On July 1, 2020, Gabelli Value Plus+ Trust Plc the Company received a further letter from Investec Wealth & Investment Limited on June 29, 2020 for circulation to all shareholders together with the Company's Annual Report. The Company stated that the letter sets out Investec Wealth & Investment's rationale for supporting the Board's recommendation that shareholders vote against the continuation vote and the copy of the letter can also be found on the Company's website at https://www.gabelli.co.uk/docs/pdfs/Investec_Letter_Shareholders.pdf. The Company reiterated that it is the Board's intention to recommend that shareholders vote against continuation of the Company, with the exception of 1 director who has abstained.