Investec W&I criticises ACG's GVP proposals as board tells shareholders to vote against them
Remedies 'lacking in appeal'
GVP's board said shareholders should vote against ACG's proposals
Proposals for the continuance of Gabelli Value Plus+ (GVP) are "lacking in appeal", Investec Wealth & Investment has said, as the board of the trust urged shareholders to vote against remedies put forward by its largest shareholder Associated Capital Group (ACG).
ACG recently requisitioned a general meeting of GVP shareholders to vote on proposals it believes will persuade fellow investors to back down from their wish to liquidate the company. The firm, which...
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