Gabelli Merger Plus+ Trust PLC, a newly incorporated close-ended public limited company, has begun trading on the Specialist Fund Segment of the London Stock Exchange’s Main Market. Gabelli Merger Plus+ Trust PLC raised gross proceeds of USD100,111,000.
Robert Barnes, Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group, says: “Welcoming the second Gabelli fund to our markets today is a milestone for the company, having successfully raised over $100 million and testament to the strength of the UK fund industry. London Stock Exchange continues to finance a variety of issuers from across the world, with over £4.4 billion listed in London by US fund managers in 2017 alone.Through London, global asset mangers have access to the deepest and most liquid pool of international investor capital.”
Marc Gabelli (pictured), Chairman, Merger Plus+ Trust, says: “We are delighted to bring this new offering to the global market as a London listing. We have been investing in announced merger situations for nearly forty years and found the UK plc Investment Trust structure to be an advantageous vehicle for international investors to access our approach to traditional merger arbitrage.”
