GAMCO Investors, Inc. (GBL)

MUMBAI, India--(BUSINESS WIRE)-- #BioBasedChemicals--A new specialty biochemical plant has been inaugurated at the Sakarwadi manufacturing facility in Maharashtra, India.

MONTREAL, QC / ACCESSWIRE / May 3, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Fady Mansour, CFO of Loop Industries, and Kevin O'Dowd, Vice President of Communications and Investor Relations, will be speaking at the 9th Annual Waste & Sustainability Symposium hosted by Gabelli Funds, LLC. The symposium will take place on May 11th, 2023, at The Harvard Club in New York, NY, and will bring together companies focused on waste management, water treatment, and the environment.

GREENWICH, Conn--(BUSINESS WIRE)--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 will enter 2023 as a deregistered company trading under the symbol “GAMI” on the OTCQX platform. GAMCO will be issuing further details on its financial results in early February. About GAMCO Investors, Inc. GAMCO is known for its research-driven value approach to equity investing (known in the trade as PMV with a CatalystTM). GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the U.S.) 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, 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. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS The financial results set forth in this press release are preliminary. Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, 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, the economy, the effects of the Tax Cuts and Jobs Act, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that could cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, a general downturn in the economy that negatively impacts our operations, and the ongoing impacts of the Tax Cuts and Jobs Act with respect to tax rates and the non-deductibility of certain portions of NEO compensation. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

