Gabelli's Blue Chip Value Fund renamed Gabelli Dividend Growth Fund

By Toni Weeks

San Diego, Nov. 1 - Gabelli Blue Chip Value Fund has changed its name to the Gabelli Dividend Growth Fund effective Nov. 1, according to a 497 filing with the Securities and Exchange Commission.

The name change will affect all of the fund's share classes, which are class AAA, class A, class B, class C and class I.

In addition, the trustees approved a new non-fundamental policy of the fund to invest at least 80% of its net assets in dividend-paying stocks, such as common stocks, preferred stocks and convertible securities.

The trustees also approved the deletion of a non-fundamental investment policy that stated the fund would invest at least 80% of its net assets in common stocks of "blue chip" companies, domestic or foreign companies that the portfolio manager believes have some combination of a well-known product, brand or name, strong balance sheet, 10 or more years of operations and substantial market capitalization.

Non-fundamental policy changes may be changed by the trustees without shareholder approval, although shareholders would receive at least 60 days prior notice to non-fundamental policy changes.

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