As filed with the Securities and Exchange Commission on September 16, 2021
Investment Company Act File No. 811-23035
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE TO
(Amendment No. 3)
TENDER OFFER STATEMENT
(Under Section 14(d)(1) or 13(e)(1) of the
Securities Exchange Act of 1934)
The Gabelli Go Anywhere Trust
(Name of Subject Company (Issuer))
The Gabelli Go Anywhere Trust
(Names of Filing Person(s) (Offeror))
Common shares of beneficial interest, par value $0.001
(Title of Class of Securities)
36250J109
(CUSIP Number of Class of Securities)
Peter Goldstein, Esq.
The Gabelli Go Anywhere Trust
One Corporate Center
Rye, New York 10580-1422
Telephone: (800) 422-3554
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications on Behalf of Filing Person(s))
Copies to:
Thomas A. DeCapo, Esq.
Kenneth E. Burdon, Esq.
Skadden, Arps, Slate, Meagher & Flom LLP
500 Boylston Street
Boston, Massachusetts 02116
Calculation of Filing Fee
Transaction Value |
Amount of Filing Fee | |
$26,126,330.28(a) |
$2,850.38(b) |
(a) | Calculated solely for purposes of determining the amount of the filing fee. The amount is based upon the offer to purchase up to 1,546,852 shares of common stock in the offer based upon a price of $16.89 (100% of the net asset value per share on September 15, 2021). |
(b) | The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and the Fee Rate Advisory #1 for Fiscal Year 2021, equals $109.10 for each $1,000,000 of the value of the transaction. |
☒ | Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. |
Amount Previously Paid: |
$2,852.07 | |
Form or Registration No.: |
Schedule TO | |
Filing Party: |
The Gabelli Go Anywhere Trust | |
Date Filed: |
August 3, 2021 |
☐ | Check box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes to designate any transactions to which this statement relates:
☐ | third party tender offer subject to Rule 14d-1 |
☒ | issuer tender offer subject to Rule 13e-4 |
☐ | going-private transaction subject to Rule 13e-3 |
☐ | amendment to Schedule 13D under Rule 13d-2 |
Check the following box if the filing is a final amendment reporting the results of the tender offer.
Introductory Statement
This amendment no. 3 (this Amendment No. 3) amends and supplements the Tender Offer Statement on Schedule TO (together with any subsequent amendments and supplements thereto, the Schedule TO), filed with the Securities and Exchange Commission (the SEC) by The Gabelli Go Anywhere Trust (the Fund), a Delaware statutory trust, on August 3, 2021, relating to the offer by the Fund to purchase for cash any and all of the Funds outstanding common shares of beneficial interest, par value $0.001 per share (the Shares), upon the terms and subject to the conditions contained in the Offer to Purchase dated August 3, 2021 and the related Letter of Transmittal, as amended and supplemented by the Supplement to the Offer to Purchase, dated September 16, 2021, and filed herewith as Exhibit (a)(1)(iii) (the Supplement) (as may be further amended or supplemented from time to time), which collectively, as each may be amended or supplemented from time to time, constitute the Offer. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO, the Offer to Purchase or the Letter of Transmittal, as applicable.
The purpose of this Amendment No. 3 is to amend and supplement the terms of the Offer by, among other things, (i) increasing the purchase price at which the Fund is offering to purchase the Shares from a purchase price of 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) on the last business day prior to the day the offer expires (the Pricing Date) to 100% of the NAV per Share determined as of the close of regular trading session of the NYSE American on the Pricing Date, and (ii) extending the expiration date of the Offer to 5:00 p.m. Eastern time, September 30, 2021, unless otherwise extended, amended, or terminated.
All information in the Offer is incorporated herein by reference in response to all of the items of the Schedule TO, except that such information is hereby amended and supplemented to the extent specifically provided herein.
Items 1 through 11.
Items 1 through 11 of the Schedule TO are hereby amended and supplemented by the information set forth in the Supplement, which is incorporated by reference herein.
