Articles from GAMCO Investors, Inc.

– Fund Managers to Discuss Long Term Wealth Creation through the Ownership of Equities –

GAMCO reviewed Project Rise Partners “Open” Letter to Paramount Shareholders published on the Globe News Wire at 11:56 a.m. today. The letter addresses the offer Project Rise Partners made for Paramount at a price per share higher than the current merger price. Notwithstanding the expiration of the “Go Shop” period on August 21, 2024, Paramount’s Board has an obligation to consider any serious proposals prior to the finalization of the deal. GAMCO believes Paramount should respond to this offer and explain why it is not being or was not considered.

GREENWICH, Conn., Sept. 13, 2024 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) announced that effective September 13, 2024, its actively managed Gabelli Financial Services Opportunities ETF (NYSE Arca: GABF) will convert from a “semi-transparent” ETF to a “transparent” ETF and will disclose its portfolio holdings daily. This is subject to the registration statement being declared effective by the Securities and Exchange Commission.   From inception through September 10, 2024, GABF generated a total return of 71.9% and an annualized return of 26.0%.

GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,872,654 shares of Dril-Quip, Inc. (NYSE: DRQ) (“Dril-Quip”), representing 8.34% of the 34,452,230 outstanding shares. GAMCO intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”).

GAMCO Asset Management Inc. (“GAMCO”), an affiliate of GAMCO Investors, Inc. (OTCQX: GAMI), on behalf of its clients and certain of its affiliates owns approximately 2,866,654 shares of Dril-Quip, Inc. (NYSE: DRQ) (“Dril-Quip”), representing 8.32% of the 34,452,230 outstanding shares. GAMCO intends to vote “Against” the proposed merger with Innovex Downhole Solutions (“Innovex”).

On a public company’s recent publicly available 2023 Earnings Call only sell side analysts were permitted to ask a question. A GAMCO Investors, Inc. (OTCQX: GAMI) (“GAMCO”) buy side analyst was precluded from asking a question. GAMCO believes this process is inappropriate and that any shareholder of an Issuer that files a 13F should be given the opportunity to ask a question on a public conference call. Should any company not follow this open practice, it will be recommended to GAMCO’s proxy voting committee that GAMCO withhold votes for management of that company.

– Fund Managers to Discuss Long Term Wealth Creation through the Ownership of Equities –

GAMCO Investors, Inc. (“GAMCO”) (OTCQX:GAMI) announced today that it expects to report calendar 2022 diluted earnings in the range of $2.37 to $2.47 per share versus $2.73 per share for 2021.

GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) today reported its operating results for the quarter ended September 30, 2022.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that it expects to report third quarter 2022 diluted earnings in the range of $0.33 to $0.38 per share versus $1.09 per share for the third quarter of 2021.

In the contacts section, the title for Mario Gabelli should read: Executive Chairman (instead of: Chair).

GAMCO Investors, Inc. (NYSE: GBL) (“GAMCO” or the “Company”) announced today that it has given formal notice to the New York Stock Exchange (“NYSE”) of its intention to voluntarily delist its Class A common stock (the “common stock”) from the NYSE and to deregister under Section 12(b) of the Securities Exchange Act of 1934 (the “Exchange Act”). Following the de-listing from the NYSE, we expect to provide liquidity to GAMCO’s Class A stock shareholders by listing GAMCO Class A on the OTCQX platform (the “OTCQX”). GAMCO plans on filing a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) on or about September 26, 2022. The last day of trading in GAMCO’s common stock on the NYSE will be on or about October 6, 2022, when the Form 25 takes effect. Ninety days thereafter, GAMCO’s common stock deregistration is expected to become effective. When GAMCO files Form 15 on or about October 6, 2022, its filing obligations under the Exchange Act will immediately be suspended or terminated, including the filing of all reports on Forms 8-K, 10-Q and 10-K.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that it has elected to call the remaining $33.7 million principal amount of its subordinated notes due June 15, 2023 (CUSIP No. 361438AC8) (the “Notes”) at a price equal to $1,012.50 per $1,000 principal amount, which includes accrued and unpaid interest on such Notes through the September 15, 2022 payment date at the stated rate of 5.00% per annum. The Notes were issued to GAMCO shareholders as a special dividend of $2.00 per share in June 2021. GAMCO intends to fund the Notes repayment with cash on hand.

GAMCO Investors, Inc. ("GAMCO") (NYSE: GBL) a global leader in diversified financial services announced that it has created an Office of the CEO, and added Doug Jamieson to the role.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) today reported its operating results for the quarter ended June 30, 2022.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that it expects to report second quarter 2022 diluted earnings in the range of $0.62 to $0.67 per share versus $0.64 per share for the second quarter of 2021.

GAMCO Investors, Inc. ("GAMCO") (NYSE: GBL) a global leader in diversified financial services announced the appointment of Alexis Glick, a television personality and until earlier this year, the CEO of GENYOUth, a program to promote the health and well-being of public school youth, to its Board of Directors.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) today reported its operating results for the quarter ended March 31, 2022.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that it expects to report first quarter 2022 diluted earnings in the range of $0.64 to $0.68 per share versus $0.59 per share for the first quarter of 2021.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that it commenced a tender offer (the “Offer”) to purchase for cash up to $10 million aggregate principal amount of its 2-Year Puttable Subordinated Notes due 2023 (CUSIP No. 361438AC8) (the “Notes”) at a price equal to $1,014 per $1,000 principal amount of validly tendered and not properly withdrawn Notes (“Purchase Price”).

GAMCO Investors, Inc. ("GAMCO") (NYSE: GBL) a global leader in diversified financial services announced that it has appointed Douglas R. Jamieson to its Board of Directors.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) today reported its operating results for the year ended December 31, 2021.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that it expects to report fourth quarter 2021 diluted earnings in the range of $0.39 to $0.45 per share (Note that the fourth quarter was reduced by the $11.3 million Shareholder Designated Charitable Contribution, or $0.32 per share). For the full year 2021 diluted earnings are expected to be in the range of $2.71 to $2.77 per share versus $2.20 per share for 2020.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that its Board of Directors approved a $0.50 per share shareholder designated charitable contribution (“SDCC”). This brings the total charitable contributions to over $100 million when added to contributions since the inception of this program in 2013, the funds designated by Associated Capital (since its spinoff in 2015) and the direct donations by GAMCO since going public in 1999.

GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) today reported its operating results for the quarter ended September 30, 2021.