GREENWICH, Conn.--(BUSINESS WIRE)--GAMCO Investors, Inc. (“GAMCO”) (OTCQX: GAMI) today reported its operating results for the quarter ended September 30, 2022. Giving Back to Society Since the inception of GAMCO’s shareholder designated charitable contribution program in 2013, shareholders have designated charitable gifts of $48 million to approximately 350 charitable organizations, including $11.3 million in 2021. Since our initial public offering in February 1999, our firm’s combined charitable donations total approximately $74 million. Sustainability Initiatives To demonstrate our commitment to being good environmental stewards, we have waived the fees and absorbed all costs on the initial $100 million in assets in Love Our Planet & People (“LOPP”). LOPP, the first in a series of semi-transparent exchange traded funds (“ETFs”), invests in sustainability-focused companies including those engaged in renewable power generation and transmission, water purification and conservation, and the reduction of long-lived wastes. In addition, we have taken steps to offset our own carbon footprint by installing solar panels and charging stations at our offices. Results for the Third Quarter In the third quarter, the Company took several steps to position the Company for future growth, including redeeming the remaining $34 million of subordinated notes issued to shareholders, accelerated the vesting of 253,700 restricted stock awards (“RSAs”), and commencing the process of voluntarily moving the trading of its shares to the OTCQX which will free up resources for implementing growth strategies, with a focus on technology, client service, and marketing. $ 61,918 $ 75,907 18,001 40,676 9,427 29,161 $ 0.36 $ 1.09 26,370 26,832 25,904 27,096 $ 27,633 $ 33,539 29,999 34,625 On October 6, 2022, GAMCO filed Form 15, which suspended the requirement to file Forms 10-Q, 10-K, and 8-K with the SEC, we will continue to file PCAOB audited statements and reports similar to Forms 10-Q, 10-K, and 8-K with the OTC Markets as well as post them to our website. On October 7, 2022, the Company’s shares started trading on the OTCQX under the symbol “GAMI”. Revenues Revenues for the third quarter of 2022 were $61.9 million compared with $75.9 million in the third quarter of 2021. Investment advisory fees were $56.2 million in the third quarter of 2022 versus $69.1 million in the year ago quarter: Fund revenues were $38.8 million compared to $48.0 million in the third quarter of 2021. Institutional and Private Wealth Management revenues, which are generally billed on portfolio values at the beginning of the quarter, were $15.2 million compared to $19.2 million in last year’s third quarter. SICAV revenues were $2.2 million compared to $1.9 million in the year ago quarter. Fund revenues were $38.8 million compared to $48.0 million in the third quarter of 2021. Institutional and Private Wealth Management revenues, which are generally billed on portfolio values at the beginning of the quarter, were $15.2 million compared to $19.2 million in last year’s third quarter. SICAV revenues were $2.2 million compared to $1.9 million in the year ago quarter. Distribution fees from our equity mutual funds and other income were $5.7 million during the third quarter of 2022 and $6.8 million in the prior year quarter. Operating Income Operating income was $18.0 million versus $40.7 million in the third quarter of 2021. We note, on a comparable basis, the acceleration of RSAs during the third quarter of 2022 resulted in an additional $1.5 million of compensation expense. Non-Operating Income Mark-to-market investment losses were $1.8 million in the third quarter of 2022 versus losses of $1.2 million in the third quarter of 2021. Interest expense was $0.6 million in the third quarter of 2022 versus $0.8 million in the third quarter of 2021. Income Taxes GAMCO’s effective tax rate (“ETR”) for the quarter ended September 30, 2022 was 39.4% versus 24.5% for the quarter ended September 30, 2021. Balance Sheet GAMCO ended the quarter with cash and investments of $158.5 million. Business Highlights The Gabelli U.S. Treasury Money Market Fund, which has the lowest cost of any 100% U.S. Treasury money market fund, benefitted from $868 million of net inflows during the third quarter of 2022 bringing the total assets in the fund to over $2.7 billion. On July 1st, Ellsworth Growth and Income Fund (NYSE: ECF) had a $25 million closing of a private placement of 4.40% Series B Cumulative Preferred Shares. On September 8th, we hosted our 28th Annual Aerospace & Defense Symposium in New York City. The symposium featured leading companies in the Aerospace and Defense industries. Subsequent to the end of the 3rd quarter: On October 31st and November 1st, we hosted our 46th Annual Automotive Symposium in Las Vegas. The symposium featured presentations from senior management of leading automotive and electric vehicle suppliers. We will host our Fourth Annual Healthcare Symposium in conjunction with Columbia Business School on November 18th. Return to Shareholders During the quarter, GAMCO paid a dividend of $0.04 per share for a total of $1.1 million and purchased 491,093 shares for $8.8 million at an average price of $17.81 per share. From October 1, 2022 to November 7, 2022, the Company has purchased 75,697 shares at an average price of $14.62 per share. On November 7, 2022, GAMCO’s board of directors declared a regular quarterly dividend of $0.04 per share, which is payable on December 27, 2022 to class A and class B shareholders of record on December 13, 2022. About GAMCO Investors, Inc. GAMCO is known for its research-driven value approach to equity investing (known in the trade as PMV with a CatalystTM). GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the U.S.) 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, 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. 2022 Inflows Outflows (depreciation) reinvestments 2022 2021 $ 8,354 $ 189 $ (367 ) $ (482 ) $ (5 ) $ 7,689 $ 9,856 7,036 25 (43 ) (312 ) (126 ) 6,580 8,238 10,569 64 (426 ) (375 ) - 9,832 13,051 886 78 (146 ) (33 ) - 785 728 26,845 356 (982 ) (1,202 ) (131 ) 24,886 31,873 1,836 1,705 (838 ) 12 - 2,715 1,634 32 - - - - 32 32 1,868 1,705 (838 ) 12 - 2,747 1,666 $ 28,713 $ 2,061 $ (1,820 ) $ (1,190 ) $ (131 ) $ 27,633 $ 33,539 2022 2021 2022 2021 $ 56,215 $ 69,147 $ 180,225 $ 199,502 5,703 6,760 16,919 19,957 61,918 75,907 197,144 219,459 29,539 21,965 82,812 83,945 1,730 - 3,407 5,552 6,599 7,781 20,416 22,523 6,049 5,485 18,282 19,460 43,917 35,231 124,917 131,480 18,001 40,676 72,227 87,979 (1,793 ) (1,218 ) (8,354 ) 2,735 (648 ) (814 ) (2,235 ) (2,101 ) (2,441 ) (2,032 ) (10,589 ) 634 15,560 38,644 61,638 88,613 6,133 9,483 17,471 26,401 $ 9,427 $ 29,161 $ 44,167 $ 62,212 $ 0.36 $ 1.11 $ 1.68 $ 2.36 $ 0.36 $ 1.09 $ 1.66 $ 2.32 26,152 26,222 26,319 26,310 26,370 26,832 26,604 26,863 25,904 27,096 25,904 27,096 2022 2021 2021 $ 112,274 $ 142,027 $ 152,615 28,744 20,259 17,737 17,464 12,085 11,824 3,241 3,930 4,629 22,569 34,943 28,137 10,216 6,707 9,058 10,718 11,721 12,330 $ 205,226 $ 231,672 $ 236,330 $ - $ 14,990 $ 75 750 315 2,414 37,932 21,049 47,767 45,094 50,448 45,787 83,776 86,802 96,043 - 50,990 52,102 83,776 137,792 148,145 121,450 93,880 88,185 $ 205,226 $ 231,672 $ 236,330 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, 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, the economy, the effects of the Tax Cuts and Jobs Act, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that may cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, a general downturn in the economy that negatively impacts our operations, and the ongoing impacts of the Tax Cuts and Jobs Act with respect to tax rates and the non-deductibility of certain portions of named executive officer compensation. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Annual Report on Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law. Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI). Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund 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 800 GABELLI or visit www.gabelli.com

RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life cycle within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those with exposure to electric vehicles. Investors should contact their relationship person for more information or use the links below to register. Presenting Firms Day 1 Day 2 10:30am Gabelli Auto Team 7:50am Gabelli Auto Team 11:00 Wallbox NV (NYSE: WBX) 8:00 Myers Industries (NYSE: MYE) 11:30 Dana Inc. (NYSE: DAN) 8:30 Electrovaya Inc. (OTC: EFL-TO) Noon MP Materials Corp. (NYSE: MP) 9:00 AutoNation Inc. (NYSE: AN) 12:30pm Gentex Corp. (NASDAQ: GNTX) 9:30 Motorcar Parts of America, Inc. (NASDAQ: MPAA) 1:00 Donaldson Company Inc. (NYSE: DCI) 10:00 Genuine Parts Company (NYSE: GPC) 1:30 Penske Group Inc. (NYSE: PAG) 10:30 Monro Muffler Brake Inc. (NASDAQ: MNRO) 2:15 AASA 11:00 Standard Motor Products Inc. (NYSE: SMP) 3:15 Garrett Motion Inc. (NASDAQ: GTX) 11:30 AutoZone (NYSE: AZO) 3:45 Rush Enterprises (NASDAQ: RUSHA) Noon Hyliion Virtual Truck Tour (NYSE: HYLN) 4:15 Commercial Vehicle Group (NASDAQ: CVGI) 1:00pm O'Reilly Automotive, Inc. (NASDAQ: ORLY) 1:30 Piedmont Lithium Inc. (NASDAQ: PLL) 2:00 CarParts.com (NASDAQ: PRTS) Waldorf Astoria, Las Vegas October 31 and November 1, 2022 Day 1 registration link: https://gabelli.zoom.us/webinar/register/WN_NKrH5fqjSDiuCqALhqrDRg Day 2 registration link: https://gabelli.zoom.us/webinar/register/WN_n2qRsCPgRMmWurSgVA_GnQ For general inquiries or to request one-on-one meetings, contact: Miles McQuillen, AVP Private Wealth Management, MMcQuillen@gabelli.com Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

GREENWICH, Conn.--(BUSINESS WIRE)--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. Assets under management were $27.6 billion at September 30, 2022 as compared to $28.7 billion at June 30, 2022. GAMCO will be issuing further details on its financial results in early November. About GAMCO Investors, Inc. GAMCO is known for its re

