gamco investors inc-a (GBL) Key Developments
Gamco Investors Appoints Andrew Bell to Chair New US Activist Trust
Jan 28 15
Gamco Investors, has hired Witan chief executive Andrew Bell to chair its first investment trust in the UK. Bell, who recently stepped down as chairman of the Association of Investment Companies (AIC), will be backed by Richard Fitzalan Howard, executive chairman of FF&P Asset Management, who also sits on the board of JP Morgan Smaller Companies investment trust. The other directors on the board of the new trust are Charles Irby, former chairman of Aberdeen Asset Management who is also a director of Chris Mill's North Atlantic Smaller Companies investment trust, and Rudolf Bohli, who heads up RBR Capital Advisors in Zurich.
The Gabelli Asset Management Company (GAMCO) Launches the Gabelli Value Plus+ Trust
Jan 13 15
GAMCO Investors, Inc. announced the proposed launch of a UK listed closed-end fund, The Gabelli Value Plus+ Trust (the Trust), to invest in U.S. equities. The Trust will be managed by Gabelli Funds, LLC and is targeting a fund raise between £100 million and £250 million. As part of the offering, GAMCO Investors, Inc. will invest 10% of the total capital raised in the issue and it is anticipated that the Trust will begin trading in February on the London Stock Exchange under the symbol GVP. The Trust will provide UK investors with direct access to the same broad approach that has brought GAMCO its recognition in the U.S.
GAMCO Investors, Inc. Elects Marc Gabelli to Board of Directors
Nov 12 14
GAMCO Investors, Inc. announced the election of Marc Gabelli to the board of GAMCO Investors, Inc. Marc Gabelli is President of GGCP, Inc., GAMCO Investors parent company. He is Co-Chairman of Gabelli Securities, Inc. Mr. Gabelli began his investment career in arbitrage at Lehman Brothers International.
Vince Capurso Re-Joins GAMCO Investors, Inc. as General Tax Counsel
Nov 10 14
GAMCO Investors, Inc. announced that Vince Capurso has rejoined the management team of GAMCO as General Tax Counsel. Vince originally joined GAMCO in 2000 as Vice President and Tax Counsel. Most recently Vince was Senior Vice President, Tax and Senior Tax Counsel of AMC Networks Inc.
GAMCO Investors, Inc. Declares Special Dividend and Quarterly Dividend. Payable on December 30, 2014
Nov 7 14
GAMCO Investors, Inc. announced that its Board of Directors declared a special dividend of $0.25 per share in addition to increasing its quarterly dividend by 17% to $0.07 per share to all of its Class A and Class B shareholders, payable on December 30, 2014 to its shareholders of record on December 16, 2014.