Associated Capital Group (ACG) has been urged to back a proposed members' voluntary liquidation resolution by the board of Gabelli Value Plus+ Trust (GVP), as it looks to end a long-running dispute between shareholders.
The GVP board said it would shortly publish a circular to shareholders convening a general meeting, at which it would propose placing the company into members' voluntary liquidation. This, the board said, would be the most straightforward and cost-effective way of effecting "the clearly expressed desire of the majority of shareholders' for a discontinuation of the company". Investment trust sector urged to grow in order to 'stay relevant' As a special resolution, the vote must gain 75% of votes cast in favour to be passed, meaning it will fail should ACG, which owns 27.4% of shares...
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