The Comstock Funds announced the monthly distribution from net investment income for the Comstock Strategy Fund. The dividend is payable on June 27, 2001 to shareholders of record on June 26, 2001. The ex-dividend, payment and reinvestment date is June 27, 2001.

The Comstock Funds are managed by Gabelli Funds, LLC and distributed by Gabelli & Company, Inc., subsidiaries of Gabelli Asset Management Inc., which is a publicly traded NYSE listed company.

For further information call Bruce N. Alpert at 914-921-5105 or 1-800-GABELLI (1-800-422-3554).