Gabelli Merger Plus+ Trust PLC (LSE : GMP) commences share repurchases on April 6, 2020, under the program mandated by the shareholders in its Annual General Meeting on held on December 4, 2019. As per the mandate, the company is authorized to repurchase up to 20,000 shares, representing 14.99% of its issued share capital for $0.2 million. The maximum price that will be paid by the company for repurchases will be 5% above the average market value of the ordinary shares for the five business days immediately preceding the date on which the purchase is made. The repurchase program will expire at the earliest of the maximum number of ordinary shares are bought back or June 30, 2020. Cantor Fitzgerald Europe acted as broker to the company.