Item 12. Exhibits | |
(a)(1)(i) | ||
(a)(1)(ii) | ||
(a)(1)(iii) | Supplement to the Offer to Purchase, dated September 16, 2021.* | |
(a)(2) | None. | |
(a)(3) | Not Applicable. | |
(a)(4) | Not Applicable. | |
(a)(5)(i) | ||
(a)(5)(ii) | ||
(a)(5)(iii) | ||
(a)(5)(iv) | ||
(a)(5)(v) | ||
(b) | None. | |
(d)(1) | ||
(d)(2) | Investment Advisory Agreement between Registrant and Gabelli Funds, LLC.(7) | |
(d)(3) | ||
(d)(4) |
(g) | None. | |
(h) | None. | |
* | Filed herewith. |
(1) | Incorporated by reference to the Registrants Schedule TO-I, as filed with the SEC on August 3, 2021. |
(2) | Incorporated by reference to the Registrants Schedule TO-C, as filed with the SEC on May 14, 2021. |
(3) | Incorporated by reference to the Registrants Schedule TO-C, as filed with the SEC on August 2, 2021. |
(4) | Incorporated by reference to Amendment No. 1 to the Registrants Schedule TO-I, as filed with the SEC on August 19, 2021. |
(5) | Incorporated by reference to Amendment No. 2 to the Registrants Schedule TO-I, as filed with the SEC on August 23, 2021. |
(6) | Incorporated by reference to the Registrants 2020 annual report on Form N-CSR, as filed with the SEC on March 8, 2021. |
(7) | Incorporated by reference to Pre-Effective Amendment No. 2 to the Registrants Registration Statement on Form N-2, as filed with the SEC on May 12, 2015 (File Nos. 333- 202459 and 811-23035). |
(8) | Incorporated by reference to Pre-Effective Amendment No. 3 to the Registrants Registration Statement on Form N-2, as filed with the SEC on June 5, 2015 (File Nos. 333- 202459 and 811-23035). |
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
The Gabelli Go Anywhere Trust | ||
By: | /s/ John C. Ball | |
Name: John C. Ball | ||
Title: Treasurer and Principal Financial | ||
and Accounting Officer | ||
Dated: September 16, 2021 |
Exhibit Index
(a)(1)(iii) | Supplement to the Offer to Purchase, dated September 16, 2021. | |
(a)(5)(v) | Press release, dated September 16, 2021. |
THE GABELLI GO ANYWHERE TRUST
Supplement to the Offer to Purchase
Any and All of the Issued and Outstanding Common Shares of Beneficial Interest
of
The Gabelli Go Anywhere Trust
to
Increase the Purchase Price to 100% of Net Asset Value Per Share and
Extend the Expiration of the Offer to 5:00 p.m., Eastern Time, September 30, 2021, Unless Extended or Withdrawn
To the Common Shareholders of The Gabelli Go Anywhere Trust:
On September 3, 2021, The Gabelli Go Anywhere Trust, a non-diversified, closed-end management investment company organized as a Delaware statutory trust (the Fund), distributed an offer to purchase (the Original Offer to Purchase) and a related letter of transmittal (the Letter of Transmittal) in connection with its invitation to common shareholders to purchase all of its issued and outstanding common shares of beneficial interest, par value $0.001 per share (the Shares), in exchange for cash 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 Fund, by this supplement to the Original Offer to Purchase (this Supplement, and together with the Original Offer to Purchase, as the same may be further amended or supplemented from time to time, the Offer to Purchase), amends the Original Offer to Purchase. Each reference in the Original Offer to Purchase to the Purchase Price of 98% of the NAV per Share is hereby amended by replacing 98% with 100%, and each reference to the Expiration Date of September 24, 2021 is hereby amended by replacing it with September 30, 2021. This Supplement also reflects other revisions related to the change in the Purchase Price and the Expiration Date. All capitalized terms used but not defined herein shall have the meanings ascribed to them in the Original Offer to Purchase.
This Supplement should be read in conjunction with the Original Offer to Purchase and the Letter of Transmittal. This Supplement, the Original Offer to Purchase and the Letter of Transmittal collectively constitute the Offer. Except as amended and supplemented hereby, the information in the Original Offer to Purchase remains unchanged. To the extent there are any conflicts between the information in this Supplement and the information in the Original Offer to Purchase, the information in this Supplement hereby replaces and supersedes such information. The Letter of Transmittal you should have received in connection with the Original Offer to Purchase has not been amended in connection with this Supplement, and a new copy of the Letter of Transmittal has not been enclosed herewith. If you no longer have the Letter of Transmittal, please contact the Information Agent to request a new copy.
