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The information on this website is submitted to you on a confidential basis solely in connection with your consideration of an investment in interests in private funds advised by Gabelli & Company or its affiliated advisers. Due to the confidential nature of this information, its use for any other purpose might involve serious legal consequences. Therefore, this information may not be reproduced in whole or in part and may not be delivered to any other person without the prior written consent of Gabelli & Company.

Not all the information contained on this website constitutes an offer or solicitation to purchase interests. Offers are only made through the confidential private placement memoranda included on this website. Any investment decision with respect to any interests should only be made after review of the private placement memoranda, including all the risk factors contained therein.

All offers and sales of interests are exempt from registration under the Securities Act of 1933, as amended, pursuant to Regulation D ("Reg D") promulgated thereunder. The interests will only be offered to a limited number of accredited investors, as defined in Reg D. Only such accredited investors and either "qualified clients" or "qualified purchasers", as such terms are defined in the Investment Advisers Act of 1940, as amended and the Investment Company Act of 1940, as amended, will be given further access to the information contained in this website.

No representation or warranties of any kind are intended or should be inferred with respect to the accuracy of the information contained herein (other than as contained in the private placement memoranda as of their respective dates) or the economic return or the tax consequences from an investment in the interests. Prospective investors are not to construe the information contained in this website as legal or tax advice. Each prospective investor should consult his own counsel and accountant for advice concerning the various legal, tax and economic considerations relating to his prospective investment.

No person, other than Gabelli & Company and its advisory affiliates has been authorized to make representations or give any information with respect to the interests or the funds. Any information not supplied by Gabelli & Company in writing must not be relied upon as having been authorized by Gabelli & Company or its advisory affiliates.

Past performance is no guarantee of future results. Some of the information contained on this website may contain or be based on forward looking statements, forecasts, estimates, projections, targets, or prognosis ("forward looking statements"), which reflect our current view of future events, economic developments and financial performance. Such forward looking statements are typically indicated by the use of words which express an estimate, expectation, belief, target or forecast. Such forward looking statements are based on an assessment of historical economic data, on our and our advisory affiliates' experience and current plans and on the indicated sources. These forward looking statements contain no representation or warranty of whatever kind that such future events will occur or that they will occur as described herein, or that such results will be achieved by the applicable fund or the investments of the applicable fund, as the occurrence of these events and the results of the funds are subject to various risks and uncertainties. The actual portfolio, and thus results, of the applicable fund may differ substantially from those assumed in the forward looking statements. Gabelli & Company and its advisory affiliates will not undertake to update or review the forward looking statements contained on this website whether as result of new information or any future event or otherwise.