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Gabelli Asset Management Inc. (NYSE: GBL) announced today that its Board of Directors authorized
the repurchase of up to an additional 500,000 shares of its Class A Common Stock in the open
market at such times, prices and amounts to be determined by the company. After this additional
authorization, there are approximately 1,016,000 shares authorized and available for repurchase
under Gabelli's stock repurchase program. Gabelli has repurchased 427,600 shares of its Class A
Common Stock at an average cost of $41.58 per share in 2005 and a total of 3,201,226 shares at an
average cost of $37.08 since its repurchase program began in 1999.
Gabelli Asset Management Inc., through its subsidiaries, manages $27.6 billion in assets of
private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and
partnerships and offshore funds (Investment Partnerships).
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain some forward-looking statements. Forward-looking statements give our
current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or
current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and
terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include
statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and
financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds
of what we currently know about our business and operations, there can be no assurance that our actual results will not differ
materially from what we expect or believe. Some of the factors that could cause our actual results to differ from our expectations or
beliefs include, without limitation: the adverse effect from a decline in the securities markets; a decline in the performance of our
products; a general downturn in the economy; changes in government policy or regulation; changes in our ability to attract or retain
key employees; and unforeseen costs and other effects related to legal proceedings or investigations of governmental and selfregulatory
organizations. We also direct your attention to any more specific discussions of risk contained in our Form 10-K and other
public filings. We are providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to
update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations or if we
receive any additional information relating to the subject matters of our forward-looking statements.
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