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About the company
Gabelli Merger Plus+ Trust Plc is a United Kingdom-based closed-ended investment company. The Company’s primary investment objective is to seek to generate a total return consisting of capital appreciation and current income for the long term. The Company will seek a secondary objective of the protection of capital, uncorrelated to equity and fixed-income markets. The Company invests for the long term as owners with an emphasis on cash generating, franchise companies, selling at a significant discount to ITS appraisal of their private market value. The Company may invest part of its net assets in cash and cash equivalents, money market instruments, bonds, commercial paper or other debt obligations with banks or other counterparties having at least a single A (or equivalent) credit rating from an internationally recognized rating agency or government and other public securities. Gabelli Funds, LLC is the portfolio manager of the Company.
- Revenue in USD (TTM)1.49m
- Net income in USD4.58m
- Incorporated2017
- Employees0.00
- LocationGabelli Merger Plus+ Trust Plc3 St. James's PlaceLONDON SW1A 1NPUnited KingdomGBR
- Phone+44 20 3206 2100
- Websitehttps://www.gabelli.co.uk/investment-products/gabelli-merger-plus/
Profile
| Management group(s) | Gabelli Funds LLC |
|---|---|
| AIC sector | Hedge Funds |
| ISIN | GB00BD8P0741 |
| Launch date | 19 Jul 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
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. To meet its investment objective by utilising the Gabelli Private Market Value (PMV) with a CatalystTM, investment methodology, maintaining a diversified portfolio of event merger arbitrage strategies to seek to create an optimal risk/ reward profile for the portfolio. The Company will invest globally although it is expected to have an emphasis on securities traded in the United States, predominantly equity securities issued by companies of any market capitalisation.
Managed by
| Ralph Rocco, Willis Brucker, Anthony Lombardi, William Gregorio, Paolo Vicinelli |
|---|
Management & contract fees
Annual management fee of 0.85% of NAV. Contract terminable no less than 3 months notice. The performance fee will be a sum equal to 20% of Adjusted NAV.
Peer analysis
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|---|---|---|
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| JPMorgan Emng Erp Mdl Est&Afrc Scrts PLC | 2.79m | 1.63m |
| Octopus Future Generations Vct PLC | -315.79k | -907.73k |
| Gabelli Merger Plus+ Trust PLC | 1.49m | 4.58m |
| Aquila Energy Efficiency Trust PLC | 0.00 | 401.68k |
| Hydrogenone Capital Growth PLC | 12.36m | 9.67m |
| AssetCo plc | 18.01m | -2.84m |
| Marwyn Value Investors Ltd | 6.43m | 6.42m |
| Marwyn Acquisition Company II Ltd | 0.00 | -3.93m |
