Gabelli Go Anywhere Trust Declares First Quarter Distribution of $0.05 Per Share
25 Febbraio 2021 - 4:40PM
Business Wire
The Board of Trustees of The Gabelli Go Anywhere Trust (NYSE
American: GGO) (the “Fund”) declared a $0.05 per share cash
distribution payable on March 24, 2021 to common shareholders of
record on March 17, 2021.
The Fund’s distribution policy is to pay a quarterly
distribution of an amount to be determined by the Board of
Trustees. If necessary, the Fund will pay an adjusting distribution
in December which includes any additional income and net realized
capital gains in excess of the quarterly distributions for that
year to satisfy the minimum distribution requirements of the
Internal Revenue Code for regulated investment companies.
Each quarter, the Board of Trustees reviews the amount of any
potential distribution from the income, realized capital gain, or
capital available. The Board of Trustees will continue to monitor
the Fund’s distribution level, taking into consideration the Fund’s
net asset value and the financial market environment. The Fund’s
distribution policy is subject to modification by the Board of
Trustees at any time, and there can be no guarantee that the policy
will continue. The distribution rate should not be considered the
dividend yield or total return on an investment in the Fund.
In accordance with the Prospectus, The Gabelli Go Anywhere
Trust, not later than 30 days prior to the fifth anniversary of the
closing date of the offering (September 15, 2016), will commence a
cash tender offer (the “Fifth Anniversary Tender Offer”) for any
and all of the common shares at a price per common share determined
by the Board of Trustees and expressed as a percentage (but not
less than 95%) of the Net Asset Value per common share.
In addition, prior to purchasing common shares tendered pursuant
to the Fifth Anniversary Tender Offer, the Fund will, pursuant to
the terms of the Series A Preferred Shares, redeem any amount of
Series A Preferred Shares necessary to ensure that the Fund will
have “asset coverage,” as defined in the Investment Company Act of
1940 (the “1940 Act”), of at least 200% for the Series A Preferred
Shares after deducting the purchase price for the common shares to
be purchased in the Fifth Anniversary Tender Offer.
Commencing five years from the closing date of the offering
(September 15, 2016), and thereafter, to the extent permitted by
the 1940 Act and Delaware law, the Fund also may at any time upon
notice redeem the Series A Preferred Shares in whole or in part at
a price equal to the liquidation preference per share plus
accumulated but unpaid distributions through the date of
redemption.
All or part of the distribution may be treated as long-term
capital gain or qualified dividend income (or a combination of
both) for individuals, each subject to the maximum federal income
tax rate for long term capital gains, which is currently 20% in
taxable accounts for individuals (or less depending on an
individual’s tax bracket). In addition, certain U.S. shareholders
who are individuals, estates or trusts and whose income exceeds
certain thresholds will be required to pay a 3.8% Medicare
surcharge on their "net investment income", which includes
dividends received from the Fund and capital gains from the sale or
other disposition of shares of the Fund.
If the Fund does not generate sufficient earnings (dividends and
interest income, less expenses, and realized net capital gain)
equal to or in excess of the aggregate distributions paid by the
Fund in a given year, then the amount distributed in excess of the
Fund’s earnings would be deemed a return of capital. Since this
would be considered a return of a portion of a shareholder’s
original investment, it is generally not taxable and would be
treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment
company taxable income, and return of capital, if any, will be
allocated on a pro-rata basis to all distributions to common
shareholders for the year. Based on the accounting records of the
Fund currently available, the current distribution paid to common
shareholders in 2021 would include approximately 1% from net
investment income and 99% from net capital gains on a book basis.
This does not represent information for tax reporting purposes. The
estimated components of each distribution are updated and provided
to shareholders of record in a notice accompanying the distribution
and are available on our website (www.gabelli.com). The final
determination of the sources of all distributions in 2021 will be
made after year end and can vary from the quarterly estimates.
Shareholders should not draw any conclusions about the Fund’s
investment performance from the amount of the current distribution.
All individual shareholders with taxable accounts will receive
written notification regarding the components and tax treatment for
all 2021 distributions in early 2022 via Form 1099-DIV.
Investors should carefully consider the investment objectives,
risks, charges, and expenses of the Fund before investing. More
information regarding the Fund’s 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
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210225005791/en/
Investor Relations Contact: David Schachter (914) 921-5057
dschachter@gabelli.com
Grafico Azioni Gabelli Go Anywhere (AMEX:GGO)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Gabelli Go Anywhere (AMEX:GGO)
Storico
Da Dic 2023 a Dic 2024