b)	GAMCO is a New York corporation and GBL and MGH are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. GGCP is a Wyoming corporation and AC and GCIA are Delaware corporations each having its principal business office 191 Mason Street, Greenwich, CT 06830. GGCP Holdings is a Delaware limited liability corporation having its principal business office at 191 Mason Street, Greenwich, CT 06830. G.research is a Delaware limited liability company having its principal officers at One Corporate Center, Rye, New York 10580. Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580. Teton Advisors is a Wyoming limited liability company having its principal place of business at 189 Mason Street, Greenwich, CT 06830. Keeley-Teton Advisors is a Delaware limited liability company having its principal place of business at 141 W. Jackson Blvd., Chicago, IL 60604. MJG Associates is a Connecticut corporation having its principal business office at 191 Mason Street, Greenwich, CT 06830. The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501. LICT is a Delaware corporation having its principal place of business as 401 Theodore Fremd Avenue, Rye, New York 10580. CIBL, Inc. is a Delaware corporation having its principal place of business as 165 West Liberty Street, Suite 220, Reno, NV 89501.
(c)	GGCP makes investments for its own account and is the manager and a member of GGCP Holdings which is the controlling shareholder of GBL and AC. GBL, a public company whose stock is quoted on the OTCQX platform, is the parent company for a variety of companies engaged in the securities business, including certain of those named below. AC, a public company listed on the New York Stock Exchange, is the parent company for a variety of companies engaged in the securities business, including certain of those listed below. GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940, as amended (Advisers Act). GAMCO is an investment manager providing discretionary managed account services for employee benefit plans, private investors, endowments, foundations and others. GCIA, a wholly owned subsidiary of AC, is an investment adviser registered under the Advisers Act and serves as a general partner or investment manager to limited partnerships and offshore investment companies and other accounts. As a part of its business, GCIA may purchase or sell securities for its own account. GCIA or its relying advisers, act as a general partner or investment manager of a number of funds or partnerships, including Gabelli Associates Fund, L.P., Gabelli Associates Fund II, L.P., Gabelli Associates Limited, Gabelli Associates Limited II E, Gabelli Intermediate Credit Fund L.P., GAMA Select Plus Master Fund, Ltd., GAMCO Medical Opportunities L.P., and Gabelli Multimedia Partners, L.P. G.research is a wholly owned subsidiary of MGH. G.research, is a broker-dealer registered under the Securities Exchange Act of 1934, as amended (1934 Act), which may as a part of its business purchase and sell securities for its own account. Gabelli Funds, a wholly owned subsidiary of GBL, is a limited liability company. Gabelli Funds is an investment adviser registered under the Advisers Act which provides advisory services for The Gabelli Equity Trust Inc., The Gabelli Asset Fund, The Gabelli Growth Fund, The Gabelli Convertible and Income Securities Fund Inc., The Gabelli Value 25 Fund Inc., The Gabelli Small Cap Growth Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The Gabelli Global Content & Connectivity Fund, The Gabelli Gold Fund, Inc., The Gabelli Multimedia Trust Inc., The Gabelli Global Rising Income & Dividend Fund, The Gabelli Capital Asset Fund, The Gabelli