The Shares are traded on the NYSE American under the symbol GGO. As of September 15, 2021, the Fund had 1,546,852 Shares outstanding; its NAV per Share was $16.89 and its market price per Share was $16.71, representing a discount of 1.0% to NAV. The NAV on the Pricing Date may be higher or lower than the NAV as of September 15, 2021, and the discount to NAV at which the Shares trade may be greater or lesser than the discount as of September 15, 2021. During the pendency of the Offer, Shareholders may contact Morrow Sodali LLC, the Funds 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. The Investor Relations team may also be reached by calling (914) 921-5070 or by email (ClosedEnd@gabelli.com).
The Offer is subject to important terms and conditions, including the conditions listed under Section 4, Certain Conditions of the Offer.
Neither the Securities and Exchange Commission (the Commission) nor any state securities commission has approved or disapproved of the Offer, passed upon the fairness or merits of the Offer, or determined whether this Offer to Purchase is accurate or complete. Any representation to the contrary is a crime.
Supplement dated September 16, 2021
IMPORTANT INFORMATION
Shareholders who have previously validly tendered and not withdrawn their Shares do not need to re-tender their Shares or take any other action in response to this Supplement, and if such Shares are not withdrawn prior to the Expiration Date, such shareholders will receive the amended purchase price for their Shares.
Neither the Fund nor its Board of Trustees (the Board of Trustees or the Board) nor Gabelli Funds, LLC (the Investment Advisor) makes any recommendation to any shareholders as to whether to tender Shares for purchase or to refrain from tendering Shares in the Offer. No person has been authorized to make any recommendation on behalf of the Fund, its Board of Trustees or the Investment Advisor as to whether shareholders should tender Shares for purchase pursuant to the Offer or to make any representation or to give any information in connection with the Offer other than as contained herein. If made or given, any such recommendation, representation or information must not be relied upon as having been authorized by the Fund, its Board of Trustees or the Investment Advisor. Shareholders are urged to carefully evaluate all information in the Offer, consult their own investment and tax advisers and make their own decisions whether to tender their Shares for purchase or refrain from participating in the Offer.
The making of the Offer may, in some jurisdictions, be restricted or prohibited by applicable law. The Offer is not being made, directly or indirectly, in or into, and may not accepted from within, any jurisdiction in which the making of the Offer or the acceptance of the Offer would, absent prior registration, filing or qualification under applicable laws, not be in compliance with the laws of that jurisdiction. Accordingly, shareholders are required to inform themselves of and observe any such restrictions.
SUMMARY OF THE AMENDED OFFER
This summary highlights certain material information regarding the Offer, as amended, but you should realize that it does not describe all of the details of the Offer to the same extent described in the Original Offer to Purchase. We urge you to read the entire Original Offer to Purchase and the related Letter of Transmittal because they contain important information regarding the Offer.
What is the Offer?
The Fund is offering to purchase all of its issued and outstanding Shares. The Fund will pay cash for Shares purchased pursuant to the Offer. The Fund will purchase Shares at a price equal to 100% of the NAV per Share as of the close of regular trading session of the NYSE American on the Pricing Date. (See Section 1, Price; Number of Shares and Section 7, Payment for Shares.)
When will the Offer expire, and may the Offer be extended?
The Offer will expire at 5:00 p.m., Eastern time, on September 30, 2021, the Expiration Date, unless extended. The Fund may extend the offer period at any time. If it does, the Fund will determine the purchase price as of the close of ordinary trading on the NYSE American on the last business day prior to the new Expiration Date. The Fund may extend the period of time the Offer will be open by issuing a press release or making some other public announcement by no later than 9:00 a.m. Eastern time on the next business day after the Offer otherwise would have expired. (See Section 1, Price; Number of Shares.)
Will I have to pay anything to participate in the Offer?
Shares will be purchased at 100% of the Funds NAV. The Fund will not charge a separate service fee in conjunction with the Offer. If your Shares are held through a financial intermediary, the financial intermediary may charge a service fee for participation in the Offer. (See Section 1, Price; Number of Shares, Section 7, Payment for Shares and Section 17, Fees and Expenses.)
What is the NAV per Share as of a recent date?
On September 15, 2021, the Fund had 1,546,852 Shares outstanding; its NAV per Share was $16.89 and its market price per Share was $16.71, representing a discount of 1.0% to NAV. The NAV on the Pricing Date may be higher or lower than the NAV as of September 15, 2021, and the discount to NAV at which the Shares trade may be greater or lesser than the discount as of September 15, 2021. During the pendency of the Offer, Shareholders may contact Morrow Sodali LLC, the Funds 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. The Investor Relations team may also be reached by calling (914) 921-5070 or by email (ClosedEnd@gabelli.com). (See Section 10, Price Range of Shares.)