GREENWICH, Conn.--(BUSINESS WIRE)--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. Assets under management were $27.6 billion at September 30, 2022 as compared to $28.7 billion at June 30, 2022. GAMCO will be issuing further details on its financial results in early November. About GAMCO Investors, Inc. GAMCO is known for its research-driven approach to equity investing. 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. 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 Fixed Income. In 1977, GAMCO started its flagship All Cap Value strategy, Gabelli Value, and in 1986 launched its mutual fund business. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS The financial results set forth in this press release are preliminary. Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, 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, the economy, the effects of the Tax Cuts and Jobs Act, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that could cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, a general downturn in the economy that negatively impacts our operations, and the ongoing impacts of the Tax Cuts and Jobs Act with respect to tax rates and the non-deductibility of certain portions of NEO compensation. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life cycle within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those with exposure to electric vehicles. Investors should contact their relationship person for more information or use the links below to register. Presenting Firms Day 1 Day 2 Automotive Aftermarket Suppliers Association AutoNation, Inc. (NYSE: AN) Commercial Vehicle Group, Inc. (NASDAQ: CVGI) AutoZone, Inc. (NYSE: AZO) Dana Incorporated (NYSE: DAN) CarParts.com, Inc. (NASDAQ: PRTS) Donaldson Company, Inc. (NYSE: DCI) Garrett Motion Inc. (NASDAQ: GTX) Embark Technology, Inc. (NASDAQ: EMBK) Genuine Parts Company (NYSE: GPC) Gentex Corporation (NASDAQ: GNTX) Hyliion Holdings Corp. (NYSE: HYLN) Gentherm Incorporated (NASDAQ: THRM) Monro, Inc. (NASDAQ: MNRO) MP Materials Corp. (NYSE: MP) Motorcar Parts of America, Inc. (NASDAQ: MPAA) Penske Automotive Group, Inc. (NYSE: PAG) Myers Industries, Inc. (NYSE: MYE) Rush Enterprise, Inc. (NASDAQ: RUSHA) O'Reilly Automotive, Inc. (NASDAQ: ORLY) Stoneridge, Inc. (NYSE: SRI) Piedmont Lithium Inc. (NASDAQ: PLL) Wallbox N.V. (NYSE: WBX) Standard Motor Products, Inc. (NYSE: SMP) Waldorf Astoria, Las Vegas October 31 and November 1, 2022 Day 1 registration link: https://gabelli.zoom.us/webinar/register/WN_NKrH5fqjSDiuCqALhqrDRg Day 2 registration link: https://gabelli.zoom.us/webinar/register/WN_n2qRsCPgRMmWurSgVA_GnQ For general inquiries or to request one-on-one meetings, contact: Miles McQuillen, AVP Private Wealth Management, MMcQuillen@gabelli.com Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

GREENWICH, Conn.--(BUSINESS WIRE)--In the contacts section, the title for Mario Gabelli should read: Executive Chairman (instead of: Chair). The updated release reads:  GAMCO UPDATE ON NET CASH AFTER PAYING DEBT GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that GAMCO has $117 million of cash and cash equivalents and no debt subsequent to the September 15, 2022 payment of the $33.7 million principal amount of its subordinated notes due June 15, 2023. About GAMCO Investors, Inc. GA

GREENWICH, Conn.--(BUSINESS WIRE)--In the contacts section, the title for Mario Gabelli should read: Executive Chairman (instead of: Chair). The updated release reads: GAMCO UPDATE ON NET CASH AFTER PAYING DEBT GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that GAMCO has $117 million of cash and cash equivalents and no debt subsequent to the September 15, 2022 payment of the $33.7 million principal amount of its subordinated notes due June 15, 2023. About GAMCO Investors, Inc. GAMCO is known for its research-driven approach to equity investing. 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. 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 Fixed Income. In 1977, GAMCO started its flagship All Cap Value strategy, Gabelli Value, and in 1986 launched its mutual fund business. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS The financial results set forth in this press release are preliminary. Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, 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, the economy, the effects of the Tax Cuts and Jobs Act, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that could cause our actual results to differ from our expectations include risks associated with the duration and scope of the ongoing coronavirus pandemic resulting in volatile market conditions, a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, a general downturn in the economy that negatively impacts our operations, and the ongoing impacts of the Tax Cuts and Jobs Act with respect to tax rates and the non-deductibility of certain portions of NEO compensation. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