International Growth Fund, Inc., The Gabelli Global Growth Fund, The Gabelli Utility Trust, The Gabelli Utilities Fund, The Gabelli Dividend Growth Fund, The Gabelli Focused Growth and Income Fund, The Comstock Capital Value Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility & Income Trust, The GAMCO Global Gold, Natural Resources, & Income Trust, The GAMCO Natural Resources, Gold & Income Trust, The GDL Fund, Gabelli Enterprise Mergers & Acquisitions Fund, The Gabelli ESG Fund, Inc., The Gabelli International Small Cap Fund, The Gabelli Healthcare & Wellness Rx Trust, The Gabelli Global Small and Mid Cap Value Trust, Gabelli Merger Plus+ Trust Plc, The Gabelli Global Financial Services Fund, The Gabelli Global Mini Mites Fund, The Gabelli Media Mogul Fund, The Gabelli Pet Parents Fund, Keeley Small Cap Fund, The Gabelli U.S. Treasury Money Market Fund, Bancroft Fund Ltd. and Ellsworth Growth & Income Fund Ltd., Gabelli Growth Innovators ETF, Gabelli Love Our Planet & People ETF, Gabelli Automation ETF, Gabelli Commercial Aerospace & Defense ETF, Gabelli Financial Services Opportunities ETF (collectively, the Funds), which are registered investment companies. Gabelli Funds is also the investment adviser to The GAMCO International SICAV (sub-funds GAMCO Merger Arbitrage and GAMCO All Cap Value), a UCITS III vehicle. Teton Advisors, an investment adviser registered under the Advisers Act, provides discretionary advisory services to The TETON Westwood Mighty Mites Fund, The Teton Westwood Balanced Fund, and The TETON Westwood Equity Fund. The TETON Westwood Mighty Mites Fund is sub-advised by Gabelli Funds, and their holdings are included in this filing. Keeley-Teton, an investment adviser registered under the Advisers Act, provides discretionary advisory services to The TETON Convertible Securities Fund and their holding are included in this filing. MJG Associates provides advisory services to private investment partnerships and offshore funds. Mario Gabelli is the sole shareholder, director and employee of MJG Associates. MJG Associates is the Investment Manager of Gabelli International Limited and Gabelli Fund, LDC. Mario J. Gabelli is the general partner of Gabelli Performance Partnership, LP. The Foundation is a private foundation. Mario Gabelli is the Chairman, a Trustee and the Investment Manager of the Foundation. Elisa M. Wilson is the President of the Foundation. LICT is a holding company with operating subsidiaries engaged primarily in the rural telephone industry. LICT actively pursues new business ventures and acquisitions. LICT makes investments in marketable securities to preserve capital and maintain liquidity for financing their business activities and acquisitions and are not engaged in the business of investing, or trading in securities. Mario J. Gabelli is the Chief Executive Officer, a director, and substantial shareholder of LICT. CIBL is a holding company with interest in telecommunications operations, primarily in the rural telephone industry. CIBL actively pursues new business ventures and acquisitions. CIBL makes investments in marketable securities to preserve capital and maintain liquidity for financing their business activities and acquisitions and are not engaged in the business of investing, or trading in securities. Mario J. Gabelli is a director, and substantial shareholder of CIBL. Mario Gabelli is the controlling stockholder, co-Chief Executive Officer and a director of GGCP and Chairman and Chief Executive Officer of GBL. He is the Executive Chairman of AC. Mario Gabelli is also a member of GGCP Holdings. Mario Gabelli is the controlling shareholder of MGH and indirectly of Teton Advisors and Keeley-Teton Advisors.
