Profile: Gamco Investors, Inc. (GBL)

GAMCO Investors, Inc. (GBL) is a provider of investment advisory services to mutual funds, institutional and private wealth management investors, and investment partnerships, principally in the United States. Through Gabelli & Company, Inc., it provides institutional research services to institutional clients and investment partnerships. As of December 31, 2008, GBL had $20.7 billion of assets under management (AUM), of which 93% were in equity products. The Company conducts its investment advisory business principally through GAMCO Asset Management Inc. (Separate Accounts), Gabelli Funds, LLC (Mutual Funds) and Gabelli Securities, Inc. (Investment Partnerships). GBL also acts as an underwriter. GBL is a distributor of open-end mutual funds and provides institutional research through Gabelli & Company, Inc., its broker-dealer subsidiary. GBL markets most of its products under the Gabelli and GAMCO brand names. Other brands include Mathers, Comstock, Westwood and Woodland. GBL’s assets under management are organized into three groups: Institutional and Private Wealth Management, Mutual Funds and Investment Partnerships.

Institutional and Private Wealth Management

The Company provides advisory services to a range of investors, including private wealth management, corporate pension and profit-sharing plans, foundations, endowments, jointly trusteed plans and municipalities, and also serve as sub-advisor to certain other third-party investment funds including registered investment companies (Institutional and Private Wealth Management). Each Institutional and Private Wealth Management portfolio is managed to meet the specific needs and objectives of the particular client. As of December 31, 2008, the Company had $8.5 billion of Institutional and Private Wealth Management AUM.

Investment Partnerships

GBL provides advisory services to limited partnerships and offshore funds (Investment Partnerships). As of December 31, 2008, the Company managed a total of $295 million in Investment Partnership assets. It manages Investment Partnerships through its 92% majority owned subsidiary, Gabelli Securities, Inc. (GSI). The Investment Partnerships consist primarily of limited partnerships, offshore funds, Institutional and Private Wealth Management and merchant banking.

Open and Closed-End Funds

GBL provides advisory services to 21 open-end funds and nine closed-end funds. The Company, through Teton, advises the GAMCO Westwood family of funds, consisting of six open-end funds, three of which are managed on a day-to-day basis by Teton, and three are sub-advised by Westwood Management Corp., a wholly owned subsidiary of Westwood Holdings Group, Inc. Teton also advises the B.B. Micro Cap Growth Fund. At December 31, 2008, GBL had $11.9 billion of AUM in open-end funds and closed-end funds, representing approximately 58% of its total AUM.