||Gabelli Merger Plus+ Trust Plc
||Gabelli Funds, LLC
||England, Ireland, Italy, Spain, Germany
|ADDRESS OF REGISTERED OFFICE
||3 St James's Place
London SW1A 1NP
||The Company’s primary investment objective is to seek to generate total return, consisting of capital appreciation and current income. The Company will seek a secondary objective of the protection of capital, uncorrelated to equity and fixed income markets.
|BOARD OF DIRECTORS
||Board of Directors comprising of Marc Gabelli (Chairman), Marco Maria Bianconi, John Birch, Yuji Sugimoto, James Scrymgeour-Wedderburn, John Newlands
||GMP.LN, GMPP.LN – Specialist Fund Segment of the London Stock Exchange
|FREQUENCY OF NAV
||The IC will have authority to have a maximum gearing of 2.5 times of Net Asset Value that will be used selectively; Anticipated up to 2x
|FEES & ONGOING COSTS
||0.85% Annual Management Fee on the Daily Net Asset Value.
20% Annual Incentive Fee with HWM & Hurdle
||The Company has been established with an unlimited life. The Articles provide, however, that a continuation resolution be put to Shareholders as an ordinary resolution at the first annual general meeting of the Company to be held following the fifth anniversary of Admission.
Loyalty Share: Additional vote after 5 years as a registered shareholder of the Loyalty Registry
The Company conducts its affairs so that its shares can be recommended by independent financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investments and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA’s restrictions which apply to non-mainstream pooled investments because they are shares in an investment trust.