Kevin Dreyer is an Associate Portfolio Manager at Gabelli Funds.
The above webcast is an excerpt from a CNBC broadcast that appeared on April 26, 2013. The webcast
is made available by CNBC and is provided on GAMCO's website for your convenience only.
GAMCO is providing these links as a matter of general information. We do not intend for these links to be
a complete description of any security or company and it is not an offer or solicitation to buy or sell
any security, nor is it a research report with respect to any of the companies mentioned herein.
As of March 31, 2013, affiliates of GAMCO Investors, Inc. beneficially owned 1.42% of DE Master Blenders, 2.25% of
Beam Inc., 3.05% of Hillshire Brands Co. and less than 1% of Heinz, Mondelez International and JM Smucker Co. The Gabelli
Asset Fund owned 730,000 shares of DE Master Blenders (representing less than 1% of the fund), 348,000 shares of Beam Inc.
(less than 1% of the fund), 394,971 shares of Mondelez International (less than 1% of the fund), 260,400 shares of
Hillshire Brands Co. (less than 1% of the fund), 18,800 shares of JM Smucker Co (less than 1% of the fund) and no shares
of Heinz. Individual securities mentioned are not representative of the entire portfolio.
The Associate Portfolio Manager's views are subject to change at any time based on market and other conditions.
The information in this posting represents the opinions of the individual Associate Portfolio Manager and is not
intended to be a forecast of future events, a guarantee of future results, or investment advice. Views expressed
are those of the Associate Portfolio Manager and may differ from those of other GAMCO officers, Portfolio Managers,
other employees, or of the Firm as a whole. Because the portfolio managers at GAMCO and our affiliates make
individual investment decisions with respect to the client accounts that they manage, these accounts may have
transactions inconsistent with the information contained in this posting. Certain GAMCO personnel may know the
substance of the posting prior to its posting. GAMCO and its affiliates may receive compensation from the companies
referenced herein or may be soliciting any company referenced herein as a client for their services.
Discussion of any particular security or performance of any particular fund by a CNBC commentator and the Associate
Portfolio Manager does not represent an offer of any product or service available from GAMCO Investors, Inc. and is
not representative of any portfolio of any fund or account managed by the company.
Favorable earnings prospects do not necessarily translate into higher stock prices.
This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are
subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be
worth less than what you paid for them. Consequently, you can lose money be investing in the Fund.
Investors should carefully consider the investment objectives, risks, charges and expenses of
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matters, should be read carefully before investing. To obtain a prospectus or summary prospectus, please call 800-GABELLI or
For more information, a prospectus, or summary prospectus visit our website at: www.gabelli.com
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