Shareholders of TETON Westwood Mighty Mites℠ Fund & TETON Convertible Securities Fund Elect Gabelli Funds as Sub-Advisor
February 27 2017 - 4:27PM
Business Wire
Teton Advisors, Inc. (OTC PINK:TETAA) announced that the
shareholders of the TETON Westwood Mighty MitesSM Fund and TETON
Convertible Securities Fund voted to approve Gabelli Funds, LLC as
sub-advisor.
The TETON Westwood
Mighty MitesSM Fund has approximately $1.2
billion of assets and invests primarily in micro-cap
equity securities that have market capitalizations of $500
million, or less, at initial purchase. The
inception date of the Fund was May 11, 1998.
Portfolio managers Mario J. Gabelli, CFA and
Laura S. Linehan, CFA, who have managed this Fund
since 1998, continue as the portfolio managers of the
Fund.
The sub-advisory arrangement eliminates the
current dual-employment contract for the
managers, simplifies the structure, and
provides better organizational efficiencies. There are no
other changes to the Fund. Joining Mr. Gabelli and Ms.
Linehan are portfolio managers Elizabeth M. Lilly, CFA, a
member of the team since 2011, and Paul D. Sonkin, a member
since 2013.
The TETON Convertible Securities Fund is managed by
the convertible securities team at Gabelli Funds. Thomas
Dinsmore, CFA, Jane O’Keeffe and James Dinsmore, CFA bringing more
than 50 years of experience in researching and investing in
convertibles.
About Teton Advisors Inc.
Teton Advisors, Inc. (OTC Pink: TETAA) is a multi-strategy
investment management company, and is the registered investment
adviser to seven open-end mutual funds under the TETON Westwood
brand. We offer our funds and separately managed accounts to
individuals and institutions directly and through third party
intermediaries. At December 31, 2016, Teton’s assets under
management were approximately $1.4 billion.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Funds before
investing. The prospectus, which contains more complete information
about this and other matters, should be read carefully before
investing. To obtain a prospectus please call 1-800-WESTWOOD or
visit www.tetonadv.com. The Teton Mutual Funds
are distributed by G.distributors, LLC., a registered broker-dealer
and member of FINRA.
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version on businesswire.com: http://www.businesswire.com/news/home/20170227006572/en/
Teton Advisors, Inc.Nicholas Galluccio,
914-457-1071ngalluccio@tetonadv.com
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