Gabelli Merger Plus+ Trust PLC - invests globally but has "emphasis" on US-traded securities - Says net asset value per share at June 30 year end rises 6.5% annually to USD9.94 from USD9.33. Maintains payout at USD0.48 per share. "The current investing environment is highly favourable for the company's strategies. Despite the potential for inflation, the big question is whether it is simply a result of backups caused by COVID, or the beginning of a longer-term embedded cycle," company says.
Current stock price: 600.50 pence
Year-to-date change: down 13%
By Eric Cunha; ericcunha@alliancenews.com
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Gabelli Merger (GMP)