Skip To The Main Content

News & Events

Matter Highlights Go Back

Firm Represents Underwriters in Preferred Share Offering by The Gabelli Global Small and Mid Cap Value Trust

06.13.16

Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the public offering by The Gabelli Global Small and Mid Cap Value Trust (the “Fund”) of 1,200,000 shares of 5.45% Series A Cumulative Preferred Shares. The offering raised aggregate net proceeds of approximately $29.1 million. 

The Fund is a diversified, closed-end management investment company registered under the Investment Company Act of 1940. The Fund’s investment objective is long term capital growth. Its common shares trade on the New York Stock Exchange under the symbol “GGZ.” The Fund’s investment advisor is Gabelli Funds, LLC. 

The Simpson Thacher team for the transaction included Sarah Cogan, Ben Wells and Daniel Honeycutt (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); Jonathan Cantor and Michael Badain (Tax); and Jennie Getsin and Andrew Pagliughi (FINRA and Blue Sky).