(d)	Not applicable.
(e)	Not applicable.
(f)	United States
Item 5.	Interest in Securities of the Issuer
(a)	As a result of the completion of the acquisition of the Issuer by VICI Properties, Inc., the Reporting Persons no longer have beneficial ownership of any of the Issuer's shares.
(c)	Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth below: DATE SHARES PURCHASED PRICE /SOLD ASSOCIATED CAPITAL GROUP, INC. 4/30/2026 -14,049 *DO GABELLI & COMPANY INVESTMENT ADVISERS, INC GABELLI ASSOCIATES FUND 4/30/2026 -11,526 *DO 3/11/2026 200 27.7441 3/5/2026 524 28.5991 GABELLI ASSOCIATES FUND 4/30/2026 -39,206 *DO 3/11/2026 1,000 27.7441 3/5/2026 839 28.5991 GABELLI ASSOCIATES LIMITED II E 4/27/2026 -2,573 28.5008 4/24/2026 -2,233 28.3826 4/23/2026 -3,100 28.2902 4/22/2026 -1,100 28.0988 4/21/2026 -1,100 28.3964 4/17/2026 -2,600 28.4737 4/16/2026 -2,300 28.1197 4/13/2026 -2,600 28.0032 4/10/2026 -400 27.9916 4/9/2026 -2,600 27.9820 4/8/2026 -2,600 27.5657 4/7/2026 -300 27.2820 3/19/2026 -1,000 27.2248 3/11/2026 450 27.7441 3/5/2026 1,001 28.5991 GABELLI ASSOCIATES LIMITED 4/27/2026 -6,909 28.5008 4/24/2026 -6,256 28.3826 4/23/2026 -8,600 28.2902 4/22/2026 -2,900 28.0988 4/21/2026 -2,900 28.3964 4/17/2026 -7,100 28.4737 4/16/2026 -6,400 28.1197 4/13/2026 -7,200 28.0032 4/10/2026 -1,000 27.9916 4/9/2026 -7,000 27.9820 4/8/2026 -7,100 27.5657 4/7/2026 -3,100 27.2820 4/6/2026 -3,200 27.1386 3/19/2026 -3,200 27.2248 3/11/2026 1,650 27.7441 3/5/2026 2,636 28.5991 GABELLI MULTIMEDIA PARTNERS, LP 4/30/2026 -7,300 *DO GABELLI FOUNDATION, INC. 4/30/2026 -40,000 *DO GABELLI FUNDS, LLC GABELLI ABC FUND 4/30/2026 -23,000 *DO GAMCO ACV SICAV 4/30/2026 -1,700 *DO COMSTOCK CAPITAL VALUE FUND 4/30/2026 -2,000 *DO GABELLI ENTERPRISE M&A FUND 4/30/2026 -5,000 *DO GABELLI MERCHANT PARTNERS PLC 4/27/2026 -1,142 28.5008 4/24/2026 -864 28.3826 4/23/2026 -1,300 28.2902 4/22/2026 -400 28.0988 4/21/2026 -400 28.3964 4/17/2026 -1,100 28.4737 4/16/2026 -1,000 28.1197 4/13/2026 -1,100 28.0032 4/10/2026 -100 27.9916 4/9/2026 -1,100 27.9820 4/8/2026 -1,100 27.5657 4/7/2026 -400 27.2820 4/6/2026 -700 27.1386 3/19/2026 -400 27.2248 3/11/2026 550 27.7441 GAMCO MERGER ARBITRAGE UCITS 4/27/2026 -14,186 28.5008 4/24/2026 -10,647 28.3826 4/23/2026 -17,000 28.2902 4/22/2026 -5,600 28.0988 4/21/2026 -5,600 28.3964 4/17/2026 -14,200 28.4737 4/16/2026 -15,300 28.1197 4/13/2026 -14,100 28.0032 4/10/2026 -2,581 27.9916 4/9/2026 -14,300 27.9820 4/8/2026 -14,200 27.5657 4/7/2026 -6,200 27.2820 4/6/2026 -6,100 27.1386 3/19/2026 -5,400 27.2248 3/11/2026 6,150 27.7441 GDL FUND 4/30/2026 -36,000 *DO GABELLI DIVIDEND & INCOME TRUST 4/30/2026 -27,000 *DO GABELLI MULTIMEDIA TRUST 4/30/2026 -25,000 *DO GABELLI GLOBAL SMALL & MIDCAP VALUE TRUST 4/30/2026 -20,000 *DO GABELLI SMALL CAP GROWTH FUND 4/30/2026 -134,000 *DO GAMCO ASSET MANAGEMENT INC. 4/30/2026 -1,030,762 *DO 4/14/2026 -100 28.2330 4/13/2026 -1,200 28.0000 4/1/2026 -2,200 26.8309 3/17/2026 500 27.9376 3/5/2026 5,000 28.6800 GGCP, INC. 4/30/2026 -8,000 *DO MJG ASSOCIATES, INC. GABELLI INTERNATIONAL LIMITED 4/30/2026 -2,000 *DO GABELLI FUND, LDC 4/30/2026 -1,900 *DO MARIO J. GABELLI 4/30/2026 -10,200 *DO 3/17/2026 300 27.7500 TETON ADVISORS, INC. TETON WESTWOOD MIGHTY MITES FUND 4/30/2026 -50,000 *DO THE TRANSACTIONS ON 4/30/2026 ARE A RESULT OF THE COMPLETION OF THE ACQUISITION OF THE ISSUER BY VICI PROPERTIES IN WHICH THE ISSUER'S SHARE- HOLDERS RECEIVED 0.902 VICI SHARES FOR EACH SHARE OF THE ISSUER HELD.
(e)	The Reporting Persons ceased to be beneficial owners of 5% or more of the Issuer's common stock on April 30, 2026.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

