OTC Markets Group Welcomes GAMCO Investors, Inc. to OTCQX
On October 7, 2022, GAMCO Investors announced its voluntary delisting from the New York Stock Exchange, transitioning to the OTCQX Best Market under the symbol GAMI. Known for its investment advisory services, GAMCO serves around 1,400 institutional clients and private wealth investors. This move aims to enhance cost-efficiency and simplify public trading, allowing GAMCO to meet high financial standards and comply with securities laws. The company operates primarily through GAMCO Asset Management and Gabelli Funds, offering a range of investment strategies and products.
- GAMCO's transition to OTCQX is expected to reduce trading costs and complexity for the company.
- Qualifying for OTCQX indicates compliance with high financial standards and best practices in corporate governance.
- None.
NEW YORK, Oct. 07, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) has voluntarily delisted from the New York Stock Exchange and has qualified to trade on the OTCQX® Best Market. GAMCO is a widely-recognized provider of investment advisory services to open-end funds, closed-end funds, actively managed semi-transparent exchange traded funds (ETFs), a societe d’investissement a capital variable (SICAV), and approximately 1,400 institutional and private wealth management investors, primarily in the United States.
GAMCO begins trading today on OTCQX under the symbol “GAMI.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.
About GAMCO Investors, Inc.
GAMCO is known for its research-driven approach to equity investing, (known in the trade as PMV with a Catalyst™). GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts) and Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, 4 actively managed semi-transparent ETFs, and a SICAV).
GAMCO serves a broad client base including institutions, intermediaries, offshore investors, private wealth, and direct retail investors. In recent years, GAMCO has successfully integrated new teams of RIAs by providing attractive compensation arrangements and extensive research capabilities.
GAMCO offers a wide range of solutions for clients across Value and Growth Equity, ESG, Convertibles, actively managed semi-transparent ETFs, sector-focused strategies including Gold and Utilities, Merger Arbitrage, and U.S. Treasury Money Market Fixed Income. In 1977, GAMCO launched its flagship All Cap Value strategy, Gabelli Value, and in 1986 entered the mutual fund business.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
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