GAMCO Policy on Precluding Questions During Public Company Conference Calls

Rhea-AI Summary

GAMCO Investors, Inc. expresses concern over the exclusion of buy side analysts from a recent earnings call, emphasizing the importance of shareholder participation. GAMCO manages assets of private advisory accounts, mutual funds, and closed-end funds, following a Private Market Value with a Catalyst™ investment style.

Positive

• None.

Negative

• Exclusion of buy side analysts from the earnings call may lead to shareholder dissatisfaction and potential proxy voting actions by GAMCO.

GREENWICH, Conn.--(BUSINESS WIRE)-- On a public company’s recent publicly available 2023 Earnings Call only sell side analysts were permitted to ask a question. A GAMCO Investors, Inc. (OTCQX: GAMI) (“GAMCO”) buy side analyst was precluded from asking a question. GAMCO believes this process is inappropriate and that any shareholder of an Issuer that files a 13F should be given the opportunity to ask a question on a public conference call. Should any company not follow this open practice, it will be recommended to GAMCO’s proxy voting committee that GAMCO withhold votes for management of that company.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240228946365/en/

Douglas Jamieson

Co-CEO, GAMCO Investors, Inc.

(914) 921-5020

For further information please visit

www.gabelli.com

Source: GAMCO Investors, Inc.

FAQ

Why was a GAMCO buy side analyst precluded from asking a question on the recent earnings call?

A GAMCO buy side analyst was not allowed to ask a question on the recent earnings call, which GAMCO finds inappropriate.

What assets does GAMCO manage?

GAMCO manages assets of private advisory accounts, mutual funds, and closed-end funds.

What investment style does GAMCO follow?

GAMCO is known for its Private Market Value with a Catalyst™ investment style.

What action will GAMCO take if a company does not allow shareholder questions on public conference calls?

GAMCO may recommend to its proxy voting committee to withhold votes for management of that company.

How can one find more information about GAMCO?

For further information, visit www.gabelli.com.