Christopher Marangi is a Co-Chief Investment Officer of the Value Group at GAMCO Investors, Inc. and the Portfolio Manager
of the Gabelli Media Mogul NextShares.
The above webcast is an excerpt from a Bloomberg broadcast that appeared on December 5, 2016. The webcast is made
available by Bloomberg and is provided on GAMCO's website for your convenience only.
GAMCO is providing these links as a matter of general information. We do not intend for these links to be a complete
description of any security or company and it is not an offer or solicitation to buy or sell any security, nor is it a
research report with respect to any of the companies mentioned herein.
As of November 30, 2016, affiliates of GAMCO Investors, Inc. beneficially owned 2.06% of Dish Network Corp., 9.36% of CBS
Class A, 10.34% of Viacom Class A and less than1% of AT&T, Time Warner, Comcast, T-Mobile, Sprint, Verizon, CBS Class B,
Viacom Class B, Twenty First Century Fox, British Sky Broadcasting, Charter Communications, Starz and Lions Gate.
Mr. Marangi's views are subject to change at any time based on market and other conditions. The information in this posting
represents the opinions of Mr. Marangi and is not intended to be a forecast of future events, a guarantee of future results,
or investment advice. Views expressed are those of Mr. Marangi and may differ from those of other GAMCO officers, Portfolio
Managers, other employees, or of the Firm as a whole. GAMCO receives compensation from CBS and Verizon for investment
Discussion of any particular security or performance of any particular fund by a Bloomberg commentator, other Bloomberg
guests and the Portfolio Manager do not represent an offer of any product or service available from GAMCO Investors, Inc.
and is not representative of any portfolio of any fund or account managed by the company.
This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
NextShares is a trademark of NextShares Solutions LLC. Used with permission.
Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be
individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other,
rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in
transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for
the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind,
a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet
redemptions. Redemptions may be effected partially or entirely in case when in-kind delivery is not practicable or deemed
not in the best interest of shareholders. A fund's basket is not intended to be representative of the fund's current
portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate
with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed
stocks and ETFs. Buying and selling NextShares may require payment of brokerage commissions and expose transacting
shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a
shareholder's NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower
premium to NAV than he or she acquired the shares.
Fund performance is sensitive to stock market volatility. Investment in foreign instruments or currencies can involve greater
risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other
conditions. No fund is a complete investment program, and you may lose money investing in a fund, including loss of
principal. The Fund invests a significant portion of its assets in companies in the media industry. The Fund's shares may be
more susceptible to government regulation, greater price volatility for the overall market, rapid obsolescence of products
and services, intense competition, and strong market reactions to technological developments.
All investments are subject to risks, including possible loss of principal. Please consider the investment objectives,
risk, charges and expenses of Gabelli NextShares before investing. Please carefully read a copy of the Gabelli NextShares
prospectus or summary prospectus before investing, which contains this and other information about Gabelli NextShares; you
can obtain a copy of the prospectus or summary prospectus by calling 800 422-3554, or visit our website at
The Gabelli Media Mogul Nextshares is an Exchange Trade Managed Fund. Creation units of Gabelli NextShares will be
distributed by G.distributors, LLC, an affiliate of Gabelli Funds, LLC, the investment advisor to Gabelli NextShares.