Gabelli Asset Management's
directors have approved the filing of a "shelf" registration allowing the company to sell up to $400 million in securities, announced officials in a release
. The amount is in addition to $120 million still available from a 2001 shelf filing.
"The proceeds from securities sold under the shelf will be used for general corporate purposes, including working capital, the expansion of investment product offerings, enhanced distribution and marketing of existing investment products, strategic acquisitions and share repurchases," stated officials.
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