Gabelli Enterprise Mergers and Acquisitions Fund Awarded 5 Stars

GAMCO Investors, Inc.

announces that Morningstar, Inc. has awarded a 5 star rating, as of August 31, 2010, to the Gabelli Enterprise Mergers and Acquisitions Fund (EMAAX), a $200 million open-end fund that invests in target companies of potential and announced mergers and acquisition transactions. This brings the total number of 5 star Morningstar rated funds managed by Mario Gabelli to six and three funds that have 4 star ratings.