One Corporate Center E P P M
Rye, NY 10580-1422 S V
Tel. (914) 921-5020
Fax (914) 921-5095
www.gabelli.com
MANAGEMENT
CASH FLOW
RESEARCHGAMCO Investors, Inc.
For Immediate Release Contact: Douglas R. Jamieson
President & Chief Operating Officer (914) 921-5020 djamieson@gabelli.com
For further information please visit
Kevin V. Dreyer Christopher J. Marangi www.gabelli.com
Gabelli Dividend & Income Trust Expands Investment Team with Kevin Dreyer and Chris Marangi Named Portfolio Managers Rye, NY, January 3, 2012 -- GAMCO Investors, Inc. (NYSE:GBL) announced the addition of Kevin V. Dreyer and Christopher J. Marangi to the investment team of the Gabelli Dividend & Income Trust (the "Fund"). Messrs. Dreyer and Marangi join Mario J. Gabelli and Barbara G. Marcin, who have been the team portfolio managers of the Fund since its launch on November 28, 2003, and Robert D. Leininger, who was named a portfolio manager on September 27, 2010.
Commenting on the appointments, Mr. Gabelli said, "We are
delighted to have Kevin and Chris join the Dividend & Income
Trust team. Kevin and Chris have an excellent foundation in
Graham & Dodd fundamental research that has served a number
of our funds well."
Mr. Dreyer joined Gabelli & Company, Inc. as a research
analyst in 2005, and currently leads the consumer research
team. He has been the Associate Portfolio Manager of the
GAMCO Global Opportunity Fund since 2006; the Gabelli
Healthcare & WellnessRx Trust since 2007; The
Gabelli Asset Fund since 2009; and a Co-Portfolio Manager of
the GAMCO Natural Resources, Gold & Income Trust by
Gabelli since 2011. He holds an MBA from Columbia
Business School. Mr. Dreyer previously worked as an
investment banking analyst at Banc of America Securities
following his graduation from the University of
Pennsylvania.
Mr. Marangi joined Gabelli & Company, Inc. as a research
analyst in 2003, and currently leads the digital research
team covering the global media and telecommunications
industries. He has been the Associate Portfolio Manager of
the Gabelli Value Fund since 2006; the Gabelli Global
Multimedia Trust since 2010; The Gabelli Asset Fund since
2010; and a Co-Portfolio Manager of the GAMCO Natural
Resources, Gold & Income Trust by Gabelli since
2011. He holds an MBA from Columbia Business School. Mr.
Marangi was previously an investment banking analyst at J.P.
Morgan & Co. and an Associate at Wellspring Capital
Management, a
private equity firm, following Williams College where he
graduated magna cum laude and Phi
Beta Kappa.
The Gabelli Dividend & Income Trust (NYSE:GDV) is a
non-diversified, closed-end management investment company
with $1.9 billion in total net assets. The Fund's primary
investment objective is to provide a high level of total
return with an emphasis on dividends and income.
GAMCO Investors, Inc. (NYSE:GBL), through its subsidiaries,
manages assets of private advisory accounts (GAMCO), mutual
funds and closed-end funds (Gabelli Funds, LLC), and
partnerships and offshore funds (Investment Partnerships) and
is known for its Private Market Value with a Catalyst™ style
of investment. As of September 30, 2011, GAMCO Investors,
Inc. had $31.3 billion in assets under management.
# # #
Our disclosure and analysis in this press release contain some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results.
Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, there can be no assurance that our actual results will not differ materially from what we expect or believe. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation: the adverse effect from a decline in the securities markets; a decline in the performance of our products; a general downturn in the economy; changes in government policy or regulation; changes in our ability to attract or retain key employees; and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. We also direct your attention to any more specific discussions of risk contained in our Form 10-K and other public filings. We are providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to
update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations or if we receive any additional information relating to the subject matters of our forward-looking statements.
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