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Gabelli Go Anywhere Trust Series A Cumulative Puttable and Callable Preferred Shares Maintain Dividend Rate At 5.00%

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The Board of Trustees of The Gabelli Go Anywhere Trust (NYSE American:GGO) (the "Fund") has approved the annual dividend rate for the Series A Preferred Shares at 5.00%, effective for one year after the dividend period ending September 26, 2020.

The Series A Preferred Shares trade on the NYSE American under the symbol "GGO Pr A," were issued on September 2, 2016 at $40.00 per share and began trading as a separate security on November 2, 2016. The annual dividend rate of 5.00% was determined based on the Statement of Preferences for the Series A Preferred Shares. The dividend payment on September 28, 2020 will be $0.50 per share and will remain at the same rate for the next four quarters.

The Series A Preferred shares are not callable at the Fund’s option prior to September 2, 2021, unless a redemption is necessary in the judgment of the Board of Trustees to maintain the Fund’s tax status as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended.

All or part of the distribution may be treated as long term capital gain or qualified dividend income (or a combination of both), subject to the maximum federal income tax rate, that is currently 20% in taxable accounts for individuals (or zero depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates, or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their "net investment income" which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

Long term capital gains, qualified dividend income, and ordinary income, if any, will be allocated on a pro-rata basis to all distributions to preferred shareholders for the year. The final determination of the sources of all distributions in 2020 will be made after year end and can vary from the quarterly estimates. All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2020 distributions in early 2021 via Form 1099-DIV.

If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund to the Preferred Shareholders in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information regarding the Fund’s distribution policy and other information about the Fund is available by calling 800-GABELLI (800-422-3554) or visiting www.gabelli.com.

About The Gabelli Go Anywhere Trust

The Gabelli Go Anywhere Trust is a non-diversified, closed-end management investment company whose primary investment objective is total return, consisting of capital appreciation and current income. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).

NYSE – GGO
CUSIP – 36250J109

NYSE – GGO Pr A
CUSIP – 36250J208

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Contacts

Investor Relations;
David Schachter
914.921.5070
dschachter@gabelli.com