Gabelli Equity Income Fund Class C (GEICX)

Overview

The fund is designed to serve investors looking to achieve a blend of capital appreciation and current income, focusing on investing in income-producing equity securities from both U.S. and non-U.S. companies. By committing at least 80% of its net assets in such securities, the fund targets a diversified portfolio that includes common stocks, preferred stocks, and convertible securities. This strategy aims to provide investors with a balanced approach to earning returns through both the potential increase in equity value and income generated from the equity holdings.

Products and Services

• Common Stock

  A type of investment that represents ownership in a corporation. Common stockholders usually have voting rights and are entitled to receive dividends. Investing in common stock offers the potential for capital appreciation if the value of the stock increases over time.

• Preferred Stock

  This is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred stocks typically pay dividends at a fixed rate and have priority over common stock in dividend payments and liquidation. The focus on preferred stock is to provide investors with a consistent income stream.

• Convertible Securities

  These are bonds or preferred shares that can be converted into a predetermined number of common stock or equity shares. The main advantage of convertible securities is that they offer the income features of bonds (interest payments) with the potential to convert into equity to benefit from stock price appreciation.