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GAMCO Discloses Ownership of Burnham Holdings

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GAMCO Asset Management, an affiliate of GAMCO Investors (OTCQX: GAMI), has disclosed ownership of approximately 296,400 shares of Class A common stock in Burnham Holdings (OTCPK: BURCA). This represents approximately 8.93% of Burnham's Class A shares outstanding.

Due to Burnham not being an SEC Registrant, GAMCO's standard procedure of filing a Schedule 13D ownership disclosure form is not possible. This press release serves as an alternative method of ownership notification. GAMCO Investors manages assets through various subsidiaries, including private advisory accounts and mutual/closed-end funds, utilizing their Private Market Value with a Catalyst™ investment approach.

GAMCO Asset Management, un'affiliata di GAMCO Investors (OTCQX: GAMI), ha rivelato di possedere circa 296.400 azioni di azioni ordinarie di Classe A in Burnham Holdings (OTCPK: BURCA). Questo rappresenta circa 8,93% delle azioni di Classe A in circolazione di Burnham.

Poiché Burnham non è un registrante presso la SEC, la procedura standard di GAMCO di presentare un modulo di divulgazione della proprietà Schedule 13D non è possibile. Questo comunicato stampa funge da metodo alternativo di notifica della proprietà. GAMCO Investors gestisce attivi attraverso varie sussidiarie, inclusi conti di consulenza privata e fondi comuni/chiusi, utilizzando il loro approccio di investimento Private Market Value con un Catalyst™.

GAMCO Asset Management, una afiliada de GAMCO Investors (OTCQX: GAMI), ha revelado la propiedad de aproximadamente 296,400 acciones de acciones ordinarias de Clase A en Burnham Holdings (OTCPK: BURCA). Esto representa aproximadamente 8.93% de las acciones de Clase A en circulación de Burnham.

Dado que Burnham no es un registrante de la SEC, el procedimiento estándar de GAMCO de presentar un formulario de divulgación de propiedad Schedule 13D no es posible. Este comunicado de prensa sirve como un método alternativo de notificación de propiedad. GAMCO Investors gestiona activos a través de varias subsidiarias, incluyendo cuentas de asesoría privada y fondos mutuos/cerrados, utilizando su enfoque de inversión Private Market Value con Catalyst™.

GAMCO 자산 관리는 GAMCO Investors (OTCQX: GAMI)의 계열사로, Burnham Holdings (OTCPK: BURCA)의 클래스 A 보통주 약 296,400주를 보유하고 있음을 공개했습니다. 이는 Burnham의 클래스 A 주식의 약 8.93%에 해당합니다.

Burnham이 SEC 등록자가 아니기 때문에 GAMCO의 표준 절차인 Schedule 13D 소유권 공개 양식을 제출할 수 없습니다. 이 보도 자료는 소유권 통지를 위한 대체 방법으로 제공됩니다. GAMCO Investors는 다양한 자회사를 통해 자산을 관리하며, 여기에는 개인 자문 계좌와 뮤추얼/폐쇄형 펀드가 포함되며, 그들의 Private Market Value with a Catalyst™ 투자 접근 방식을 활용합니다.

GAMCO Asset Management, une filiale de GAMCO Investors (OTCQX: GAMI), a divulgué détenir environ 296 400 actions d'actions ordinaires de Classe A dans Burnham Holdings (OTCPK: BURCA). Cela représente environ 8,93% des actions de Classe A en circulation de Burnham.

Étant donné que Burnham n'est pas un inscrit à la SEC, la procédure standard de GAMCO de soumettre un formulaire de divulgation de propriété Schedule 13D n'est pas possible. Ce communiqué de presse sert de méthode alternative de notification de propriété. GAMCO Investors gère des actifs par le biais de diverses filiales, y compris des comptes de conseil privés et des fonds communs/fermés, en utilisant leur approche d'investissement Private Market Value avec un Catalyst™.

GAMCO Asset Management, ein Tochterunternehmen von GAMCO Investors (OTCQX: GAMI), hat den Besitz von etwa 296.400 Aktien der Stammaktien der Klasse A in Burnham Holdings (OTCPK: BURCA) offengelegt. Dies entspricht etwa 8,93% der ausstehenden Klasse A Aktien von Burnham.

Da Burnham kein SEC-Registrant ist, ist das Standardverfahren von GAMCO zur Einreichung eines Schedule 13D-Eigentumsoffenlegungsformulars nicht möglich. Diese Pressemitteilung dient als alternative Methode zur Eigentumsbenachrichtigung. GAMCO Investors verwaltet Vermögenswerte über verschiedene Tochtergesellschaften, einschließlich privater Beratungsmandate und offener/geschlossener Fonds, und nutzt dabei ihren Private Market Value mit einem Catalyst™-Investitionsansatz.

Positive
  • Significant stake acquisition of 8.93% in Burnham Holdings
  • Strategic expansion of investment portfolio
Negative
  • None.

GREENWICH, Conn.--(BUSINESS WIRE)-- GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), along with certain other affiliates, collectively own on behalf of their clients approximately 296,400 shares of Class A common stock of Burnham Holdings, Inc. (OTCPK: BURCA) (“Burnham”) which represents approximately 8.93% of Burnham’s Class A shares outstanding.

Due to the fact that BURCA is not an SEC Registrant, GAMCO’s usual process of filing an ownership disclosure form on Schedule 13D is not available. Therefore, this press release serves as notice of GAMCO’s ownership on behalf of their clients. GAMCO Investors, Inc., through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.

David Goldman

(914) 921-7793



For further information please visit www.gabelli.com

Source: GAMCO Investors, Inc.

FAQ

What percentage of Burnham Holdings does GAMCO own as of 2024?

GAMCO Asset Management owns approximately 8.93% of Burnham Holdings' Class A shares, representing about 296,400 shares.

Why did GAMCO (GAMI) issue a press release instead of filing Schedule 13D?

GAMCO issued a press release because Burnham Holdings is not an SEC Registrant, making the usual Schedule 13D filing process unavailable.

How many Class A shares of Burnham Holdings does GAMCO (GAMI) own?

GAMCO Asset Management owns approximately 296,400 shares of Burnham Holdings' Class A common stock.

What investment style does GAMCO (GAMI) use for managing assets?

GAMCO uses the Private Market Value with a Catalyst™ style of investment for managing assets.

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