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GAMCO Investors, Inc. (NYSE:GBL) is a prominent investment advisory services provider for various types of investors. Established in 1977 by Mario J. Gabelli, the company is renowned for its research-driven equity investment approach and the proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy. With $39.7 billion assets under management (AUM) as of December 31, 2016, 95% of which is invested in equities, GAMCO operates through two registered investment advisers: GAMCO Asset Management Inc. (institutional and private wealth management) and Gabelli Funds, LLC (funds). G.Distributors, LLC serves as an underwriter and distributor for the company's open-end funds.
GAMCO Investors, Inc. (OTCQX: GAMI) has announced a special cash dividend of $2.00 per share, payable on November 4, 2024, to Class A and Class B shareholders of record as of September 30, 2024. The aggregate payment will be approximately $48.4 million, based on 24.2 million outstanding shares. This dividend brings GAMCO's total shareholder returns through dividends to about $644.5 million since its 1999 public debut.
GAMCO, known for its PMV with a Catalyst™ approach, operates through Gabelli Funds, and GAMCO Asset Management Inc., offering a wide range of investment solutions including Value and Growth Equity, Convertibles, ETFs, and sector-focused strategies.
GAMCO Investors, Inc. (OTCQX: GAMI) announced that its Gabelli Financial Services Opportunities ETF (NYSE Arca: GABF) will convert from a "semi-transparent" to a "transparent" ETF on September 13, 2024, disclosing portfolio holdings daily. GABF has generated a total return of 71.9% and an annualized return of 26.0% since inception. The fund invests at least 80% of its net assets in financial services sector securities. GABF offers a loyalty program with no fees or expenses for the first $25 million invested until at least September 13, 2025. The ETF is managed by Macrae Sykes, a highly ranked investment services analyst.
Gabelli Funds, is hosting its 2nd Annual PFAS Symposium on September 26, 2024, at The Harvard Club in New York City. This event will bring together experts, policymakers, and industry executives to discuss Per- and Polyfluoroalkyl Substances (PFAS), their uses, replacements, and remediation efforts in water treatment.
The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to address the environmental and public health challenges posed by PFAS, which are widely used in industrial and commercial applications but raise concerns due to their toxicity and environmental persistence.
Participating companies include 374Water (SCWO), Arq (ARQ), Axine Water Technologies, BioLargo (BLGO), EcoBolt Water Systems, Essential Utilities (WTRG), Middlesex Water Company (MSEX), Minerals Technologies (MTX), PermaFix (PESI), SJW Group (SJW), and REGENESIS. Key speakers from the EPA and National Association of Water Companies will also be present.
Gabelli Funds is hosting its 30th Annual Aerospace & Defense Symposium on September 5, 2024, at The Harvard Club in New York City. The event will feature top executives from over ten companies in the aerospace and defense industry. Key themes include strong demand outlook, high barriers to entry, large aftermarket opportunity, growth exceeding GDP, defense spending, and M&A potential.
The symposium will run from 7:50 AM to 4:15 PM, with presentations from companies such as Moog Inc., Crane Holdings, HEICO , Textron Inc., and Curtiss-Wright . Attendees will have the opportunity for one-on-one meetings with management. The event aims to provide insights into the industry's current state and future prospects.
Gabelli Funds, is hosting its 30th Annual Aerospace & Defense Symposium on September 5, 2024, at The Harvard Club in New York City. The event will feature top executives from over ten companies in the aerospace and defense industry. Key themes include strong demand outlook, high barriers to entry, large aftermarket opportunity, growth exceeding GDP, defense spending, and M&A potential.
The symposium will run from 7:50 AM to 4:15 PM, with presentations from companies such as Moog Inc., Crane Holdings Co., HEICO , Textron Inc., and Curtiss-Wright . Attendees will have the opportunity to meet with management in one-on-one settings. The event aims to provide valuable insights into the aerospace and defense sector for investors and industry professionals.
Gabelli Funds, is hosting its 30th Annual Aerospace & Defense Symposium on September 5, 2024, at The Harvard Club in New York City. The event will feature top executives from over ten companies in the aerospace and defense industry. Key themes include strong demand outlook, high barriers to entry, large aftermarket opportunity, growth exceeding GDP, defense spending, and M&A potential.
Featured companies include AAR Corp., Albany International Corp., Astronics , Bridger Aerospace Group Holdings, Crane Holdings Co., Curtiss-Wright , Ducommun Incorporated, Elbit Systems , Graham , HEICO , Kopin , Moog Inc., Park Aerospace Corp., Redwire , Textron Inc., VSE , and Woodward, Inc. Attendees will have the opportunity for one-on-one meetings with management. The symposium starts at 8:30 am, and interested parties can register online.
The Gabelli Utility Trust (NYSE:GUT) has announced the continuation of its monthly cash distribution policy. The Board of Trustees has declared $0.05 per share distributions for October, November, and December 2024. The Fund has consistently paid monthly distributions since October 1999.
Key points:
- The Board is evaluating strategic opportunities in the current market environment
- The Fund's shares are trading at a premium to net asset value, which may not be sustainable
- Distributions may include long-term capital gains and qualified dividend income
- Approximately 8% of 2024 distributions are from net investment income, while 92% are deemed return of capital
The Fund's distribution policy is subject to modification, and shareholders should consider tax implications and consult financial advisors for personalized advice.
The Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared $0.11 per share distributions for October, November, and December 2024. The Board is also evaluating strategic opportunities in the current attractive equity market environment.
Key points:
- Distribution dates: October 24, November 21, and December 20, 2024
- Record dates: October 17, November 14, and December 13, 2024
- 2024 distributions: Approximately 14% from net investment income, 86% from net capital gains
- The Fund's distribution policy is subject to modification
- Shareholders will receive Form 1099-DIV for tax reporting in early 2025
The Gabelli Healthcare & WellnessRx Trust (NYSE:GRX) has declared a $0.15 per share cash distribution for the third quarter, payable on September 23, 2024 to shareholders of record on September 16, 2024. The Fund aims to pay quarterly distributions, with the amount determined by the Board of Trustees. Additionally, an adjusting distribution may be paid in December to meet minimum distribution requirements.
The distribution breakdown for 2024 is estimated as 5% from net investment income, 88% from net capital gains, and 7% deemed return of capital. However, this is subject to final determination after year-end. Shareholders will receive detailed tax information via Form 1099-DIV in early 2025. The Fund's distribution policy is subject to modification by the Board of Trustees, considering factors such as net asset value and market conditions.
The Board of Trustees of Ellsworth Growth and Income Fund (NYSE American: ECF) has declared a $0.13 per share cash distribution for September 23, 2024, to shareholders of record on September 16, 2024. The Fund aims to distribute either 5% of its trailing 12-month average month-end market price or meet the minimum distribution requirement for regulated investment companies.
The distribution may include long-term capital gains and qualified dividend income, subject to a maximum federal tax rate of 20% for individuals. The Fund's 2024 distributions are estimated to comprise 44% from net investment income and 56% from net capital gains. Shareholders will receive detailed tax information for 2024 distributions in early 2025 via Form 1099-DIV.
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