IMPORTANT TAX INFORMATION FOR 2000
FOR IMMEDIATE RELEASE
Rye, NY
January 22, 2001
For information:
1-800-GABELLI

The Gabelli Family of Funds announced the Dividend Tax Breakdowns for the Closed End Funds for 2000.

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Gabelli Equity Trust Common Stock
Gabelli Equity Trust 7.25% Tax Advantaged Pfd Stock

The Gabelli Multimedia Trust Common Stock
The Gabelli Multimedia Trust 7.92% Cumulative Pfd Stock

The Gabelli Convertible Securities Fund Common Stock
The Gabelli Convertible Securities Fund 8.00% Cumulative Pfd Stock

The Gabelli Utility Trust Common Stock