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.
We prepared this video as a matter of general information. We do not intend for the video to be a complete description of any
security or company and it is not an offer or solicitation to buy or sell any security. All facts and statistics are from sources
we believe to be reliable, but we do not guarantee their accuracy. We do not undertake to advise you of changes in our opinion or
Commercial success also requires completion of enabling implementation technology and acceptance by market participants, which cannot be assured.
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 advisory services. This
video is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
As of March 31, 2017, affiliates of GAMCO Investors, Inc beneficially owned 3.4% of Liberty Braves and less than 1% of Charter Communications, Inc., Formula One Group, FTD Companies, Inc., General Communications, ILG, Inc., Home Shopping Network, Liberty Broadband, Liberty Interactive, Liberty Sirius XM Group.
NextShares is a trademark of NextShares Solutions LLC. Used with permission
Trading prices of Shares are linked to the Fund's next-computed NAV and will vary from NAV by a market-determined premium or
discount, which may be zero. Trading prices of Shares may be above, at or below NAV, and may vary significantly from anticipated
levels. Trading in Shares does not offer the opportunity to transact intraday based on current (end of day) determinations of
Shares' value. Buyers and sellers of Shares will not know the value of their purchases and sales until the Fund's NAV is
determined at the end of the trading day. Although limit orders can be used to control differences in trade price versus NAV
(cost of trade execution), they cannot be used to control or limit execution price.
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. As a new type of
Fund, NextShares have a limited operating history and may initially be available through a limited number of brokers. There can
be no guarantee that an active trading market for Shares will develop or be maintained, or that their listing will continue or
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 www.gabelli.com.
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.