RYE, N.Y.--(EON: Enhanced Online News)--GAMCO Investors, Inc. (GAMCO) (NYSE: GBL) announced today that more than 99% of eligible shares participated in distributing over $5.3 million to eighty six different 501(c)(3) charities through GAMCO’s Shareholder Designated Charitable Contribution program.
GAMCO adopted the Shareholder Designated Charitable Contribution program as a means to allow registered shareholders to designate a charitable contribution of corporate funds, based on their ownership interest, to a charitable organization of their choice. Each shareholder was eligible to direct a donation of $0.25 per share to a designated charity.
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 June 30, 2013, GAMCO had $40.5 billion in assets under management.
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.