Gamco authorized to buy back up to $20 million zero-coupon debentures

By Toni Weeks

San Diego, Aug. 5 - Gamco Investors, Inc.'s board of directors has authorized the repurchase of up to $20 million of the company's zero-coupon subordinated debentures due Dec. 31, 2015, according to an 8-K filing with the Securities and Exchange Commission.

The board also declared a regular dividend of $0.04 per share payable on Sept. 27 to shareholders of record on Sept. 13.

Based in Rye, N.Y., Gamco provides investment advisory services to mutual funds, institutional and private wealth management investors.

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