Gabelli Funds, LLC is pleased to announce the initial public offering of The Gabelli Go Anywhere Trust (the “Fund”), a newly organized, non-diversified, closed-end management investment company.

Mario J. Gabelli, along with a team of portfolio managers at Gabelli Funds will be managing The Gabelli Go Anywhere Trust.

The Fund’s primary investment objective is total return, consisting of capital appreciation and current income. Under normal market conditions, the Fund intends to invest primarily in a broad range of equity securities consisting of common stock, preferred stock, convertible or exchangeable securities, and, to a lesser extent, in debt securities.

The Fund may also invest up to 40% of its total assets in common and preferred equity securities issued by other closed-end management investment companies.

The Fund is offering a combination of both common and preferred shares which are anticipated to trade on the New York Stock Exchange or NYSE MKT. Shareholders will be required to purchase a “Combination” of 3 common shares and 1 Series A Cumulative Puttable and Callable Preferred Shares (the “Series A Preferred Shares”).

The Combination is being offered at $100 per share (equating to three common shares at $20 per share plus $40 (liquidation preference) for one Series A Preferred Share).

The Fund will trade as a Combination for 60 days; thereafter separate trading for the common shares and Series A Preferred Shares will commence and the Combination will be delisted.

The lead underwriter of the offering is G.research, LLC.

It is anticipated that Gabelli Funds, LLC or its affiliates will participate in the offering.

The information herein is not complete and is subject to change. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by a prospectus. Investors should carefully consider the Fund’s investment objective, risks, charges and expenses before investing. The prospectus contains this and other information about the offering, and should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.

Closed-end funds involve risk for investors. Closed-end funds are traded on the secondary market through a stock exchange. The closed-end fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. The distribution rate of the preferred shares is based on the $40 liquidation preference. Payment of distributions is not assured and is made only when declared by the Fund’s Board of Trustees. A portion of any planned distributions may be a return of capital, which may have the effect of increasing the Fund’s existing leverage. The distributions that include a return of capital should not be considered as dividend yield nor as part of the total return of an investment in the Fund.

The market price for a closed-end fund is based on supply and demand which fluctuates daily based on many factors, such as economic conditions and global events, investor sentiment, and security specific factors. The possibility of a market decline should be considered market risk. There is no assurance that the Fund will achieve its investment objective and you can lose money by investing in a closed-end fund. Past performance does not guarantee future results.

The use of leverage, which can be described as exposure to changes in price at a ratio greater than the amount of equity invested, through the issuance of preferred shares, magnifies both the favorable and unfavorable effects of price movements in the investments made by the Fund. The Fund’s use of leverage in its investment operations subjects it to substantial risk of loss.

GAMCO Investors, Inc. (NYSE:GBL), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships) and is known for its Private Market Value with a Catalyst™ style of investment. As of March 31, 2015, GAMCO Investors, Inc. had $46.5 billion in assets under management. Further information can be found at www.gabelli.com.

NOT FDIC-INSURED       NOT BANK GUARANTEED       MAY LOSE VALUE