2000 IMPORTANT TAX INFORMATION FOR SHAREHOLDERS
MASSACHUSETTS & SOUTH CAROLINA STATES
The following information indicates, by state, reduction of capital gains tax for capital gains
for the calendar year ended December 31, 2000:
|
MASSACHUSETTS (a) |
|
SOUTH
CAROLINA (b) |
| |
1-2 Years |
2-3 Years |
3-4 Years |
4-5 Years |
5+ Years |
|
2+ Years |
| Gabelli Funds |
| Asset Fund |
6.80% |
15.96% |
3.77% |
10.39% |
63.08% |
|
93.21% |
| Growth Fund |
76.66% |
8.20% |
8.72% |
4.12% |
2.30% |
|
23.33% |
| Equity Income Fund |
11.20% |
14.82% |
6.36% |
7.50% |
60.12% |
|
88.80% |
| Small Cap Growth Fund |
30.67% |
20.56% |
7.29% |
4.74% |
36.74% |
|
69.33% |
| Value Fund |
7.66% |
51.65% |
4.93% |
7.87% |
27.89% |
|
92.34% |
| ABC Fund |
68.61% |
31.18% |
0.21% |
0.00% |
0.00% |
|
31.39% |
| Global Telecom Fund |
9.80% |
8.85% |
9.23% |
29.44% |
42.68% |
|
90.20% |
| Global Convertible Securities Fund |
32.44% |
48.41% |
0.00% |
19.15% |
0.00% |
|
99.80% |
| Global Opportunity Fund |
100.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
0.00% |
| Global Growth Fund(Interactive Couch Potato ®) |
72.60% |
18.96% |
5.64% |
0.11% |
2.69% |
|
27.40% |
| International Growth Fund |
34.47% |
11.52% |
45.22% |
5.79% |
0.00% |
|
62.53% |
| Equity Trust |
0.63% |
8.88% |
15.76% |
40.99% |
33.74% |
|
99.37% |
| Global Multimedia Trust |
24.23% |
11.99% |
8.81% |
30.19% |
24.78% |
|
75.77% |
| Convertible Securities Fund |
32.244% |
48.41% |
0.00% |
19.15% |
0.00% |
|
99.80% |
| Gabelli Westwood Funds |
| Balanced Fund |
69.84% |
17.79% |
10.78% |
1.20% |
0.39% |
|
30.17% |
| Equity Fund |
64.78% |
29.65% |
4.79% |
0.78% |
0.00% |
|
35.23% |
| SmallCap Equity Fund |
100.00% |
0.00% |
0.00% |
0.00% |
0.00% |
|
0.00% |
|
(a) Massachusetts income tax law provides for a reduction of capital gains realized based on the
holding period of the securities sold. Listed above, for each fund, is the percentage of capital gains
reported on Form 1099-DIV (Box 2a), that were realized on securities in accordance with the required
holding periods.
(b) South Carolina income tax law provides for a reduction of capital gains tax for capital gains
realized on securities sold which were held for more than two years. Listed above, for each fund, is
the percentage of capital gains reported on Form 1099-DIV (Box 2a), that were realized on securities
held for more than two years.
It is recommended that shareholders consult a personal tax advisor for applicability of the information
provided. If you have any questions, please call us at 1-800-GABELLI (1-800-422-3554). One of our investor
representatives will assist you. We do not provide tax advice, but can provide statistical information
useful for such purposes.
|