Gamco Investors might repurchase some zero-coupon debentures due 2015

By Angela McDaniels

Tacoma, Wash., May 2 - Gamco Investors, Inc.'s board of directors formed a pricing committee of independent directors to consider repurchasing some of its zero-coupon subordinated debentures due Dec. 31, 2015, according to a company news release.

The principal amount of debentures outstanding was $86.3 million as of March 31.

Gamco Investors is based in Rye, N.Y. It manages private advisory accounts through Gamco Asset Management Inc., mutual funds and closed-end funds through Gabelli Funds, LLC and partnerships and offshore funds through Gabelli Securities, Inc.

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