| REGISTERED NAME |
Gabelli Merger Plus+ Trust Plc |
| INVESTMENT MANAGER |
Gabelli Funds, LLC |
| AIFMD PASSPORT |
England, Ireland, Italy, Spain, Germany |
| REGISTERED NUMBER |
10747219 |
| ADDRESS OF REGISTERED OFFICE |
3 St James's Place
London SW1A 1NP
United Kingdom |
| INVESTMENT OBJECTIVE |
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 |
| DIVIDEND FREQUENCY |
5% annual dividend paid quarterly |
| LISTING |
GMP.LN, GMPP.LN – Specialist Fund Segment of the London Stock Exchange |
| BASE CURRENCY |
USD |
| FREQUENCY OF NAV |
Daily |
| GEARING |
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 |
| DISCOUNT CONTROL |
Buyback policy at 7.5% to NAV |
| CONTINUATION PROVISIONS |
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 PROGRAM
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Loyalty Share: Additional vote after 5 years as a registered shareholder of the Loyalty Registry
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| NMPI STATUS
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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.
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