GREENWICH, Conn.--(BUSINESS WIRE)--GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that GAMCO has $117 million of cash and cash equivalents and no debt subsequent to the September 15, 2022 payment of the $33.7 million principal amount of its subordinated notes due June 15, 2023. About GAMCO Investors, Inc. GAMCO is known for its research-driven approach to equity investing. GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management I

GREENWICH, Conn.--(BUSINESS WIRE)--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 listi

GREENWICH, Conn.--(BUSINESS WIRE)--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 has filed an application for its common stock to be quoted on the OTCQX platform, operated by OTC Markets Group Inc. GAMCO will continue to provide information to its stockholders and to take such actions to enable a trading market in its common stock to exist. There is no guarantee, however, that a broker will continue to make a market in the common stock and that trading of the common stock will continue on the OTCQX or otherwise or that the Company will continue to provide information sufficient to enable brokers to provide quotes for its common stock. The Board of Directors of the Company (the “Board”) believes that the decision to delist the common stock from the NYSE and deregister and suspend its reporting obligations under the Exchange Act is in the best interest of the Company and its stockholders. The Board has determined that the burdens associated with operating as a registered public company outweigh any advantages to the Company and its stockholders at this time. The Board’s decision was based on careful review of numerous factors, including the significant cost savings of no longer preparing and filing periodic reports with the SEC; the reduction of significant legal, audit and other costs associated with being a reporting company; as well as the substantial costs and demands on management’s time under the Sarbanes-Oxley Act of 2002, SEC rules and NYSE listing standards. The Board also based its decision on the Company’s intention to provide liquidity to its stockholders following the delisting by taking actions within its control to have the common stock traded on the OTCQX. Once delisted and deregistered, the Board believes that the Company will redirect its financial and management resources to a wider range of business opportunities. About GAMCO Investors, Inc. GAMCO is known for its research-driven value approach to equity investing (known in the trade as PMV with a CatalystTM). GAMCO conducts its investment advisory business principally through two subsidiaries: GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the U.S.) 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, 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. Forward-Looking Statements This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. All forecasts, projections, future plans or other statements, other than statements of historical fact, are forward-looking statements and include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “plan,” “believe,” “would” and words and phrases of similar import. The forward looking statements in this press release are also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, and involve substantial risks and uncertainties. We can give no assurance that such expectations will prove to be correct. Actual results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of the Company.

