GAMCO Investors, Inc. (OTCQX: GAMI) is a pioneer in value equity and is recognized to have developed the Private Market Value with a Catalyst™ stock selection process. This time-tested investment approach has been utilized in client portfolios since our firm’s inception in 1977. Today GAMCO provides solutions across value and growth equity asset classes, socially responsive, convertibles, industry sector-specific funds, merger arbitrage, and fixed income. The firm’s offerings include client-directed customized separate accounts, open and closed-end mutual funds, and SMAs. GAMCO’s investment process is based upon bottom-up, fundamental investing and security selection is the primary source of alpha generation. Rigorous company and sector research, combined with long-term accumulated knowledge of sectors and companies over decades, created our information advantage. Our portfolios tend to realize high active share: we seek to uncover opportunities overlooked by most investors.