Market Overview

Gabelli Merger Plus+ Trust Affirms Its 5% Dividend Policy


The Board of Directors of the Gabelli Merger Plus+ Trust (LON: GMP or
the "Company"), a listed merger arbitrage investment company affirms its
5% dividend policy into the next calendar year.

Gabelli Merger Plus+ Trust's objectives are to compound and preserve
wealth over time, while remaining non-correlated to the broad markets.
The portfolio of GMP is quoted in US Dollars.

Gabelli Funds, LLC (the "Portfolio Manager") highlights the rising rate
environment implying higher returns on mergers as spreads widen to
compensate arbitrageurs. In addition, the uncertainty created through
trade policy rhetoric and action, manifests through wider merger
spreads. The Portfolio Manager views this as an ongoing opportunity for
returns and is enthusiastic for opportunities to grow client wealth in
the years ahead.

"This market environment is well suited for our investment programme.
Merger investing is highly liquid, non-market correlated, and serves as
an alternative for investors to their traditional fixed income and
equity investments" said Ralph Rocco, a portfolio manager with Gabelli

"The markets are currently in the midst of a political mix in the United
States that remains a net positive for merger investments. Today's
increased broad market volatility enhances the opportunity to establish
merger positions for the prospect of improved returns. In addition, the
lower corporate taxes and capital gains rates continue the trend of a
robust M&A environment for a protracted period. All of this is expected
to bode well for GMP shareholders in the long term" he continues.

The Portfolio Manager and its affiliates have invested in mergers since
1977 and created the Gabelli Group's first dedicated announced merger
fund over 33 years ago. Its merger performance has grown client assets
at an annualised rate of 10.6 per cent gross and 7.5 per cent net since
inception of the dedicated merger portfolios in 1985.

Finally, the Board of Directors of GMP announced that Paolo Vicinelli, a
Director since the Company's inception, will not stand for re-election
at GMP's AGM. Mr. Vicinelli remains a portfolio manager of the Company.
The Chairman of the Board and fellow Directors thank Mr. Vicinelli for
his support and guidance since GMP's incorporation.

The Company believes that while its remaining Board offers significant
relevant strengths for shareholders, concurrently the Company's
Nomination Committee is undergoing a search for additional candidates
based in the U.K.

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
eighteen years under its division GAMCO UK. As of 31 March, 2018, GAMCO
had $40.9 billion in assets under management.

This press release is not an offer to sell or the solicitation of an
offer to buy any securities.


analysis in this press release may contain some forward-looking
statements. Forward looking statements give 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.").
Copies of the Prospectus will, following publication, be available for
non-US investors only from the Company's registered office.

Important Notice

The contents of this announcement, which has been prepared by and is
the sole responsibility of GAMCO Asset Management (UK) Limited, have
been approved by GAMCO Asset Management (UK) Limited solely for the
purposes of section 21(2)(b) of the Financial Services and Markets Act
2000 (as amended).

The information contained in this announcement is for background
purposes only and does not purport to be full or complete. No reliance
may or should be placed by any person for any purpose whatsoever on the
information contained in this announcement or on its completeness,
accuracy or fairness. The information in this announcement is subject to

This announcement does not constitute or form part of any offer or
invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for any shares or any other securities nor shall
it (or any part of it) or the fact of its distribution, form the basis
of, or be relied on in connection with, any contract therefor. The
placing of the shares and the distribution of this announcement and
other information in connection with placement and this announcement in
certain jurisdictions may be restricted by law and persons into whose
possession any document or other information referred to herein comes
should inform themselves about, and observe, any such restrictions. Any
failure to comply with these restrictions may constitute a violation of
the securities laws of any such jurisdiction.

In particular, neither this announcement, the publication in which it
is contained nor any copy of it may be made or transmitted in to the
United States of America (including its territories or possessions, any
state of the United States of America and the District of Columbia) (the
"United States") and this announcement does not constitute an offer for
sale of, or a solicitation to purchase or subscribe for any securities
in the United States. The securities referred to herein have not been
and will not be registered under the applicable securities laws of the
United States and, subject to certain exceptions, may not be offered or
sold within the United States. There will be no public offering of the
securities in the United States. Neither this announcement, the
publication in which it is contained nor any copy of it may be taken,
transmitted or distributed, directly or indirectly, into Canada, Japan,
Australia or South Africa or to any persons in any of those
jurisdictions or any other jurisdictions where to do so would constitute
a violation of the relevant laws of such jurisdiction.

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