Gabelli investors approve fund spinoff
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- June
- 7
Gabelli Funds LLC, a unit of Rye-based Gamco Investors Inc., announced today that shareholders in the Gabelli Equity Trust Inc. approved a spinoff of the Gabelli Healthcare & Wellness Trust on May 30.
Shareholders will receive one share of the Healthcare Trust for every 20 shares they hold in Equity Trust common stock, Gabelli said. The Healthcare Trust’s initial net asset value is anticipated to be $8 a share, the investment company said.
The distribution will be made on June 28 to Equity Trust common shareholders on record as June 21, Gabelli said.
This entry was posted
on Thursday, June 7th, 2007 at 5:54 pm by David Schepp.
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