Larry Haverty, CFA is an Associate Portfolio Manager at Gabelli Funds.
The above webcast is an excerpt from a CNBC broadcast that appeared on October 15, 2014. The webcast is made
available by CNBC and is provided on GAMCO's website for your convenience only.
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As of September 30, 2014, affiliates of GAMCO Investors, Inc. beneficially owned less than 1% of Las Vegas Sands Corp. and no shares of Netflix. 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
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Stocks are subject to market, economic, and business risks that cause their prices to fluctuate. Investors acquire shares of the
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Leverage Risk. The use of leverage, which can be described as exposure to changes in price at a ratio greater than the amount of
equity invested, through the issuance of preferred shares, magnifies both the favorable and unfavorable effects of price movements
in the investments made by the Fund. The Fund's use of leverage in its investment operations subjects it to substantial risk of
Industry Concentration Risks. The Fund invests a significant portion of its assets in companies in the telecommunications, media,
publishing and entertainment industries and, as a result, the value of the Fund's shares is more susceptible to factors affecting
those particular types of companies and those industries, including governmental regulation, a greater price volatility than the
overall market, rapid obsolescence of products and services, intense competition and strong market reactions to technological
developments. As a consequence of its concentration policy, the Fund's investments may be subject to greater risk and market
fluctuation than a fund that has securities representing a broader range of alternatives.
For more information, visit our website at: www.gabelli.com or call: 800-GABELLI
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