Will the Funds NAV per Share be higher or lower on the Pricing Date?
No one can accurately predict what the Funds NAV per Share will be at any future date. You should realize that the NAV on the Pricing Date may be higher or lower than the NAV as of September 15, 2021 set forth above.
Does the Fund have the financial resources to pay me for my Shares?
Yes. If the Fund purchased 1,546,852 Shares at a price per share of $16.89, equal to 100% of the NAV as of September 15, 2021, the Funds total cost, not including fees and expenses incurred in connection with the Offer, would be approximately $26.1 million. The Fund intends to first use cash on hand to pay for Shares tendered, and then intends to sell portfolio securities to raise any additional cash needed for the purchase of Shares.
As of September 15, 2021, the Fund had outstanding 285,267 Series A Cumulative Puttable and Callable Preferred Shares (Series A Preferred Shares), at a liquidation preference of $40 per share, for a total liquidation value of $11,410,680. On August 2, 2021, the Board authorized the redemption of all outstanding Series A Preferred Shares on September 27, 2021, to ensure that the Fund will have asset coverage, as defined in the Investment Company Act of 1940 (1940 Act), of at least 200% for the Series A Preferred Shares after deducting the purchase price for
the Shares to be purchased in the Offer, consistent with the requirements of the 1940 Act. The Series A Preferred Shares will be redeemed at $40.0055 per share, consisting of the liquidation preference of $40.00 per share, together with accumulated and unpaid dividends and distributions of $0.0055 per share to the redemption date.
The Fund has no intention to borrow money to finance the purchase of Shares in the Offer. (See Section 8, Source and Amount of Consideration.)
If I tendered shares under the Original Offer to Purchase and I do not wish to withdraw those shares, do I need to do anything further?
No. If you have previously tendered your shares, and you do not wish to withdraw the tender of those shares, you do not need to take any further action in response to this Supplement in order to receive the increased Purchase Price.
May I withdraw my Shares after I have tendered them for purchase, including under the Original Offer to Purchase, and, if so, by when?
Yes, you may withdraw all, but not less than all, of your tendered Shares at any time prior to 5:00 p.m., Eastern time, on September 30, 2021, which is the Expiration Date. In order for your withdrawal to be effective, you must submit or direct your Nominee to submit a withdrawal request to the Depositary prior to 5:00 p.m., Eastern time on the Expiration Date. You may resubmit withdrawn Shares by following the purchase procedures before the Offer expires, including during any extension period. (See Section 6, Withdrawal Rights.)
Does the Funds management recommend that shareholders participate in the Offer, and will management participate in the Offer?
None of the Fund, the Board of Trustees nor the Investment Advisor is making any recommendation to shareholders regarding whether to tender Shares for purchase or refrain from tendering Shares in the Offer. The Fund has been advised that, except as otherwise disclosed herein, neither its trustees, officers nor the Investment Advisor intend to tender any Shares pursuant to the Offer. (See Section 11, Interest of Trustees and Officers; Transactions and Arrangements Concerning the Shares.)
How do I obtain more information?
Questions and requests for assistance should be directed to the Information Agent at 470 West Avenue, 3rd Floor, Stamford, CT 06902 (telephone number: (203) 658-9400 or toll free: (800) 662-5200; email: GGO.info@investor.morrowsodali.com). Requests for additional copies of the Offer to Purchase, the Letter of Transmittal and all other Offer documents should also be directed to the Information Agent for the Offer. The Investor Relations team may also be reached by calling (914) 921-5070 or by email (ClosedEnd@gabelli.com).
Amendments to Specific Provisions
1. | Price; Number of Shares. |
Section 1 of the Original Offer to Purchase is amended and restated as follows:
Upon the terms and subject to the conditions of the Offer (including, if the Offer is extended or amended, the terms and conditions of any such extension or amendment), the Fund will accept for purchase, and pay for, all of the Funds outstanding Shares that are properly tendered and not timely withdrawn in accordance with Section 6 prior to the Expiration Date. The term Expiration Date means 5:00 p.m., Eastern time, on September 30, 2021, unless the Fund, in its sole discretion, extends the period during which the Offer is open, in which case Expiration Date shall mean the time and date on which the Offer, as so extended by the Fund, shall expire. The Fund reserves the right in its sole discretion and for any reason to amend, extend or terminate the Offer prior to the time the Offer expires. See Section 16, Amendments; Extensions of Purchase Period; Termination. The Fund will not be obligated to purchase Shares pursuant to the Offer under certain circumstances. See Section 4, Certain Conditions of the Offer.
