Overview
Gabelli Value Plus+ Trust aims to seek capital appreciation by investing predominantly in equity securities of U.S. Companies of any market capitalisation.
Potential investments are evaluated using the manager’s “Private Market Value with a Catalyst™” methodology. This comes up with the value that the Manager believes an informed industrial buyer would be willing to pay to acquire the entire company. Having come up with this value, the Manager looks for companies trading at a significant discount and seeks to identify one of more “catalysts” that will help to narrow or eliminate this discount. Catalysts can come in many forms including, but not limited to, corporate restructurings (such as demergers and asset sales), operational improvements, regulatory or managerial changes, special situations (such as liquidations) and mergers and acquisitions.
You can access the company’s website here
Research History
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10 Aug 2020 6 min read
QuotedData’s Economic Roundup – August 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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19 Jun 2020 2 min read
QuotedData’s weekly roundup 19 June 2020
James Carthew’s weekly news roundup show for Friday, 19 June, covers investing in batteries, Tritax Big Box REIT’s new shed for Amazon, the potential demise of Gabelli Value Plus+ (we always hated the ‘+’), why Lindsell Train’s managers should have taken the performance fee that they earned and European Opportunities big loss on Wirecard. It also […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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10 Jan 2020 10 min read
QuotedData’s economic roundup – January 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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15 Aug 2018 2 min read
QuotedData’s investment companies roundup – August 2018
QuotedData’s investment companies roundup – August 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in July Tritax EuroBox raised its maximum target of £300 million in an […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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2 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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11 Dec 2017 2 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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03 Aug 2017 2 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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12 Jul 2017 3 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
News
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08 Feb 2021 3 min read
QuotedData’s morning briefing 8 February 2021
In QuotedData’s morning briefing 8 February 2021 – Gabelli Value Plus+ (GVP) announced that it intends to convene a general meeting in July 2021 to consider a continuation vote resolution followed by a special resolution to place the company in members’ voluntary liquidation. GVP’s largest shareholder, Associated Capital Group, has irrevocably undertaken to abstain from […]
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15 Jan 2021 2 min read
QuotedData’s weekly news show 15 January 2021
QuotedData’s weekly news show 15 January 2021 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on Youtube. In this week’s show, James Carthew covered the week’s top stories: Schroder British Opportunities update Schroders UK Public Private update Executive order 13959 Gabelli Value Plus liquidation vote Watch […]
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2 min read
Tender offer on the cards for Gabelli Value Plus+
The board of Gabelli Value Plus+ Trust (GVP) has made an announcement this morning which suggests a tender offer may be on the cards, which could finally offer a way out of the maze for beleaguered GVP shareholders. In its announcement, GVP’s board says that it plans to shortly publish a circular convening a general meeting at which […]
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05 Jan 2021 1 min read
QuotedData’s morning briefing 5 January 2021
In QuotedData’s morning briefing 5 January 2021: Apax Global Alpha says that Apax IX (one of the underlying funds that make up its portfolio) is selling a minority stake in Paycor. The transaction values the trust’s investment in Paycor at approximately €51m. This represents an uplift of about 30% and adds about €11.8m (€0.02 per share) to […]
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08 Dec 2020 3 min read
Gabelli Value shareholders reject continuation (again)
Gabelli Value shareholders reject continuation (again) – At the General Meeting held on 7 December 2020, none of the resolutions set out in the notice of General Meeting dated 11 November 2020 were passed on a poll. The voting was 35.6% for : 64.4% against on each resolution. We’re going to reproduce the next section of […]
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23 Oct 2020 2 min read
QuotedData’s weekly news show 23 October 2020
QuotedData’s weekly news show 23 October 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: A change of direction for Baring Emerging Europe A new manager for Alliance Trust A new meeting requisition […]
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16 Oct 2020 2 min read
