Gabelli Value Plus+ Trust Plc - Appointment of Corporate Broker
22 June 2017 - 1:25AM
Business Wire
The Board of Directors (the “Board”) of The Gabelli Value Plus+
Trust Plc (LSE:GVP), a London Stock Exchange (LSE) listed
investment company, appoints Peel Hunt as GVP’s sole corporate
broker.
“We successfully launched GVP on the LSE in 2015. We look
forward to increasing the awareness of Gabelli’s unique offering
across the United Kingdom with this announcement,” noted GVP
portfolio manager Robert D. Leininger, CFA. “The Gabelli Value
Plus+ Trust offers UK investors access to Gabelli’s investment
methodology, which has materially outperformed the broad U.S.
market since 1977,” said Mr. Leininger.
“We at Gabelli are active, bottom up, value investors, and seek
real capital appreciation (relative to inflation) over the long
term, regardless of market cycles. We achieve returns by investing
in businesses, utilizing our proprietary Private Market Value
(“PMV”) with a CatalystTM methodology. PMV is the value that we
believe an informed buyer would be willing to pay to acquire an
entire company in a private transaction. Our team arrives at a PMV
valuation through the rigorous assessment of fundamentals sourced
from publicly available information and judgement gained from our
comprehensive knowledge of a variety of sectors. We focus on the
balance sheet, earnings, free cash flow, and the management of
companies. We are not index benchmarked, and we construct
portfolios agnostic of market capitalization and index weightings.
We have invested this way since 1977,” Mr. Leininger continued.
Gabelli Funds currently manages fourteen closed-end funds in the
U.S. The firm has been an innovator in the field of closed-end
funds dating back to the initial public offering of the Gabelli
Equity Trust in August, 1986.
GAMCO Investors Inc., through its subsidiaries, manages private
advisory accounts (GAMCO Asset Management Inc.), mutual funds and
closed-end funds (Gabelli Funds, LLC). Gabelli has operated in
London for more than seventeen years under its division GAMCO UK.
As of 31 March, 2017, GAMCO had $41.4 billion in assets under
management.
IMPORTANT DISCLAIMER
This is not an offer to sell any security nor is it a
solicitation of an offer to buy any security. Investors should
consider the investment objectives, risks, sales charges, and
expenses of the Fund carefully before investing. Past performance
does not guarantee future results.
SPECIAL NOTE REGARDING FORWARD-LOOKING
INFORMATION
Our disclosure and analysis in the press release may contain
some forward-looking statements. Forward-looking statements present
our current expectations or forecasts of future events. In
particular, these include statements relating to future actions,
future performance, and financial results. Although we believe that
we are basing our expectations and beliefs on reasonable
assumptions within the bounds of what we currently know about our
business and operations, there can be no assurance that our actual
results will not differ materially from what we expect or
believe.
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version on businesswire.com: http://www.businesswire.com/news/home/20170621005967/en/
GAMCO (UK)Carter Austin, +44 (0)20 3206
2100www.gabelli.co.uk
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