Howard Ward is the Chief Investment Officer of Growth Equities at GAMCO Investors, Inc.
GAMCO is providing this webcast as a matter of general information. We do not intend for this webcast 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.
The Chief Investment Officer's views, and those of any other GAMCO officer, Portfolio Manager or other
investment personnel are subject to change at any time based on market and other conditions. The information
in this posting represents the opinions of the individual(s) involved and is not intended to be nor is it
presented as, and it may not be interpreted or considered as, a forecast of future events, a guarantee of
future results, or investment advice. Views expressed are those of the individual(s) involved and may differ
from those of other GAMCO officers, Portfolio Managers, other employees or of the Firm as a whole. Because
the investment personnel 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.
This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
Investing in stocks involves risk of principal and may result in losses. Stocks are
subject to market, economic and business risks that cause their prices to fluctuate. Bonds, if held to maturity,
have the ability to return the principal investment while stocks make no such offer. Small capitalization stocks
are subject to significant price fluctuations and business risks. The stocks of smaller companies may trade less
frequently and experience more abrupt price movements than stocks of larger companies.
Investors should carefully consider the investment objectives, risks, charges and
expenses of the Fund before investing. The prospectus, which contains more complete information about this and
other matters, should be read carefully before investing. To obtain a prospectus, please call 800 GABELLI or