Gabelli Merger Plus+ Trust PLC
GMP.L
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- Gabelli Merchant Partners PLC (GMP.L), formerly Gabelli Merger Plus+ Trust Plc, is a United Kingdom-based closed-ended investment company that seeks long-term total returns through capital appreciation and current income. The company employs an event-driven merger arbitrage strategy, utilizing Gabelli's proprietary Private Market Value (PMV) with a Catalyst methodology to invest primarily in equity securities of companies involved in announced mergers, acquisitions, restructurings, demergers, liquidations, special situations, and other corporate reorganizations; it targets global opportunities with an emphasis on U.S. companies across all market capitalizations and sectors, including energy, power, industrials, technology, and healthcare, while also permitting investments in convertible and non-convertible debt securities, asset-backed securities, fixed interest securities, and preferred stock. Incorporated on 28 April 2017 and listed on the Specialist Fund Segment of the London Stock Exchange's Main Market since 19 July 2017, the company is headquartered at 3 St. James's Place, London, SW1A 1NP, United Kingdom, and operates globally with a focus on non-market correlated returns for shareholders. In late October 2024, the company acquired its affiliated UK investment manager, Gabelli Securities International UK Limited (GSIL UK), for approximately $1 million through the issuance of new ordinary shares at a premium to net asset value, enabling self-management, broader service offerings to affiliated and third parties, and an increase in cash and investments. Earlier in February 2024, it completed an on-market repurchase tender, acquiring 19,500 ordinary shares to enhance shareholder value. The company changed its name to Gabelli Merchant Partners PLC on 2 April 2025, reflecting an evolution in its merchant banking-oriented operations while maintaining its core investment trust activities under SIC code 64301.