On January 29, 2014, GAMCO Investors, Inc. announced that it would like to commend the Ascent Capital Group, Inc.'s Board of Directors for taking the necessary steps to effect the termination of the Company's rights agreement. In addition, GAMCO Investors stated that it will withdraw the shareholder proposal it submitted to the Company on December 12, 2013 regarding the redemption of the preferred share purchase rights issued pursuant to the Company's rights agreement, dated September 17, 2008, as amended, as the proposal has been substantially implemented by the Company.