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2 Years : From May 2011 to May 2013
GAMCO Investors, Inc. (NYSE: GBL) announced today that its Board of
Directors has formed a pricing committee consisting entirely of
independent directors to consider a repurchase of certain of its
outstanding 0% Debentures due December 31, 2015. There were $86.3
million (face value) of 0% Debentures outstanding at March 31, 2012.
GAMCO Investors, Inc., through its subsidiaries, manages private
advisory accounts (GAMCO Asset Management Inc.), mutual funds and
closed-end funds (Gabelli Funds, LLC), and partnerships and offshore
funds (Gabelli Securities, Inc.). As of March 31, 2012, GAMCO had $36.7
billion in assets under management.
THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN
OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release may contain some
forward-looking statements. Forward-looking statements give our current
expectations or forecasts of future events. In particular, these include
statements relating to future actions, future performance and financial
results. Although we believe that we are basing our expectations and
beliefs on reasonable assumptions within the bounds of what we currently
know about our business and operations, there can be no assurance that
our actual results will not differ materially from what we expect or
believe. We also direct your attention to any more specific discussions
of risk contained in our Form 10-K and other public filings. We are
providing these statements as permitted by the Private Litigation Reform
Act of 1995. We do not undertake to update publicly any forward-looking
statements if we subsequently learn that we are unlikely to achieve our
expectations or if we receive any additional information relating to the
subject matters of our forward-looking statements.