The Board of Trustees of The GDL Fund (NYSE:GDL) (the "Fund") today announced that in light of ongoing public health concerns regarding the spread of coronavirus disease 2019 (COVID-19), the Fund will be rescheduling its annual meeting of shareholders from the previously scheduled date of Monday, May 11, 2020. The Fund will issue an additional press release updating shareholders regarding the Meeting.
Gabelli Funds will host an Omaha Virtual Research Conference in conjunction with the Berkshire Hathaway Annual Meeting on Saturday, May 2nd.
Gabelli Funds, LLC is pleased to announce that the Gabelli U.S. Treasury Money Market Fund (the "Fund") (NASDAQ: GABXX) exceeded $3 billion in assets under management on April 9, 2020. This achievement marks a significant new milestone in reinforcing the Fund’s reputation in the money market space as it continues to grow while providing shareholders with outstanding tax advantaged returns.
The Gabelli Global Small and Mid Cap Value Trust (the "Fund") announces that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its Fund shareholders, employees, and trustees, as well as their families and communities, it will host the originally planned in-person 2020 Annual Meeting of Shareholders (the "Annual Meeting") at the Westchester Country Club, as a virtual meeting.
The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of July, August, and September 2020.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") declared a $0.22 per share cash distribution payable on June 23, 2020 to common stock shareholders of record on June 16, 2020.
The Board of Trustees of The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) (the "Fund") declared a $0.16 per share cash distribution payable on June 23, 2020 to common shareholders of record on June 16, 2020.
National Fuel Gas Company (NYSE:NFG) ("National Fuel" or the "Company") held its 2020 Annual Meeting of Stockholders on March 11, 2020 in Naples, Florida. The Company announced that the stockholder proposal presented by GAMCO Asset Management Inc. ("GAMCO"), an affiliate of GAMCO Investors, Inc. (NYSE:GBL), received support from approximately 73% of the votes cast.
The GDL Fund (NYSE:GDL) (the "Fund") announced that it will host the 2020 Annual Meeting of Shareholders (the "Annual Meeting") as a virtual meeting on June 5, 2020 at 7:30 a.m., Eastern Time.
GAMCO Investors, Inc. (the "Company" or "GAMCO") (NYSE: GBL) announced today that it has terminated its offer to purchase up to $30,000,000 in aggregate purchase price of its Class A common stock, $0.001 par value, which was due to expire at 5:00 P.M., Eastern Time, on April 8, 2020 (such offer, the "Offer"), as a result of the suspension of trading and market index conditions to the Offer not having been satisfied. As a result of this termination, no shares will be purchased in the Offer and all shares previously tendered and not withdrawn will be promptly returned to tendering holders.
G.research in conjunction with Gabelli Funds, will host the 6th Annual Waste & Environmental Services Symposium, Thursday April 2nd via webcast. This timely conference will feature presentations by senior management of several leading companies, with an emphasis on industry dynamics, new technologies, and company fundamentals.
GAMCO Investors, Inc. ("GAMCO") (NYSE: GBL) announced today that, due to the ongoing COVID-19 pandemic and in order to protect the health and safety of its shareholders, directors, teammates, and the greater community, its 2020 Annual Meeting of Shareholders (the "Meeting") will change to an audio, virtual-only format. The Meeting will not be held at a physical location.
The Board of Directors of The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) (the "Fund") declared a $0.12 per share cash distribution payable on June 23, 2020 to common stock shareholders of record on June 16, 2020.
The Board of Trustees of The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) (the "Fund") reaffirmed its quarterly distribution policy and declared a $0.14 per share cash distribution payable on June 23, 2020 to common shareholders of record on June 16, 2020.
The Board of Trustees of Bancroft Fund Ltd. (NYSE American:BCV) (the "Fund") declared a $0.29 per share cash distribution payable on June 23, 2020 to common shareholders of record on June 16, 2020.
GAMCO Investors, Inc. ("GAMCO") (NYSE:GBL) announced today that it expects to report first quarter 2020 diluted earnings in the range of $0.40 to $0.44 per share versus $0.70 per share for the first quarter of 2019.
GAMCO Investors, Inc. ("GAMCO") (NYSE:GBL) announced today that its Board of Directors has authorized a modified "Dutch Auction" tender offer (the "Offer") to purchase for cash up to $30,000,000 in aggregate of shares of its outstanding Class A common stock, $0.001 par value, at a price per share of not less than $15.00 nor greater than $17.00 per share. The closing price of GAMCO’s Class A common stock on March 6, 2020 was $14.09.
Gabelli Funds, in conjunction with G.research, will host its 12th Annual Entertainment & Broadcasting Conference on June 4. The conference will be held virtually. This research meeting will feature presentations by senior management of leading broadcasting and entertainment companies, with an emphasis on industry dynamics, new technologies and company fundamentals. It will also include a Sports Valuation Panel. Investors should contact their salesperson for more information or to register.
The Board of Directors of The Gabelli Equity Trust Inc. (NYSE:GAB) (the "Fund") declared a $0.15 per share cash distribution payable on June 23, 2020 to common stock shareholders of record on June 16, 2020.
GAMCO Investors, Inc. ("GAMCO") (NYSE: GBL) today reported its operating results for the quarter ended March 31, 2020.