The Gabelli Go Anywhere Trust (the “Fund”) is extending its initial
public offering. The offering now expires at 5:00 PM, Eastern Time, on
August 11, 2015. Pursuant to the terms of the offering set forth in the
Fund's prospectus, there will be no further extensions.
The Fund’s primary investment objective is total return, consisting of
capital appreciation and current income. Under normal market conditions,
the Fund intends to invest primarily in a broad range of equity
securities consisting of common stock, preferred stock, convertible or
exchangeable securities, and, to a lesser extent, in debt securities.
The Fund may also invest up to 40% of its total assets in common and
preferred equity securities issued by other closed-end management
investment companies.
The Fund is offering a combination of both common and preferred shares
which are anticipated to trade on the New York Stock Exchange or NYSE
MKT. Shareholders will be required to purchase a “Combination” of 3
common shares and 1 Series A Cumulative Puttable and Callable Preferred
Shares (the “Series A Preferred Shares”).
The Combination is being offered at $100 per share (equating to three
common shares at $20 per share plus $40 (liquidation preference) for one
Series A Preferred Share).
The Fund will trade as a Combination for 60 days; thereafter separate
trading for the common shares and Series A Preferred Shares will
commence and the Combination will be delisted.
The lead underwriter of the offering is G.research, LLC.
It is anticipated that Gabelli Funds, LLC or its affiliates will
participate in the offering.
The information herein is not complete and is subject to change. This
document is not an offer to sell these securities and is not soliciting
an offer to buy these securities in any jurisdiction where the offer or
sale is not permitted. This document is not an offering, which can only
be made by a prospectus. Investors should carefully consider the
Fund’s investment objective, risks, charges and expenses before
investing. The prospectus contains this and other information about the
offering, and should be read carefully before investing. To
obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
Closed-end funds involve risk for investors. Closed-end funds are traded
on the secondary market through a stock exchange. The closed-end fund's
investment return and principal value will fluctuate so that an
investor's shares may be worth more or less than the original cost.
Shares of closed-end funds may trade above (a premium) or below (a
discount) the net asset value (NAV) of the fund's portfolio. The
distribution rate of the preferred shares is based on the $40
liquidation preference. Payment of distributions is not assured and is
made only when declared by the Fund’s Board of Trustees. A portion of
any planned distributions may be a return of capital, which may have the
effect of increasing the Fund’s existing leverage. The distributions
that include a return of capital should not be considered as dividend
yield nor as part of the total return of an investment in the Fund.
The market price for a closed-end fund is based on supply and demand
which fluctuates daily based on many factors, such as economic
conditions and global events, investor sentiment, and security specific
factors. The possibility of a market decline should be considered market
risk. There is no assurance that the Fund will achieve its investment
objective and you can lose money by investing in a closed-end fund. Past
performance does not guarantee future results.
The use of leverage, which can be described as exposure to changes in
price at a ratio greater than the amount of equity invested, through the
issuance of preferred shares, magnifies both the favorable and
unfavorable effects of price movements in the investments made by the
Fund. The Fund’s use of leverage in its investment operations subjects
it to substantial risk of loss.
GAMCO Investors, Inc. (NYSE:GBL), through its subsidiaries, manages
assets of private advisory accounts (GAMCO), mutual funds and closed-end
funds (Gabelli Funds, LLC), and partnerships and offshore funds
(Investment Partnerships) and is known for its Private Market Value with
a Catalyst™ style of investment. As of March 31, 2015, GAMCO Investors,
Inc. had $46.5 billion in assets under management. Further information
can be found at www.gabelli.com.
NOT FDIC-INSURED NOT BANK
GUARANTEED MAY LOSE VALUE
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