||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
||5% annual dividend paid quarterly
||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
||Buyback policy at 7.5% to NAV
||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