IN BRIEF: Gabelli Merger net asset value falls on deal-making slowdown
26th Oct 2022 12:21
Gabelli Merger Plus+ Trust PLC - dedicated merger fund that invests globally but has "emphasis" on US-traded securities - Net asset value per share at June 30 falls 5.9% to USD9.35 from USD9.94 a year ago, citing global economic environment. Pays unchanged full year dividend of 48 US cents each. NAV total return turns to negative 1.3% from positive 12% a year prior. Swings to a pretax loss of USD988,000 in the year ended June 30, from a profit of USD10.9 million. Read More