Metage Capital demands answers from ACG on Gabelli Value Plus+

'Trapping' shareholders against their will

Investment manager Metage Capital has demanded Associated Capital Group (ACG) justifies its attempts to "trap" Gabelli Value Plus+ (GVP) shareholders against their will.

In an open letter to Bruce Lisman, the ACG director charged with heading up its independent sub-committee established to consider its position in regards to the liquidation of GVP, Metage director Tom Sharp criticised ACG for failing to address questions submitted by investors at a recent webinar, despite having promised to do so. Sharp further said he had been "dissatisfied by the subsequent response from ACG to the questions that we asked and believe that other shareholders would share similar queries". ACG tells 'emotional' GVP shareholders to 'get a grip' as it seeks two-year stay...