RYE, N.Y.RYE, N.Y.--(BUSINESS WIRE)--In the first paragraph, second sentence and the Agenda information of release dated September 6, 2022, the Symposium start time should read: 7:45 AM (instead of 8:00 AM). The updated release reads: GABELLI FUNDS TO HOST 28th ANNUAL AEROSPACE & DEFENSE SYMPOSIUM THURSDAY, SEPTEMBER 8, 2022 Gabelli Funds, LLC, will host the 28th Annual Aerospace & Defense Symposium at the Harvard Club in New York City on Thursday, September 8, 2022. The Symposium begins at 7:45 AM and will be available virtually via webcast. This research meeting will feature presentations by senior management of leading aerospace and defense companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Agenda Opening remarks Tony Bancroft, Gabelli Funds Satellite Panel 7:45 AM Kleos Space (ASK: KSS) Andy Bowyer, CEO Spire Global Inc. (NYSE: SPIR) Theresa Condor, COO (Virtual) Terran Orbital Corporation (NYSE: LLAP) Marc Bell, CEO; Gary Hobart, CFO 8:30 Avio S.p.A. (BIT: AVIO) Matteo Picconeri, IR 9:00 HEICO Corporation (NYSE: HEI) Victor H. Mendelson, Co-President 9:30 Graham Corporation (NYSE: GHM) Daniel Thoren, CEO; Christopher Thome, CFO 10:00 Crane Holdings Co. (NYSE: CR) Richard Maue, CFO; Jay Higgs, President Aerospace; Jason Feldman, IR 10:30 Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) Eileen Drake, CEO 11:00 Kaman Corporation (NYSE: KAMN) Ian Walsh, New CEO; Jamie Coogan, CFO 11:30 Textron Inc. (NYSE: TXT) Frank Connor, CFO; Eric Salander, IR 12:00 pm Lunch Break 12:15 Moog Inc. (NYSE: MOG.A) Pat Roche, COO; Jennifer Walter, CFO 12:45 AAR Corp. (NYSE: AIR) Sean Gillen, CFO; Dylan Wolin, IR (Virtual) 1:15 Ducommun Incorporated (NYSE: DCO) Chris Wampler, CFO; Suman Mookerji, IR 1:45 Albany International Corp. (NYSE: AIN) Stephen Nolan, CFO; John Hobbs, IR 2:15 RADA Electronic/Leonardo DRS (NASDAQ: RADA) Bill Lynn, CEO; Michael Dippold, CFO 2:45 Mynaric AG (NASDAQ: MYNA) Bulen Altan, CEO (Virtual) 3:15 Elbit Systems Ltd. (NASDAQ: ESLT) Rami Myerson, IR 3:45 Park Aerospace (NYSE: PKE) Matt Farabaugh, CFO Harvard Club, New York City For inquiries or to request one-on-one meetings, contact: September 8, 2022 at 7:45 AM Miles McQuillen, MMcQuillen@gabelli.com Virtual Conference Registration: CLICK HERE Assistant Vice President, Private Wealth Management Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.

RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 28th Annual Aerospace & Defense Symposium at the Harvard Club in New York City on Thursday, September 8, 2022. The Symposium begins at 8:00 AM and will be available virtually via webcast. This research meeting will feature presentations by senior management of leading aerospace and defense companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Agenda 7:50 am     Opening remarks Tony Bancroft

RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those exposed to electric vehicles. Investors should contact their relationship person for more information or use the links below to register. Presenting Companies: Automotive Aftermarket Suppliers Association Monro, Inc. (NASDAQ: MNRO) AutoNation, Inc. (NYSE: AN) Motorcar Parts of America, Inc. (NASDAQ: MPAA) AutoZone, Inc. (NYSE: AZO) MP Materials Corp. (NYSE: MP) CarParts.com, Inc. (NASDAQ: PRTS) Myers Industries, Inc. (NYSE: MYE) Commercial Vehicle Group, Inc. (NASDAQ: CVGI) O'Reilly Automotive, Inc. (NASDAQ: ORLY) Dana Incorporated (NYSE: DAN) Penske Automotive Group, Inc. (NYSE: PAG) Donaldson Company, Inc. (NYSE: DCI) Rush Enterprise, Inc. (NASDAQ: RUSHA) Garrett Motion Inc. (NASDAQ: GTX) Standard Motor Products, Inc. (NYSE: SMP) Gentex Corporation (NASDAQ: GNTX) Stoneridge, Inc. (NYSE: SRI) Gentherm Incorporated (NASDAQ: THRM) Wallbox N.V. (NYSE: WBX) Genuine Parts Company (NYSE: GPC) Waldorf Astoria, Las Vegas October 31 and November 1, 2022 Day 1 registration link: https://gabelli.zoom.us/webinar/register/WN_NKrH5fqjSDiuCqALhqrDRg Day 2 registration link: https://gabelli.zoom.us/webinar/register/WN_n2qRsCPgRMmWurSgVA_GnQ For general inquiries or to request one-on-one meetings, contact: Miles McQuillen, MMcQuillen@gabelli.com Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.