Simpson Thacher Represents Underwriters in $30 Million Preferred Share Offering by GAMCO Natural Resources, Gold & Income Trust
10.30.17
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Simpson Thacher represented the underwriters, led by Wells Fargo Securities, in connection with the public offering by GAMCO Natural Resources, Gold & Income Trust (the “Fund”) of 1,200,000 shares of 5.2% Series A Cumulative Preferred Shares. The offering raised aggregate net proceeds of approximately $29.055 million.
The Fund is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940. The Fund’s primary objective is to provide a high level of current income from interest, dividends and option premiums, and it invests primarily in securities of companies principally engaged in the natural resources and gold industries. The Fund’s common shares trade on the New York Stock Exchange under the symbol “GNT.” The Fund’s investment adviser is Gabelli Funds, LLC.
The Simpson Thacher team for the transaction included Sarah Cogan, Rafael Vasquez and Ben Wells (Capital Markets); Lucie Enns (Funds); Jeanne Annarumma (Executive Compensation and Employee Benefits); Jennie Getsin (FINRA and Blue Sky); and Jonathan Cantor (Tax).