Metage Capital open letter throws weight behind Gabelli Value Plus wind up
In the latest instalment of the Gabelli Value Plus debacle, Metage Capital have written an open letter to Mr Bruce Lisman of Associated Capital Group, Inc, the outfit associated with the investment manager that is blocking the wind-up of the trust. Rather than try and paraphrase, we have reproduced the letter below. We think it makes very […]
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06 Oct 2020 2 min read
Gabelli Value Plus+ board consults on way forward
Gabelli Value Plus+ board consults on way forward – the board of Gabelli Value Plus+ has issued a long letter to shareholders, the full text of that letter is here. In brief, ACG (which is opposed to liquidating the company) has written a letter indicating that (unspecified) litigation concerning the company may be a distinct […]
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18 Sep 2020 2 min read
QuotedData’s weekly news show 18 September 2020
In QuotedData’s weekly news show 18 September 2020 Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on youtube. In this week’s show, James Carthew covered the week’s top stories: Securities Trust of Scotland changing its manager Premier Global Infrastructure changing its investment approach JPMorgan Brazil losing its continuation vote Gabelli […]
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16 Sep 2020 2 min read
Gabelli Value liquidation blocked
Gabelli Value liquidation blocked – [in what we think is one of the more outrageous moves that we have seen in the investment company sector for some while], Associated Capital Group, whose chairman is Mario J Gabelli, has blocked the liquidation of Gabelli Value Plus+ Trust. In July this year, shareholders voted overwhelmingly against the […]
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31 Jul 2020 1 min read
Gabelli Value Plus + fails continuation vote
At its AGM on 30 July 2020, Gabelli Value Plus + Trust (GVP) failed its continuation vote. The trust needed 50% of all votes to be in favour of continuation for it to be approved but, on the day, it achieved just 34.31% (or put another way, 65.59% of votes cast were against continuation). GVP’s Board […]
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07 Jul 2020 2 min read
War of words at Gabelli Value Plus+
War of words at Gabelli Value Plus+ As shareholders in Gabelli Value Plus+ prepare to vote on whether they want the fund to continue. CG Asset Management Ltd, a shareholder in the company, has written to shareholders in GVP to set out its voting intentions in relation to the continuation vote which is to be proposed […]
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02 Jul 2020 2 min read
QuotedData’s morning briefing 2 July 2020
In QuotedData’s morning briefing 2 July 2020: Schroder Oriental Income Fund says that shareholders overwhelmingly approved a resolution to shift the fund’s tax domicile from Guernsey to the UK. 99.78% of those voting approved the measure. The company should soon become a UK investment trust. Under fire Gabelli Value Plus+ reported a 25% fall in NAV […]
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15 Jun 2020 3 min read
Gabelli Value Plus+ directors say vote against continuation
Gabelli Value Plus+ directors say vote against continuation – The next AGM for Gabelli Value Plus+ will be held at 4p.m. on 30 July 2020. A resolution will be put to shareholders in connection with the continuation of the company. If more than 50% of shareholders vote against, the board will be required to put forward to […]
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05 Sep 2019 1 min read
Gabelli Value Plus+ Tender on hold for now
Gabelli Value Plus+ Trust (GVP) announced on 31 July 2019, that it was proposing to undertake a tender offer for up to approximately 14.99 per cent. of its issued share capital. It also announced that it would amend the existing continuation vote provisions and propose a continuation vote every two years, commencing from the 2020 […]
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01 Aug 2019 1 min read
Gabelli Value Plus tender and continuation vote
Gabelli Value Plus tender and continuation vote – Gabelli Value Plus+ Trust is planning to hold a tender offer for up to 14.99% of its issued share capital (excluding treasury shares). Details will be announced shortly. A continuation vote is planned for the AGM in 2020 (this is triggered if the trust trades at more than […]
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26 Feb 2018 1 min read
Investment Trust Insider on US trusts
James Carthew: where is a US growth trust when you want it? One of the strangest things about investment companies is how under-represented the US stock market is within the sector. Dedicated listed North American funds accounted for just 1.6% of the money in investment trusts and investment companies at the end of last year, […]
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14 Jun 2017 8 min read
Spin offs help unlock value for Gabelli Value Plus
Gabelli Value Plus delivered a net asset value (NAV) total return of 36.2% during the year to 31 March 2017. The U.S. stock market delivered a total return of 17.2% in U.S. dollars over the year, which translated into a return of 34.4% for sterling investors. So, the NAV total return was ahead of the return […]
