Two-thirds of GVP shareholders voted against continuation of the trust in July
Associated Capital Group has claimed a vote to liquidate the Gabelli Value Plus+ Trust (GVP) would be short-sighted, as it confirmed it would abstain from voting on whether the trust should be discontinued and, ultimately, liquidated.
The GVP board announced on Monday (8 February) morning it would convene a general meeting in July, followed by a special resolution, to place the vehicle into members’ voluntary liquidation.
The board said ACG, the trust’s largest shareholder – which owns a 27.4% stake – would abstain on voting on these resolutions, having blocked liquidation for several months.
ACG tells ’emotional’ GVP shareholders…
Read the full article at: https://www.investmentweek.co.uk/news/4026831/update-acg-maintains-gvp-liquidation-short-sighted
