SCHEDULE: Gabelli Entities Report Zero Ownership in New Royal Holdco

Gabelli-affiliated entities have reported a complete divestment of their holdings in NEW ROYAL HOLDCO I INC. following its acquisition by VICI Properties, Inc.

Summary

• This filing is an amendment to a Schedule 13D, reporting changes in beneficial ownership of NEW ROYAL HOLDCO I INC. common stock.
• Multiple Gabelli-affiliated entities, including GAMCO Investors, Inc., Gabelli Funds, LLC, and Mario Gabelli himself, are listed as reporting persons.
• As of April 30, 2026, all reporting persons have ceased to be beneficial owners of 5% or more of the Issuer's common stock.
• The transactions on April 30, 2026, were a result of the acquisition of NEW ROYAL HOLDCO I INC. by VICI Properties, Inc., where shareholders received VICI shares.
• The reporting persons no longer have any beneficial ownership of the Issuer's shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports a completed transaction and a cessation of ownership rather than new financial performance or strategic initiatives.

Positives

• The reporting persons have successfully exited their positions in NEW ROYAL HOLDCO I INC. following its acquisition.
• The divestment was executed as part of a larger corporate acquisition, indicating a structured and completed transaction.

Negatives

• The reporting persons no longer hold any beneficial ownership in the issuer, indicating a complete exit from the investment.

Risks

• The filing does not explicitly mention any ongoing or future risks related to the divestment itself, as it signifies a completed transaction.

Future Outlook

The filing indicates a complete cessation of beneficial ownership for the reporting persons in NEW ROYAL HOLDCO I INC., implying no future involvement or outlook regarding this specific issuer from these entities.

Management Comments

• The transactions on 4/30/2026 are a result of the completion of the acquisition of the Issuer by VICI Properties in which the Issuer's shareholders received 0.902 VICI shares for each share of the Issuer held.

Industry Context

StockSavvy.ai notes that this Schedule 13D filing reflects a common outcome following a significant corporate acquisition, where significant shareholders must report changes in their beneficial ownership. The complete divestment by Gabelli-affiliated entities suggests a strategic exit from their investment in NEW ROYAL HOLDCO I INC. as part of the VICI Properties transaction.

Stakeholder Impact

• Shareholders of NEW ROYAL HOLDCO I INC. have transitioned to being shareholders of VICI Properties, Inc., as per the acquisition terms.

Next Steps

• The reporting persons have completed their divestment from NEW ROYAL HOLDCO I INC.

Key Dates

Keywords

Schedule 13D, Beneficial Ownership, NEW ROYAL HOLDCO I INC., VICI Properties, Inc., Acquisition, Divestment, Gabelli, GAMCO, Securities Filing