001-14761 GAMCO INVESTORS, INC. ( Financial Statements and Supplementary Data 39 Item 9. Principal Accountant Fees and Services 68 PART IV Item 15. They also appear in any discussion of future operating or financial performance. We estimate this will total approximately $5.4 million. As of December 31, 2020, we had $32.6 billion of AUM. AC is majority-owned by GGCP Holdings, LLC. Accordingly, Mr. Gabelli is deemed to control GBL. At the time of the distribution, the stock price of AC was $29.50 per share. Our objective is to develop long term client relationships. &# 8226; Hosting of Institutional Investor Symposiums. It also distributes funds managed by Teton and its affiliates. Distribution fees from the open-end Funds are computed daily based on average net assets. Class C shares have a 12b-1 distribution plan with a distribution fee totaling 1.00%. Our failure to comply with these requirements could have a material adverse effect on us. Foreign country regulations may have different levels of ownership limitations. These potential impacts, while uncertain, could adversely affect our operating results. The market for qualified portfolio managers is extremely competitive. Insurance coverage for these matters may be inadequate. Investors are choosing to invest in passive strategies such as index funds and ETFs. We may sell additional shares of Class A Stock in subsequent public offerings. The timely conference featured presentations by leading companies. &# The Stock Repurchase Program is not subject to an expiration date. Fixed compensation costs increased to $38.2 million in 2020 from $37.6 million in 2019. The shelf is available through April 2021, at which time it may be renewed. The requirement was $250,000 for the broker-dealer at December 31, 2020 and 2019. We have consistently met or exceeded these minimum requirements. There were no incentive fees receivable as of December 31, 2020 or 2019. These fees are recognized at the end of the measurement period, which is annually. We conducted our audits in accordance with the standards of the PCAOB. We believe that our audits provide a reasonable basis for our opinion. Intercompany accounts and transactions have been eliminated. This fee is recognized at the end of the measurement period. Securities categorized in Level 2 investments are valued using other observable inputs. These fees are received in cash after the end of each monthly period within 30 days. There were no such impairment losses for the periods presented. A SICAV sub-fund, the GAMCO Merger Arbitrage SICAV, charges a performance fee. The Company is subject to future audits by New York State for all years after 2017. The Fourth Quarter 2017 DCCA was expensed ratably over 18 months. These minimum requirements have consistently been met or exceeded. 333-51023) filed with the SEC on January 29, 1999). 23.1 Consent of Independent Registered Public Accounting Firm. 31.2 Certification of PFO pursuant to Rule 13a-14(a). ITEM 16: FORM 10-K SUMMARY None. 1 M110 4444 %%%% &5XG_Y%/6?^O&?_P! - X5#H\'_/YJ?_?V/_XB MC_A4.@?\\_FI_]_8__B*[^BCVU3N\'LH=C@/\\ A4.@?\\_FI_\\ ? P"% M0Z!_S^:G_P!_8_\\ XBC_ (5#H\'_/YJ?_
