The Gabelli Utilities Fund
FOR IMMEDIATE RELEASE
Rye, New York
December 27, 2006
The Gabelli Utilities Fund - Class AAA (Fund # 470) (GABUX-Nasdaq), Class A (Fund # 1653) (GAUAX - Nasdaq), Class B (Fund # 1654) (GAUBX - Nasdaq) and Class C (Fund # 1655) (GAUCX - Nasdaq) continues its policy of distributing monthly $0.07 per share on the third business day prior to each month end.
The source of the distributions will be net investment income and capital gains, or paid in capital. Based on current earnings on a book basis, approximately $0.02 per share of the ordinary income distribution is a return of capital. All of the distributions paid during the year will be redesignated for tax purposes after year-end 2006.
The Gabelli Utilities Fund is managed by Gabelli Funds, LLC and distributed by Gabelli & Company, Inc., subsidiaries of GAMCO Investors, Inc. (NYSE:GBL)
For further information call Agnes Mullady at 914-921-8371 or 1-800-GABELLI (1-800-422-3554).