Gabelli Go Anywhere Trust Announces Offer to Purchase Any and All Outstanding Common Shares
02 Agosto 2021 - 5:30PM
Business Wire
The Gabelli Go Anywhere Trust (NYSE American: GGO) (the “Fund”)
announced today that the Board of Trustees of the Fund has approved
an issuer tender offer to purchase for cash all of the Fund’s
issued and outstanding common shares of beneficial interest, par
value $0.001 per share (the “Shares”) (the “Offer”). The Offer will
commence on August 3, 2021, and will expire at 5:00 p.m., Eastern
time, on Friday, September 24, 2021, unless otherwise extended.
Subject to various terms and conditions described in offering
materials to be distributed to shareholders, purchases will be made
at a price equal to 98% of the net asset value (“NAV”) per Share
determined as of the close of the regular trading session of the
NYSE American LLC (the “NYSE American”), the principal market on
which the Shares are traded, on the last business day prior to the
day the offer expires (the “Pricing Date”). The terms and
conditions of the Offer will be set forth in an offer to purchase,
a related letter of transmittal, and related documents.
The Shares are traded on the NYSE American under the symbol
“GGO.” As of July 30, 2021, the Fund had 1,546,852 Shares
outstanding; its NAV per Share was $17.24 and its market price per
Share was $16.21, representing a discount of 5.97% to NAV. The NAV
on the Pricing Date may be higher or lower than the NAV as of July
30, 2021, and the discount to NAV at which the Shares trade may be
greater or lesser than the discount as of July 30, 2021. During the
pendency of the Offer, Shareholders may contact Morrow Sodali LLC,
the Fund’s Information Agent (the “Information Agent”), toll free
at (800) 662-5200, between 9:00 a.m. and 11:00 p.m., Eastern time,
Monday through Friday, to obtain the current NAV per share for the
Shares.
This press release is neither an offer to purchase nor a
solicitation of an offer to sell any securities of the Fund. The
solicitation and the offer to purchase common shares of the Fund
will be made pursuant to an offer to purchase and related materials
that the Fund intends to file with the SEC. At the time the Offer
is commenced, the Fund intends to file a Tender Offer Statement on
Schedule TO containing an offer to purchase, forms of letters of
transmittal and other documents relating to the Offer. The Fund
intends to mail these documents to the shareholders of the Fund.
These documents will contain important information about the Offer
and shareholders of the Fund are urged to read them carefully when
they become available. Investors may obtain free copies of the
Tender Offer Statement and other documents (when they become
available) filed with the SEC at the SEC’s web site at www.sec.gov.
In addition, free copies of the Tender Offer Statement and other
documents filed with the SEC may also be obtained after the
commencement of the Offer by directing a request to: Gabelli Funds,
or by calling (800) 422-3554.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing. More
information regarding the Fund’s distribution policy and other
information about the Fund is available by calling 800-GABELLI
(800-422-3554) or visiting www.gabelli.com.
About Gabelli Go Anywhere Trust
The Gabelli Go Anywhere Trust is a non-diversified, closed-end
management investment company whose primary investment objective is
total return, consisting of capital appreciation and current
income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of
GAMCO Investors, Inc. (NYSE:GBL).
NYSE American: GGO CUSIP – 36250J109
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David Schachter (914) 921-5057 dschachter@gabelli.com
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