GPM/GGM merging into "GOF"

[xray]

GPM and GGM will merge into GOF [expected to complete 3rd Qtr]:

Guggenheim Investments
Tue, April 20, 2021, 5:58 PM
By GlobalNews

GGM
+2.57%

GOF
-2.54%

GPM
+0.14%

 NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the Boards of Trustees of each of Guggenheim Strategic Opportunities Fund (NYSE: GOF), Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM), each a closed-end fund (each, a “Fund” and together, the “Funds”), approved the mergers of GPM and GGM with and into GOF, as outlined below.

 The proposed mergers are intended to provide potential benefits to common shareholders, including exposure for GPM and GGM to the enhanced investment opportunities offered by GOF, economies of scale and greater secondary market liquidity for each Fund’s common shareholders, among other things.

 Upon closing of the mergers, GOF would continue to be subject to its current investment objectives, policies and restrictions.

 It is currently expected that the mergers will be completed around the third quarter of 2021, subject to required shareholder approvals and the satisfaction of applicable regulatory requirements and other customary closing conditions. Shareholders of GPM and GGM would receive newly issued common shares of GOF, the aggregate net asset value (not the market value) of which will equal the aggregate net asset value of their common shares held immediately prior to the merger(s). Approval of the merger of GPM into GOF is not contingent upon approval of GGM into GOF, and likewise, approval of the merger of GGM into GOF is not contingent upon approval of GPM into GOF.

Disclosure: Many of us have no positions in any of the above CEF's....

Live Long and Prosper....

[yogibearbull]

See related discussion in LINK.

[xray]

Thanks for the link...

[xray]

Guggenheim Investments Announces Results and Adjournment of Special Shareholder Meeting for the Mergers of GPM, GGM and GOF
Guggenheim Investments
Tue, August 24, 2021, 4:35 PM
In this article:

GGM
+0.46%


GPM
+1.50%


GOF
+0.42%

NEW YORK, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today the results and adjournment of the joint special meeting of shareholders (the “Special Meeting”) of Guggenheim Strategic Opportunities Fund (NYSE: GOF), Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM), each a closed-end fund (each, a “Fund” and together, the “Funds”), to approve the mergers of GPM and GGM with and into GOF (each, a “Merger” and together, the “Mergers”).

At the Special Meeting, shareholders of GPM and GGM voted to approve the Mergers. The Special Meeting was adjourned with respect to GOF in order to allow GOF shareholders additional time to vote on the Mergers. Although the substantial majority of GOF's shareholders who have voted their shares in connection with the Special Meeting have voted to approve the Mergers, GOF’s Special Meeting will adjourn temporarily in order to achieve the necessary quorum.

The Special Meeting with respect to GOF will reconvene on Tuesday, September 14 at 10:00 a.m. Central time. The reconvened Special Meeting will be held in a virtual format. Shareholders will not be able to attend the reconvened Special Meeting in person.

Each Merger will be consummated only if GOF’s shareholders vote to approve each Merger. Approval of the Merger of GPM into GOF is not contingent upon approval of the Merger of GGM into GOF, and likewise, approval of the Merger of GGM into GOF is not contingent upon approval of the Merger of GPM into GOF. Upon closing of the Mergers, GOF would continue to be subject to its current investment objectives, policies and restrictions. Shareholders of GPM and GGM would receive newly issued common shares of GOF, the aggregate net asset value (not the market value) of which will equal the aggregate net asset value of their common shares held immediately prior to the Merger(s).

The Mergers are intended to provide potential benefits to common shareholders, including enhanced investment opportunities and greater secondary market liquidity for each Fund’s common shareholders, among other things.

Live Long and Prosper....

[richardsok]

TY, X.

Nothing of interest that I can find in this trio-to-be-one; neither performance nor technical. Perilous charts and two big premia, too. Who would want to own these?

[xray]

richardsok,

Agree with you. The only performing CEF [of the three] currently [to my analysis standards] was GPM [consistently overpriced] being merged into GOF that is also overpriced [IMHO]. GPM has been on my Watch List for some time now and will disappear with the GOF takeover. Not sure yet if I will put GOF on my watch list [or not] because of the current premium....

Live Long and Prosper....

[xray]

Guggenheim Investments Announces Shareholder Approval of the Mergers of GPM, GGM and GOF
Guggenheim Investments
Tue, September 14, 2021, 5:09 PM

GPM
-0.50%

GGM
+0.41%

GOF
+0.38%

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that shareholders approved the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”). Subject to the satisfaction of certain customary closing conditions, the Mergers are expected to be effective with the open of the New York Stock Exchange on October 25, 2021.

