Simpson Thacher Represents Underwriters in IPO of The Gabelli Natural Resources, Gold & Income Trust
02.07.11
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Simpson Thacher represented the underwriters, led by Morgan Stanley & Co. Incorporated, Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the initial public offering of The Gabelli Natural Resources, Gold & Income Trust (the "Fund"). The offering raised approximately $425 million, assuming full exercise of the underwriters’ option to purchase additional shares.
The Fund is a non-diversified closed-end management investment company which trades on the New York Stock Exchange under the symbol "GNT". The Fund’s primary investment objective is to provide a high level of current income from interest, dividends and option premiums. Gabelli Funds, LLC is the Fund’s investment adviser.
The Simpson Thacher team for the transaction included: Sarah Cogan, Gabrielle Kelleher, Jeremy Barr and Kate Yoon (Capital Markets); Jonathan Cantor and Amie Broder (Tax); and Jennie Getsin and Andrew Pagliughi (Blue Sky and FINRA).