Gabelli Asset Management open London trading

19 Jul, 2017

London Stock Exchange today welcomed Gabelli Merger Plus+ Trust PLC, a newly incorporated close-ended public limited company, to trading on the Specialist Fund Segment of the Main Market. Gabelli Merger Plus+ Trust PLC raised gross proceeds of $100,111,000.

Robert Barnes, Global Head of Primary Markets and CEO Turquoise, London Stock Exchange Group said: “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 managers have access to the deepest and most liquid pool of international investor capital.”

Marc Gabelli, Chairman, Merger Plus+ Trust said: “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.”