At the joint special meeting of shareholders (the “Special Meeting”) held on August 24, 2021, shareholders of GPM and GGM voted to approve the Mergers. The Special Meeting was adjourned with respect to GOF in order to allow GOF shareholders additional time to vote on the Mergers. At the reconvened Special Meeting of shareholders of GOF, held on September 14, 2021, shareholders voted to approve the Mergers and the issuance of additional common shares of GOF.

Upon closing of the Mergers, GOF will continue to be subject to its current investment objectives, policies and restrictions. Shareholders of GPM and GGM will receive newly issued common shares of GOF, the aggregate net asset value (not the market value) of which will equal the aggregate net asset value of their common shares held immediately prior to the Mergers.

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Live Long and Prosper....

[xray]

GPM News:

GlobeNewswire
GPM Announces Potential Special Distribution
Guggenheim Investments
Mon, October 11, 2021, 5:05 PM

GPM
+0.30%

NEW YORK, Oct. 11, 2021 (GLOBE NEWSWIRE) -- Guggenheim Enhanced Equity Income Fund (“GPM” or the “Fund”) today announced a potential special distribution. The table below summarizes the distribution schedule for GPM. It is anticipated that the final amount of the special distribution, if any, will be announced on or before October 15, 2021. GPM’s special distribution, if any, will be a cash only distribution.

The following dates apply to the potential GPM special distribution:

Record Date
October 19, 2021
Ex-Dividend Date
October 18, 2021
Payable Date
October 21, 2021
As previously announced on August 24, 2021, GPM shareholders approved a merger of the Fund with and into Guggenheim Strategic Opportunities Fund (“GOF”) to be effective with the open of the New York Stock Exchange on October 25, 2021, subject to the satisfaction of certain customary closing conditions.

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Disclosure: Some of us do not hold either GPM or GOF because of their current "High Premiums" [NAV to MktPrc of +11.84% and +20.72% respectively]....

Live Long and Prosper....

[xray]

GPM News:

GlobeNewswire
GPM Announces Special Distribution Amount
Guggenheim Investments
Fri, October 15, 2021, 4:05 PM

GPM
+0.69%

NEW YORK, Oct. 15, 2021 (GLOBE NEWSWIRE) -- Guggenheim Enhanced Equity Income Fund (“GPM” or the “Fund”) today announced the final amount of the previously-declared special distribution. The final amount of GPM’s special distribution will be $0.34 per share.

The table below summarizes the distribution schedule for the Fund. GPM’s special distribution will be a cash only distribution.

The following dates apply to the GPM special distribution (as announced on October 11, 2021):

Record Date
October 19, 2021
Ex-Dividend Date
October 18, 2021
Payable Date
October 21, 2021

As previously announced on August 24, 2021, GPM shareholders approved a merger of the Fund with and into Guggenheim Strategic Opportunities Fund (“GOF”) to be effective with the open of the New York Stock Exchange on October 25, 2021, subject to the satisfaction of certain customary closing conditions.

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Live Long and Prosper....

[xray]

GlobeNewswire
Guggenheim Investments Announces Completion of the Mergers of GPM, GGM and GOF
Guggenheim Investments
Mon, October 25, 2021, 7:00 AM

GGM
-1.90%


GPM
-1.79%


GOF
-3.04%

NEW YORK, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Guggenheim Investments announced today that the mergers (each, a “Merger” and together, the “Mergers”) of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) and Guggenheim Credit Allocation Fund (NYSE: GGM) with and into Guggenheim Strategic Opportunities Fund (NYSE: GOF), each a closed-end fund (each, a “Fund” and together, the “Funds”), were completed prior to the open of the New York Stock Exchange on October 25, 2021.

In the Mergers, common shareholders of GGM and GPM, receive newly issued common shares of GOF, the aggregate net asset value (not the market value) of which will equal the aggregate net asset value of their common shares, as determined at the close of business on October 22, 2021.

Relevant details pertaining to the Mergers are as follows:

Fund
NAV/Share ($)
Conversion Ratio
Guggenheim Strategic Opportunities Fund (GOF)
$16.82
N/A
Guggenheim Credit Allocation Fund (GGM)
$18.89
1.12334682
Guggenheim Enhanced Equity Income Fund (GPM)
$8.88
0.52792920

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Live Long and Prosper....