Shareholders of TETON Westwood Mighty Mites℠ Fund and TETON Convertible Securities
Fund Elect Gabelli Funds as Sub-Advisor
Teton Advisors, Inc. (OTC PINK:TETAA) announced that the shareholders of the TETON Westwood Mighty MitesSM Fund and
TETON Convertible Securities Fund voted to approve Gabelli Funds, LLC as sub-advisor.
The TETON Westwood Mighty MitesSM Fund has approximately $1.2 billion of assets
and invests primarily in micro-cap equity securities that have market capitalizations of $500 million, or
less, at initial purchase. The inception date of the Fund was May 11, 1998.
Portfolio managers Mario J. Gabelli, CFA and Laura S. Linehan, CFA, who have managed this Fund
since 1998, continue as the portfolio managers of the Fund.
The sub-advisory arrangement eliminates the current dual-employment contract for the
managers, simplifies the structure, and provides better organizational efficiencies. There are no other
changes to the Fund. Joining Mr. Gabelli and Ms. Linehan are portfolio managers Elizabeth M. Lilly, CFA, a member of
the team since 2011, and Paul D. Sonkin, a member since 2013.
The TETON Convertible Securities Fund is managed by the convertible securities team at Gabelli Funds. Thomas
Dinsmore, CFA, Jane O’Keeffe and James Dinsmore, CFA bringing more than 50 years of experience in researching and investing in
convertibles.
About Teton Advisors Inc.
Teton Advisors, Inc. (OTC Pink: TETAA) is a multi-strategy investment management company, and is the registered investment
adviser to seven open-end mutual funds under the TETON Westwood brand. We offer our funds and separately managed accounts to
individuals and institutions directly and through third party intermediaries. At December 31, 2016, Teton’s assets under
management were approximately $1.4 billion.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. The
prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To
obtain a prospectus please call 1-800-WESTWOOD or visit www.tetonadv.com . The Teton Mutual Funds are distributed by G.distributors, LLC., a registered
broker-dealer and member of FINRA.
Teton Advisors, Inc.
Nicholas Galluccio, 914-457-1071
ngalluccio@tetonadv.com
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