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Tuesday, June 14, 2005|
Does Gabelli Have Plans?
Gabelli may be mulling over new funds. Rye, New York-based Gabelli Asset Management filed paperwork with the SEC Monday that would allow it to sell up to $400 million of new securities. The filing provides Gabelli the flexibility to periodically sell debt, preferred stock, or common stock or other securities.
In the filing, Gabelli officials said that the funds raised from the shelf filing would be used for general corporate purposes, including working capital and expanding business through new investment product offerings.
The size and price of any offering will be determined at the time of any sale.
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