Tranche Update on GAMCO Investors, Inc.'s Equity Buyback Plan announced on August 10, 2020.
November 06, 2023
Share
From July 1, 2023 to September 30, 2023, the company has repurchased 159,518 shares, for $3.3 million. With this, the company has completed the repurchase of 2,392,172 shares, for $47 million under the buyback announced on August 10, 2020.
GAMCO Investors, Inc. is a provider of investment advisory services to open and closed-end funds semi-transparent exchange-traded funds (ETFs), and institutional and private wealth management. The Company manages assets on a fully discretionary basis and invests in a variety of United States and international securities through various investment styles, including value, growth, non-market correlated, and convertible securities. The Company conducts its investment advisory business principally through two subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end funds, five actively managed semi-transparent ETFs, and a societe d'investissement a capital variable (SICAV)) and GAMCO Asset Management Inc. (approximately 1,400 institutional and private wealth separate accounts, principally in the United States). It serves various client bases, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.