GAMCO Investors, Inc. Announces Nominees to Board of Directors

Rye, NY
April 7, 2006
  Contact:    Douglas R. Jamieson
      President & Chief Operating Officer
      (914) 921-5020

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GAMCO Investors, Inc. (NYSE:GBL) today announced its nominees for election to its Board of Directors at its Annual Meeting of Shareholders on May 8, 2006.

The nominees include seven current board members who will stand for re-election: Edwin L. Artzt, John C. Ferrara, John D. Gabelli, Mario J. Gabelli, Karl Otto Pohl, Robert S. Prather and Vincent Tese. In addition, Richard L. Bready will be nominated for election to the Board.

Mr. Bready has been Chairman and Chief Executive Officer of Nortek, Inc. since December 1990. He joined Nortek, Inc. in 1975 as Treasurer, was elected a director in 1976 and was elected Executive Vice President and Chief Operating Officer in 1979. Prior to joining Nortek, Inc., Mr. Bready was an independent financial consultant and an audit manager with a major public accounting firm. He serves on the Board of Directors or Trustees of Professional Facilities Management, Inc.; Newport International Film Festival; Providence Performing Arts Center; Rhode Island Public Expenditure Council (RIPEC); the National Conference of Christians and Jews; the YMCA of Greater Providence; Saint Anslem College; Roger Williams University; and is a Trustee Emeritus of Trinity Repertory Company. Mr. Bready also serves on the Advisory Board of Sterling Investment Partners. He is a Corporation Member and serves on the National Council, Alumni Executive Forum and Audit Committee of Northeastern University. Mr. Bready is a Corporation Member of Rhode Island Hospital and Johnson & Wales University.

Further information will be included in GAMCO's Proxy Statement that will be filed with the Securities and Exchange Commission later this month.

GAMCO Investors, Inc., through its subsidiaries, manages $26.8 billion in assets of 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 December 31, 2005.


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