GAMCO Announces $0.20 Per Share Shareholder Designated Charitable Contribution
Gamco Investors, Inc. (GBL)
Last gamco investors, inc. earnings: 2/5 04:07 pm
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US:NYSE Investor Relations:
gabelli.com/investor_relations.html
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Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)--GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that its Board of Directors has approved a $0.20 per share contribution under its shareholder designated charitable contribution (“SDCC”) program for all registered Class A and Class B shareholders.Since the inception of GAMCO’s SDCC program in 2013, shareholders have designated contributions of approximately $27 million to over 150 501(c)(3) initiatives. Over $52 million has been donated to charities by GAMCO, including through our SDCC program, since our initial public offering in February 1999.As background, Warren Buffett had a similar program at Berkshire Hathaway from 1981 to 2003. Charitable giving is a cornerstone of society and an obligation for those with the means to make a difference in the world. This program underscores our commitment to managing socially responsible portfolios since 1987. More recently, the socially responsible mandates have evolved to include integrating ESG (en
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