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.
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 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
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
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Discussion of any particular security or performance of any particular fund by a CNBC commentator, other CNBC guests 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.
This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell shares, they may be worth less than what you paid for them.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the
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The Fund's net asset value ("NAV") per share 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. 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.
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