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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
February 18, 2004 at 07:00 PM
Feb. 17, 2004 — The Gabelli ABC (GABCX) Fund, which seeks to profit from corporate mergers and acquisitions, will reopen to new investors, starting in March.
The $307-million fund closed in October 2002 because corporate deal making had dropped off. Gabelli Asset Management said it is reopening the offering “in anticipation of increasing merger and acquisition activity.”
The fund will require a minimum initial investment of $50,000 when it reopens. At that time, shares will not be sold through intermediaries, and will be available for purchase only through Gabelli & Co. Inc., the fund’s principal distributor, or directly through the fund’s transfer agent, State Street Bank & Trust.
The fund, managed by veteran stock picker Mario Gabelli, returned 4.9% last year. For the five years ended Jan. 30, 2004, it returned 6% annualized.
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