GBL - GBL STOCK NEWS

Gabelli Funds and Columbia Business School will host the 15th Annual Omaha Research Conference via webcast on May 1, 2021, before the Berkshire Hathaway Annual Meeting. The conference includes a session titled Berkshire – Lessons from the History with Macrae Sykes interviewing Adam Mead, author of “The Complete Financial History of Berkshire Hathaway.” A panel discussion From Graham to Buffett & Beyond will feature prominent investors including Mario Gabelli and Samantha Greenberg. Register for the event through the provided links.

The Gabelli Dividend & Income Trust (GDV) has completed an exchange offer for its Auction Rate Preferred Shares. The Fund received tenders for 96% of the outstanding shares, resulting in the issuance of 5,817 Series J Preferred Shares and a cash payment of $1,119,000 for fractional shares. The Series J shares will pay dividends quarterly, starting at 1.70% for the first three years and increasing to 4.50% thereafter. They have a mandatory redemption date of March 26, 2028, and the offer ran from March 17 to April 14, 2021.

GAMCO Investors, Inc. (NYSE: GBL) anticipates first quarter 2021 diluted earnings between $0.55 and $0.59 per share, up from $0.42 per share in Q1 2020. The firm reported assets under management of $33.4 billion as of March 31, 2021, compared to $27.5 billion a year earlier. Detailed financial results will be disclosed in early May. GAMCO operates through its subsidiaries, focusing on various investment strategies, serving a diverse clientele including institutions and retail investors.

The Gabelli Utility Trust (NYSE:GUT) has successfully completed its transferable rights offering, issuing 7,885,840 common shares and raising gross proceeds of $43,372,120. The offering was over-subscribed, with total subscriptions of approximately $72 million, equating to 167% of available shares. Approximately 64% of shares were subscribed in the primary round, with the rest in over-subscription. New shares will be issued around April 20, 2021, and will qualify for the Fund's May distribution.

GAMCO Investors, Inc. (NYSE:GBL) has appointed Peter D. Goldstein as General Counsel, effective April 16, 2021. Goldstein brings extensive experience in asset management and regulation, having rejoined GAMCO in July 2020 as General Counsel of Gabelli Funds. He previously worked as the General Counsel at Buckingham Capital Management and had a background at the SEC. The company appreciates Kevin Handwerker's eight years of service in this role as he retires. GAMCO, known for its research-driven equity investments, serves a broad array of clients through its various subsidiaries.

The Gabelli Utility Trust (NYSE:GUT) has announced a transferable rights offering for existing common shareholders as of March 11, 2021. Each shareholder will receive one transferable right for each common share held, enabling them to purchase additional shares at a subscription price of $5.50 for every seven rights. The offering will trade on the NYSE starting March 9, 2021, and will expire on April 14, 2021. Proceeds may be used for investments or to redeem preferred stock. However, any shares acquired will not be eligible for upcoming distributions on March 24 and April 23, 2021.

Gabelli Funds, LLC will host the 7th Annual Waste & Environmental Services Symposium on March 18, 2021, from 8:00 am to 4:00 pm via webcast. The conference will feature presentations from senior management of leading companies, focusing on industry dynamics, new technologies, and company fundamentals. Participating companies include Sharps Compliance Corp., Waste Management, Waste Connections, and more. Register for the Virtual Conference.

The Gabelli Funds' Growth Innovators ETF (NYSE: GGRW) is now available for trading, targeting companies that benefit from digital acceleration. It aims to include businesses utilizing advanced technologies such as AI and machine learning. The ETF leverages the pandemic's impact, which has accelerated digital transformation and increased technology adoption.

However, this ETF differs from traditional ones, as it does not disclose its assets daily, presenting potential risks, such as higher trading costs and price discrepancies from the actual portfolio value.

Gabelli Funds, LLC will host the 31st Annual Pump, Valve & Water Systems Symposium on February 25, 2021, via webcast from 7:30 am to 4:30 pm. Moderated by industry experts, the event will include presentations and discussions focusing on macroeconomic trends, digitalization, sustainability, and capital allocation. Participating companies include Ametek, Franklin Electric, Badger Meter, and others. Notably, Dover Corporation will not present but will hold investor meetings. For more details, visit the Gabelli website.