Gabelli Intermediate Credit

LP

Fund Investment Objectives

All of our funds follow our own proprietary, bottom-up research methodology that was started over 35 years ago at the inception of the firm: Private market value with a catalyst approach to value investing. Certain sector strategies can and will also take a top-down view of that particular industry, but all funds are founded on the same value investing principles. Hurdle rate of 400 basis points above the average of the trailing five quarter-end generic 5 year U.S. Treasury bond rates, subject to a loss carry forward.