The purchase price of the Shares will be 100% of the NAV per Share determined as of the close of the regular trading session of the NYSE American on the Pricing Date. On September 15, 2021, the NAV per Share was $16.89 and the last reported market price for a Share on the NYSE on such date was $16.71, representing a discount of 1.0% to NAV. The NAV on the Pricing Date may be higher or lower than the NAV as of September 15, 2021, and the discount to NAV at which the Shares trade may be greater or lesser than the discount as of September 15, 2021. During the pendency of the Offer, Shareholders may contact Morrow Sodali LLC, the Funds 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. Shareholders tendering Shares shall be entitled to receive all dividends with an ex date on or before the Expiration Date provided that they own Shares as of the record date for such dividend. Shareholders should be aware that, if they tender Shares pursuant to the Offer, tendered Shares will not be entitled to receive any Fund dividend or distribution with a record date on or after September 27, 2021.
The Offer is being made to all shareholders and is not conditioned upon shareholders tendering for purchase in the aggregate any minimum number of Shares.
Shares will be purchased at 100% of the Funds NAV on the Pricing Date. The Fund will not charge a separate service fee in conjunction with the Offer. If your Shares are held through a financial intermediary, the financial intermediary may charge a service fee for participation in the Offer. Tendering shareholders will not be obligated to pay transfer taxes on the purchase of Shares by the Fund, except in the circumstances set forth in Section 7, Payment for Shares.
On September 15, 2021, there were 1,546,852 Shares issued and outstanding, and there were approximately 284 holders of record of Shares. On September 15, 2021, there were 285,267 Series A Preferred Shares issued and outstanding. One of these record holders is a nominee for brokers, dealers, commercial banks, trust companies and other institutions that held legal title to Shares in street name on behalf of multiple beneficial owners. The Fund has been advised that, except as otherwise disclosed herein, neither its trustees, officers nor the Investment Advisor intend to tender any Shares pursuant to the Offer.
The Fund reserves the right, in its sole discretion, at any time or from time to time, to extend the period of time during which the Offer is open by giving notice of such extension to the Depositary and making a public announcement thereof. See Section 16, Amendments; Extensions of Purchase Period; Termination. The Fund makes no assurance that it will extend the Offer. During any extension, all Shares previously tendered and not withdrawn will remain subject to the Offer, subject to the right of a tendering shareholder to withdraw his or her Shares.
5. | Procedures for Tendering Shares for Purchase. |
Section 5.A of the Original Offer to Purchase is hereby amended to include the following paragraph after the third paragraph beginning with There are no guaranteed delivery procedures . . .:
The Letter of Transmittal has not been amended in connection with this Supplement, and a new copy of the Letter of Transmittal has not been enclosed herewith. If you no longer have the Letter of Transmittal you should have received in connection with the Original Offer to Purchase, please contact the Information Agent to request a new copy.
Although the Letter of Transmittal refers only to the Original Offer to Purchase (and the then current Purchase Price and Expiration Date of September 24, 2021), holders using such Letter of Transmittal to tender their Shares will be deemed to be tendering pursuant to the Offer and will receive the increased Purchase Price, subject to the terms and conditions of the Offer, including the Expiration Date of September 30, 2021.
6. | Withdrawal Rights. |
The first paragraph under Section 6 of the Original Offer to Purchase is hereby amended and restated as follows:
At any time prior to the Expiration Date, or after the Expiration Date to the extent the Shares have not yet been accepted for payment, any shareholder may withdraw all, but not less than all, of the Shares that the shareholder has tendered.
8. | Source and Amount of Consideration. |
The first paragraph of Section 8 of the Original Offer to Purchase is hereby amended and restated as follows:
The actual cost of the Offer to the Fund cannot be determined at this time because the number of Shares to be purchased will depend on the number of Shares tendered for purchase, and the price will be based on the NAV per Share on the Pricing Date. If shareholders tendered all Shares offered for purchase pursuant to the Offer, and the Fund purchased such Shares at a price per share of $16.89, equal to 100% of the NAV as of September 15, 2021, payments by the Fund to the participating shareholders would be approximately $26.1 million. See Section 9, Effects of the Offer; Consequences of Participation.
