The Distribution Plan provides for distribution of the disgorgement, prejudgment
interest, and penalties totaling $16 million paid by Gabelli Funds LLC plus any
accumulated interest, less any federal, state or local taxes on the interest.
The Distribution Plan provides that the calculation of amounts to be distributed
to investors will be based on records of Gabelli Funds LLC and records obtained
from third-party intermediaries. Accordingly, the funds are not being distributed
according to a claims-made process. The Distribution Plan provides for the
distribution of the monies to eligible investors in the Gabelli Global Growth
Fund to compensate them for losses resulting from market timing.
A copy of the Distribution Plan may be obtained from the Commission's website http://www.sec.gov.
