GAMCO Investors Declares $2.00 Special Dividend Boost

GAMCO Investors Declares $2.00 Special Dividend

GAMCO Investors, Inc. (OTCQX: GAMI) has announced a remarkable decision to issue a special cash dividend of $2.00 per share, which is set to be distributed to its Class A and Class B shareholders. This payment will take place nearly a month after the record date, which is the close of business on September 30. Shareholders can expect to receive this payment on an upcoming date, with a total distribution amounting to approximately $48.4 million based on the number of shares currently outstanding.

A Legacy of Shareholder Returns

Since becoming a publicly traded entity in 1999, GAMCO has consistently demonstrated its focus on generating value for its shareholders. This special dividend is an addition to the approximately $644.5 million the company has already returned to its investors in the form of dividends. GAMCO’s commitment to its shareholder base is evident in its thoughtful approach to distributing profits, as highlighted by this latest decision.

Investment Philosophy

At the heart of GAMCO's operations is a research-driven value investment strategy known as PMV with a Catalyst™. The company operates primarily through subsidiaries such as Gabelli Funds, LLC, which manages an array of open-end and closed-end funds, actively managed ETFs, and a SICAV. Additionally, GAMCO Asset Management Inc. oversees approximately 1,400 separate accounts for both institutional and private wealth clients. This broad reach ensures that GAMCO can effectively cater to a diverse clientele, including institutions, intermediaries, offshore investors, private wealth segments, and direct retail investors.

Diverse Offerings for Clients

GAMCO’s portfolio of investment solutions is extensive. Clients benefit from a unique mix of Value and Growth Equity investments, convertible securities, actively managed ETFs, sector-focused strategies, and Merger Arbitrage. Notably, GAMCO also offers Fixed Income products, alongside a comprehensive selection of U.S. Treasury Money Market funds, ensuring that diverse investment needs are met effectively.

Understanding Forward-Looking Statements

While this announcement is filled with optimism, it is essential to understand the nature of forward-looking statements. Such statements reflect the company's current expectations or projections of future events and outcomes. They are not guaranteed and carry inherent risks and uncertainties. Factors like market fluctuations, changes in the economy, and unforeseen events can all impact GAMCO's actual results versus its expectations.

Company Contact Information

For more details regarding this announcement or other corporate inquiries, Kieran Caterina, the Senior Vice President and Chief Accounting Officer, can be reached at (914) 921-5149. Potential investors or shareholders are encouraged to stay informed about the company's activities and offerings, reinforcing the importance of communication in the investment landscape.

Frequently Asked Questions

What is the amount of the special dividend declared by GAMCO Investors?

GAMCO Investors has declared a special cash dividend of $2.00 per share.

When will the special dividend be paid to shareholders?

The special dividend is scheduled to be paid on November 4 to shareholders of record as of September 30.

How much total will GAMCO distribute in this special dividend?

GAMCO anticipates distributing approximately $48.4 million in total based on outstanding shares.

How has GAMCO Investors returned value to its shareholders historically?

Since its public inception in 1999, GAMCO has returned about $644.5 million to its shareholders through dividends.

What are GAMCO’s investment strategies?

GAMCO follows a research-driven value approach to investing and offers a range of investment solutions including equities, ETFs, and fixed income.

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