Gates’s Cascade Reports 15.9% Passive Stake in Gabelli’s Gamco

  • Investment is through a convertible note with a 4.5% coupon
  • Cascade has made such an investment in Gamco previously

Cascade Investment, the family office that invests the wealth of Microsoft Corp. co-founder Bill Gates, has agreed to purchase a note that could be converted into a 15.9 percent stake in Gamco Investors Inc., the asset management firm founded by Mario Gabelli.

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