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RYE, N.Y.–(BUSINESS WIRE)–GAMCO Investors, Inc. (NYSE:GBL) is pleased to announce the addition of The Honorable John G. Vonglis as Senior Advisor to Mario J. Gabelli, Chairman and CEO, with a primary focus on opportunities within the aerospace/defense, energy, and technology sectors. Mr. Vonglis will also serve as an advisor to LICT as it evolves into a communications provider and to LGL as it expands in the defense area.

Prior to this, John served as the Chief Financial Officer of the U.S. Department of Energy, a Senate confirmed position, and concurrently, as Chief Risk Officer and acting Director of the department’s Advanced Research Projects Agency (ARPA-E). John has served variously, three Presidential administrations, to include service at the Department of Defense as Chief Management and Chief Financial Officer of the U.S. Air Force. His private sector experiences encompass a broad array of C-suite financial and operational roles, and include firms such as IBM, PwC, Thomson Financial, Amdahl, The First Boston Corporation, and Grumman Aerospace.

In 2000, John was a candidate for the U.S. House of Representatives from his native New York. John also is a commissioned officer in the U.S. Army Reserve. In addition to his military and civilian awards, as a former Eagle Scout, John was recognized with Scouting’s National Outstanding Eagle Award. Mr. Vonglis holds an MIPP from The Johns Hopkins University, and MBA and BS degrees from Fordham University.

About GAMCO Investors, Inc.

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 is known for its Private Market Value with a Catalyst™ style of investment.

SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION

The financial results set forth in this press release are preliminary. Our disclosure and analysis in this press release, which do not present historical information, contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements convey 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, the economy, the effects of the Tax Cuts and Jobs Act, and other conditions, there can be no assurance that our actual results will not differ materially from what we expect or believe. Therefore, you should proceed with caution in relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors, some of which are listed below, that are difficult to predict and could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Some of the factors that could cause our actual results to differ from our expectations or beliefs include a decline in the securities markets that adversely affect our assets under management, negative performance of our products, the failure to perform as required under our investment management agreements, a general downturn in the economy that negatively impacts our operations, and the ongoing impacts of the Tax Cuts and Jobs Act with respect to tax rates and the non-deductibility of certain portions of NEO compensation. We also direct your attention to the more specific discussions of these and other risks, uncertainties and other important factors contained in our Form 10-K and other public filings. Other factors that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations whether as a result of new information, future developments or otherwise, except as may be required by law.

Contacts

Mario J. Gabelli

Chairman & C.E.O.

(914) 921-5043

For further information please visit

www.gabelli.com