CEF Gabelli Global Small and Midcap Value Trust Sells New Preferred

In what I assume is another private placement by Gabelli, the Gabelli Global Small and Midcap Value Trust has sold a new preferred issue.

The press releases states they have sold a 4% cumulative perpetual preferred issue. 4 million shares have been sold. Like a previous private offering the shares have a liquidation value of $10.00.

The company currently has a 5.45% issue (GGZ-A) outstanding which became redeemable on 5/10/2021. I assume these shares will be called any minute.

The company press release can be read here.

mbg ferreted this press release out.

4 thoughts on “CEF Gabelli Global Small and Midcap Value Trust Sells New Preferred”

    1. LandLord–no filing as of yet. I’ve been watching for it–since this pandemic started filings have been so damned slow.

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