Gabelli Value Plus+ faces litigation threat as liquidation row rumbles on
Board sets out further consultation period to 14 October
The board stated that it still backs members' voluntary liquidation of Gabelli Value Plus+
The board of Gabelli Value Plus+ Trust said it received a letter on 2 October from the general counsel to majority shareholder Associated Capital Group (ACG) "indicating that (unspecified) litigation concerning the company [Gabelli Value Plus+] may be a distinct possibility".
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 letter. The board stated that it...
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