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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14 Nov 2016 4 min read
Gabelli Value Plus+ discount narrows
Gabelli Value Plus+ says that, over the six months ended 30 September 2016, a moderate rise of 6.4% in the S&P 500 Index was boosted by the pound’s weakness to a 18.1% return in sterling terms. The NAV total return, which was 17.2% during the period, slightly lagged this index. The share price total return during […]
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28 Jul 2016 8 min read
F&C Managed Portfolio beats benchmark despite widening discounts
F&C Managed Portfolio reports that, for the company’s financial year to 31 May 2016, the NAV total return (i.e. adding dividends paid to capital performance) was -4.8% for the Income shares and -4.5% for the Growth shares which represented outperformance against the -6.3% total return for the FTSE All-Share Index, the benchmark index for both […]
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13 Jun 2016 5 min read
Slow start for Gabelli Value Plus
Gabelli Value Plus+ has published its first Annual Report to shareholders since it listed on the London Stock Exchange on 19 February 2015. The company delivered a net asset value total return of +3.9% from the starting net asset value level of 99p per share over the year to the end of February 2016. This […]
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11 Nov 2015 2 min read
Gabelli Value Plus+ Trust holding fire on 1st dividend payment
Gabelli Value Plus+ Trust has announced its first set of interim results for the period between 19 February and 30 September 2015. During the period the trust’s NAV fell 6.4% in total return terms underperforming the S&P 500 which fell 5.5% during the period (in Sterling adjusted terms). Share price total return during the period […]
In The Press
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12 Feb 2021 2 min read
ACG maintains Gabelli Value Plus+ liquidation would be ‘short-sighted
Update: ACG maintains Gabelli Value Plus+ liquidation would be ‘short-sighted’ Lauren Mason, Investment week, 8 February 2021 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 […]
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18 Jan 2021 2 min read
Trust sector urged to grow in order to ‘stay relevant’
From evolution to revolution: Investment trust sector urged to grow in order to ‘stay relevant’ David Brenchley, 14 January 2021, Investment Week Brokers have long called for a shake-up of the investment company sector, with Numis analyst Ewan Lovett-Turner lamenting in July there were too many sub-scale companies trading on wide discounts and called on […]
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03 Nov 2020 2 min read
ACG calls Gabelli Value Plus+ shareholder meeting as trust’s future hangs in balance
ACG calls Gabelli Value Plus+ shareholder meeting as trust’s future hangs in balance Sets out three proposals Lauren Mason, Investment Week, 23 October 2020 Associated Capital Group (ACG), the firm which holds more than 25% of the beleaguered Gabelli Value Plus+ investment trust (GVP), has called a general meeting with the company’s board and its […]
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06 Oct 2020 2 min read
Gabelli Value Plus+ faces litigation threat
Gabelli Value Plus+ faces litigation threat as liquidation row rumbles on Board sets out further consultation period to 14 October Ellie Duncan, Investment Week, 06 October 2020 In an update today (6 October) the board said it has initiated a further period of shareholder consultation which it said was “regrettably, partly in response” to the […]
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30 Sep 2020 1 min read
ACG ‘frustrating shareholders’ wishes’ after blocking Gabelli Value Plus+ liquidation vote
ACG ‘frustrating shareholders’ wishes’ after blocking Gabelli Value Plus+ liquidation vote Investors want their money back Shareholders in Gabelli Value Plus+ (GVP) continue to hold out hope for a solution on the future of the trust, after criticising its majority shareholder Associated Capital Group (ACG) for frustrating their wishes by blocking a proposed liquidation vote. […]
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25 Aug 2020 2 min read
Surviving the investment trust shake-up
Surviving the investment trust shake-up By Dave Baxter Investors Chronicle, 7 Aug 2020 A ‘Darwinian’ process of corporate action and shareholder scrutiny has long prevented the UK’s investment trust universe from getting bloated. The sector consisted of just 395 closed-ended funds at the end of June, according to Association of Investment Companies (AIC) data. By contrast, UK […]
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13 Sep 2019 2 min read
QuotedData’s James Carthew comments on Gabelli board
Investec Wealth & Investment has accused the board of Gabelli Value Plus of not “acting proactively on behalf of shareholders” as it called for a continuation vote on the investment trust. In an open letter to the trust’s chairman, Jonathan Davie, Investec Wealth & Investment’s CIO Chris Hills said shareholders should not have to wait […]
