GAMCO Investors, Inc. (NYSE: GBL) announced today that its Board of Directors declared its
quarterly dividend of $.03 per share to all of its Class A and Class B shareholders, payable
on December 26, 2006 to shareholders of record on December 12, 2006.
GAMCO paid its first dividend in the amount of $.02 per share to its Class A shareholders
in December 2003 and began paying a quarterly dividend to all shareholders in June 2004.
Since that time, GAMCO has paid a total of $1.96 per share in dividends to Class A and
Class B shareholders, including $1.70 per share in special dividends. The quarterly dividend
was increased by the Board of Directors to $.03 per share beginning in the fourth quarter 2005.
GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO
Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships
and offshore funds (Gabelli Securities, Inc.). As of September 30, 2006, GAMCO had approximately
$26.6 billion in assets under management.
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 self-regulatory 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.