GAMCO INVESTORS, INC. ET AL

Signature:	PETER D. GOLDSTEIN
Name/Title:	CHIEF LEGAL OFFICER
Date:	05/04/2026

GABELLI FUNDS LLC

Signature:	DAVID GOLDMAN
Name/Title:	GENERAL COUNSEL
Date:	05/04/2026

GAMCO Asset Management Inc.

Signature:	DOUGLAS R. JAMIESON
Name/Title:	PRESIDENT
Date:	05/04/2026

GABELLI & Co INVESTMENT ADVISERS, INC.

Signature:	DOUGLAS R. JAMIESON
Name/Title:	PRESIDENT
Date:	05/04/2026

GABELLI FOUNDATION, INC.

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	05/04/2026

MJG ASSOCIATES, INC.

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	05/04/2026

Teton Advisors, Inc.

Signature:	DAVID GOLDMAN
Name/Title:	COUNSEL
Date:	05/04/2026

GGCP, INC.

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	05/04/2026

Associated Capital Group, Inc.

Signature:	PETER D. GOLDSTEIN
Name/Title:	CHIEF LEGAL OFFICER
Date:	05/04/2026

GABELLI MARIO J

Signature:	DAVID GOLDMAN
Name/Title:	ATTORNEY-IN-FACT
Date:	05/04/2026

FAQ

What did the GAMCO and Gabelli group disclose about NEW ROYAL HOLDCO I INC. (GDEN)?

They disclosed that all reporting entities now beneficially own 0 shares of NEW ROYAL HOLDCO I INC., representing 0.0% of the common stock, following the issuer’s acquisition by VICI Properties, Inc. and related share conversion.

Why did GAMCO-related entities report zero beneficial ownership in GDEN?

They reported zero ownership because the acquisition of NEW ROYAL HOLDCO I INC. by VICI Properties, Inc. closed, and issuer shareholders received 0.902 VICI shares for each issuer share, eliminating the group’s holdings in the target’s common stock.

When did the GAMCO and Gabelli reporting persons fall below 5% ownership in GDEN?

They state they ceased to be beneficial owners of 5% or more of NEW ROYAL HOLDCO I INC.’s common stock on April 30, 2026, coinciding with completion of the acquisition by VICI Properties, Inc.

What exchange ratio applied to GDEN shareholders in the VICI Properties acquisition?

The filing notes that NEW ROYAL HOLDCO I INC. shareholders received 0.902 VICI Properties, Inc. shares for each issuer share they held at closing, with many Gabelli-managed funds showing final transactions on April 30, 2026 based on this conversion.

Which major Gabelli-related entities were included as reporting persons in the GDEN Schedule 13D/A?

Reporting persons include GAMCO Investors, Inc., Gabelli Funds, LLC, GAMCO Asset Management Inc., GGCP, Inc., Associated Capital Group, Inc., various Gabelli funds and partnerships, and Mario J. Gabelli among others.