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Gabelli Asset Management Inc. (NYSE: "GBL") will host a conference on Dividends and their role in
investment decisions on April 22 at the Museum of Television & Radio (25 West 52nd Street) in
New York City. Beginning at 8:30 am, the half-day symposium, “Dividends: Taxable or Non-Taxable?”,
follows a Gabelli tradition of sponsoring meetings on topics that impact investor strategy. Past
topics have included Active vs. Passive stock selection, The Role of Hedge Funds as a Way of
Generating Absolute Returns and, in 2001, a conference extolling the virtues of Value Investing.
Meyer Feldberg, Dean of Columbia Graduate School of Business, is scheduled to introduce Professor
Bruce C.N. Greenwald, the Robert Heilbrunn Professor of Finance at Columbia Graduate School of
Business, who will set the stage for debate by discussing the role of dividends in determining both
cost of capital, as well as their importance in generating long-term returns for equity owners.
He will then introduce R. Glenn Hubbard, formerly Chairman of the President’s Council of Economic
Advisers, and Martin J. Whitman, Chairman and Co-Chief Investment Officer of Third Avenue Management
LLC, to debate the implications that dividends have for the markets and the economy.
Lawrence A. Kudlow, CEO of Kudlow & Co. and co-host of CNBC’s “Kudlow & Cramer”, will moderate a
panel of investment strategists to discuss the issue of dividend taxation. Panelists include
Steven M. Galbraith, Chief Investment Strategist at Morgan Stanley, Clifford S. Asness, Founder of
AQR Capital Management, and Andrew J. Kessler, Co-Founder and President of Velocity Capital Management.
The conference will conclude with a panel of prominent portfolio managers who are responsible for
running funds where dividends are a focal point of investment decision making. Moderated by Russel
Kinnel, Director of Mutual Fund Analysis for Morningstar, Inc., the panel includes Jeb B. Doggett of
Casey, Quirk & Acito, LLC, Brian C. Rogers of T. Rowe Price, David J. Winters of Franklin Mutual
Advisers, and Mario J. Gabelli of Gabelli Asset Management.
Gabelli Asset Management Inc., through its subsidiaries, manages more than $20 billion in assets of
mutual funds and closed-end funds (Gabelli Funds, LLC), partnerships (Alternative Investment Group)
and private advisory accounts (GAMCO).
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