Welcome to our dedicated page for Gamco Invs news (Ticker: GAMI), a resource for investors and traders seeking the latest updates and insights on Gamco Invs stock.
Gamco Invs Inc (GAMI) maintains its position as a research-driven investment advisory firm through strategic equity focus and disciplined asset management. This news hub provides investors with essential updates on corporate developments, market strategies, and financial performance.
Access timely press releases and curated analysis covering earnings announcements, fund performance updates, leadership changes, and strategic initiatives. The repository serves as a centralized resource for tracking GAMI's implementation of its private market value catalyst strategy across institutional and private wealth management segments.
Key updates include regulatory filings, partnership announcements, and insights into the firm's approach to equity market challenges. Investors can monitor developments in closed-end fund management, wealth management innovations, and research methodology enhancements.
Bookmark this page for direct access to verified information about GAMI's operations, maintained with strict adherence to factual reporting standards. Regular updates ensure stakeholders maintain current awareness of this investment advisory leader's market activities.
Gabelli Funds announces its conference on Section 852(b)(6) scheduled for December 5, 2024, at The Paley Center in New York City. The event will explore important aspects of fund industry dynamics, focusing on tax implications for mutual funds and ETFs investors. Key topics include heartbeat trades, ETF tax alpha, and fund conversion trends.
The conference features three main sessions: ETF conversions, tax alpha discussions, and Section 852(b)(6) implications, with speakers from Practus LLP, Villanova University, Fordham University of Law, FactSet, and Bloomberg News. The event offers both in-person and virtual attendance options via Zoom.
Gabelli Funds, a Diamond Sponsor at the IMPACT® Conference in San Francisco, will host an interactive session on November 20, 2024, featuring key portfolio managers discussing long-term wealth creation through equities. Christopher J. Marangi, Ian Lapey, and John T. Belton will share insights on the U.S. economy, post-election stock outlook, investment ideas, AI impact, and global financial institutions' resilience.
The session takes place from 11:30 a.m.-12:30 p.m. at the Moscone Center during the conference running from November 19-21. As of September 30, 2024, GAMCO Investors (OTCQX: GAMI) managed approximately $32.2 billion in assets through its subsidiaries.
Gabelli Healthcare & WellnessRx Trust (NYSE: GRX) has declared a quarterly cash distribution of $0.15 per share, payable on December 20, 2024, to shareholders of record on December 13, 2024. The distribution composition is approximately 5% from net investment income, 84% from net capital gains, and 11% return of capital. The Board of Trustees reviews potential distributions quarterly, considering the Fund's net asset value and market conditions. The distribution policy may be modified or terminated at any time, and distributions might be subject to various tax treatments including long-term capital gains and qualified dividend income.
Gabelli Dividend & Income Trust (NYSE:GDV) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.11 per share for January, February, and March 2025. The distributions will be paid on January 24, February 21, and March 24, 2025, respectively. Based on current accounting records, the 2024 distributions comprise approximately 14% from net investment income and 86% from net capital gains on a book basis.
The Gabelli Utility Trust (NYSE:GUT) Board of Trustees has approved the continuation of its fixed monthly cash distributions policy, declaring $0.05 per share for January, February, and March 2025. The distributions will be paid on respective dates in each month. The Board continues to evaluate strategic opportunities in the current market environment. The Fund has maintained monthly distributions since October 1999. Currently, shares are trading at a premium to net asset value, which the Board believes may not be sustainable. The 2024 distributions comprise approximately 4% from net investment income and 96% return of capital on a book basis.
The Gabelli Convertible and Income Securities Fund (NYSE:GCV) has declared a $0.12 per share cash distribution payable on December 20, 2024, to shareholders of record on December 13, 2024. This fourth quarter distribution brings the total 2024 distributions to $0.48 per share, which is $0.18 higher than the 8% minimum annual distribution policy based on average NAV. The Fund's NAV has fluctuated between $3.63 and $3.86 over the past four quarters. The distribution may be treated as long-term capital gain or qualified dividend income, subject to applicable tax rates.
The Board of Trustees of Ellsworth Growth and Income Fund (ECF) has declared a $0.14 per share cash distribution payable on December 30, 2024. Shareholders of record as of November 22, 2024, can choose to receive the distribution in cash or beneficial shares. The Fund aims to pay either 5% of its trailing 12-month average month-end market price or meet minimum IRS distribution requirements. The distribution is taxable regardless of the payment method chosen, and shareholders must make their election by December 13, 2024. Those who don't make a choice will receive shares, with the amount determined on December 16, 2024, based on the lower of closing market price or net asset value.
Gabelli Funds and Columbia Business School are set to host their 6th Annual Healthcare Symposium at the Paley Center in New York City on November 15th, 2024. The half-day event will feature three major panel discussions focusing on surgical robotics, data interoperability, and atrial fibrillation treatments.
The symposium brings together healthcare executives and physicians to explore current and future industry trends. The agenda includes breakfast at 8:15am, followed by panel discussions featuring experts like Jeff Jonas, Gretchen Jackson, Michael Bouton, and Elaine Wan, among others. The event concludes at 12:20 with closing remarks.
GAMCO Investors (GAMI) reported strong Q3 2024 financial results with diluted EPS of $0.69, up from $0.52 in Q3 2023. Assets Under Management reached $32.2 billion, a 4.9% increase from Q2 2024. The company maintained a solid financial position with $261.0 million in cash and investments with no debt. Operating margin improved to 37.6% from 29.5% year-over-year. Total revenue was $57.5 million, slightly down from $59.5 million in Q3 2023. The board declared a special dividend of $2.00 per share and a regular quarterly dividend of $0.04 per share.
Gabelli Funds announces its 48th Annual Automotive Symposium scheduled for November 4-5, 2024, at the Encore at Wynn in Las Vegas. The two-day event features presentations from senior management of leading automotive and trucking companies, including OEM suppliers, retailers, aftermarket service providers, and next-gen tech companies focused on vehicle electrification.
The symposium provides a comprehensive 'cradle to grave' examination of the automotive ecosystem, featuring presentations from notable companies like AutoNation, AutoZone, Genuine Parts Company, and O'Reilly Automotive. The agenda includes a special keynote on the 'EVolving Landscape in Auto Repair' and concludes with a Gabelli Funds' Cocktail Reception.
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