9. | Effects of the Offer; Consequences of Participation. |
The second paragraph of Section 9.F of the Original Offer to Purchase is hereby amended and restated as follows:
Separately, shareholders who decide to participate in the Offer and tender their Shares at the Purchase Price may be at a disadvantage if the Board determines to liquidate and dissolve the Fund after the conclusion of the Offer. Although the Fund will purchase Shares in the Offer at 100% of NAV, and would also be liquidated at 100% of NAV, any amounts distributed in connection with the Funds liquidation and dissolution, however, would also be reduced by the expenses of the Fund subsequent to the Offer (including liquidation expenses) and any reduction in the value of the Funds portfolio securities in connection with such liquidation and dissolution.
10. | Price Range of Shares. |
The second sentence in the second paragraph (the paragraph under the table) in Section 10 of the Original Offer to Purchase is hereby amended and restated as follows:
On September 15, 2021, the NAV per Share was $16.89 and the last reported market price for a Share on the NYSE American on such date was $16.71.
The Depositary for the Offer is:
Computershare Inc. and its wholly owned subsidiary, Computershare Trust Company, N.A.
By First Class Mail: | By Registered, Certified, or Express Mail, or Overnight Courier: | |
Computershare c/o Voluntary Corporate Actions PO Box 43011 Providence, RI 02940-3011 |
Computershare c/o Voluntary Corporate Actions 150 Royall St, Suite V Canton, MA 02021 |
Questions and requests for assistance may be directed to the Information Agent at the address set forth below. Additional copies of the Offer to Exchange, this Letter of Transmittal and other documents may be obtained from the Information Agent. You may also contact your bank, broker, dealer, trust company or other nominee for assistance concerning the Offer.
The Information Agent for the Offer is:
MORROW SODALI LLC
470 West Avenue, 3rd Floor
Stamford, CT 06902
Individuals, please call toll-free: (800) 662-5200
Banks and brokerage firms, please call: (203) 658-9400
Email: GGO.info@investor.morrowsodali.com
THE GABELLI GO ANYWHERE TRUST
September 16, 2021
|
THE GABELLI GO ANYWHERE TRUST Investor Relations Contact: David Schachter (914) 921-5057 dschachter@gabelli.com |
PRESS RELEASE
For Immediate Release
GABELLI GO ANYWHERE TRUST
INCREASES TENDER OFFER PRICE TO 100% OF NAV
EXTENDS EXPIRATION DATE TO SEPTEMBER 30, 2021
Rye, NY September 16, 2021 The Board of Trustees (the Board of Trustees) of The Gabelli Go Anywhere Trust (NYSE American: GGO) (the Fund) has increased the price to purchase for cash all of the Funds issued and outstanding common shares (the Offer). The purchase price has been increased from 98% to 100% of the net asset value per common share determined on the last business date prior to the expiration date of the Offer. In connection with the amendment to the purchase price, the Board of Trustees also extended the expiration date of the Offer from 5:00 p.m., Eastern Time, on September 24, 2021, to 5:00 p.m., Eastern Time, on September 30, 2021, to provide shareholders additional time to evaluate the Offer. The full terms and conditions of the Offer are set forth in the Offer to Purchase dated August 3, 2021, the Supplement to the Offer to Purchase dated September 16, 2021, the Letter of Transmittal and related materials, each as amended or supplemented from time to time.
Shareholders who have previously validly tendered and not withdrawn their Shares do not need to re-tender their Shares or take any other action, and if such Shares are not withdrawn prior to the expiration date of September 30, 2021, such shareholders will receive the amended purchase price for their Shares.
This press release is neither an offer to purchase nor a solicitation of an offer to sell any securities of the Fund. The Offer is being made only pursuant to the Tender Offer Statement on Schedule TO, including an Offer to Purchase, Letter of Transmittal and related materials that the Fund filed with the Securities and Exchange Commission (SEC) on August 3, 2021, and the Supplement to the Offer to Purchase being filed with the SEC on or about the date hereof. Shareholders of the Fund are urged to carefully read the Tender Offer Statement, Offer to Purchase, Supplement to the Offer to Purchase, Letter of Transmittal and related materials filed with the SEC because they contain important information, including the various terms of, and conditions to, the Offer. Investors may obtain free copies of the Tender Offer Statement and other documents filed with the SEC at the SECs 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 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 Funds 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
For Information:
David Schachter
914-921-5057