Gabelli Woodland Small Cap Value Fund Acquires Assets of FMI Woodland Small Capitalization Value Fund.RYE, N.Y. -- On June 30, 2005, Gabelli Woodland Small Cap Value Fund (Gabelli Woodland Fund) completed the acquisition of the assets of FMI FMI Fondo Monetario Internacional (Spanish: International Monetary Fund) FMI Fonds Monétaire International FMI For More Information FMI Food Marketing Institute FMI Fundo Monetário Internacional Woodland Small Capitalization Value Fund (FMI Woodland Fund) in a tax-free reorganization. Shareholders of the FMI Woodland Fund became shareholders of Class AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. shares of the Gabelli Woodland Fund. The Gabelli Woodland Fund is managed by Gabelli Funds, LLC, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Gabelli Asset Management Inc., a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (NYSE NYSE See: New York Stock Exchange :GBL) listed on the NYSE. In 2002, GAMCO Investors, Inc. acquired Woodland Partners, LLC which, at that time, was the sub-adviser to the FMI Woodland Fund with Fiduciary Management Inc. as the Advisor. GAMCO Investors, Inc. then became the sub-adviser to the FMI Woodland Fund with Beth Lilly and Dick Jensen continuing as portfolio managers. In 2005, Fiduciary Management Inc., elected to relinquish its advisory role of the FMI Woodland Fund and a tax-free reorganization was arranged with the Gabelli Woodland Fund. The Gabelli Woodland Fund seeks long-term appreciation by investing in the common stocks of smaller capitalization companies (generally under $1.5 billion), which the portfolio manager believes are undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. in the marketplace. A prospectus for the Gabelli Woodland Fund is available from Gabelli & Company by calling 1-800-GABELLI (422-3554) or by visiting our website at www.gabelli.com. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. The prospectus contains more information about this and other matters and should be read carefully before investing. |
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