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.
The situation was described as "rather a mess" by analysts at Stifel, while head of investment company research at QuotedData James Carthew said it was "one of the more outrageous moves we have seen in...
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