Firm Represents Underwriters in $100 Million Preferred Shares Offering by GAMCO Global Gold, Natural Resources & Income Trust by Gabelli
05.10.13
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Simpson Thacher represented the underwriters, led by Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the public offering by GAMCO Global Gold, Natural Resources & Income Trust by Gabelli (the “Fund”) of 4,000,000 shares of 5.00% Series B Cumulative Preferred Shares. The offering raised aggregate net proceeds of approximately $96.85 million.
The Fund is a non-diversified closed-end management investment company registered under the Investment Company Act of 1940. Its common shares trade on the NYSE MKT under the symbol “GGN.” The Fund’s primary investment objective is to provide a high level of current income. The Fund’s investment adviser is Gabelli Funds, LLC.
The Simpson Thacher team for the transaction included: Sarah Cogan, Jeremy Barr and Taylor Smith (Capital Markets), Jeanne Annarumma (Executive Compensation and Employee Benefits), Jonathan Cantor and Devin Heckman (Tax) and Jennie Getsin (FINRA and Blue Sky).