The primary investment objective is to seek to generate total return, consisting of capital appreciation and current income. The Company will seek a secondary objective of the protection of capital, uncorrelated to equity and fixed income markets. The Company will seek to meet its investment objective by utilizing the Gabelli Private Market Value (PMV) with a CatalystTM, investment methodology, maintaining a diversified portfolio of catalyst event merger arbitrage strategies to seek to create an optimal risk/reward profile for the portfolio. The Company will invest globally although it is expected to have an emphasis on securities traded in the US, predominantly equity securities issued by companies of any market cap.
Annual management fee of 0.85% of NAV. Contract terminable no less than 3 months notice. The performance fee will be a sum equal to 20% of Adjusted NAV.
The Company intends to pay shareholders a quarterly dividend at a minimum fixed annualized dividend rate in relation to the NAV of the Company at the time.