Liquidation: GABELLI CAPITAL SERIES FUNDS INC

Form Type: 485BPOS

Filing Date: 2025-04-30

Corporate Action: Liquidation

Type: New

Accession Number: 000182912625003172

Filing Summary: On April 30, 2025, Gabelli Capital Series Funds, Inc. filed a post-effective amendment to its registration statement. The Fund's Board of Directors approved a proposal on February 12, 2025, to close the Fund to new and subsequent investments and to liquidate it. As of April 2, 2025, the Fund no longer accepts orders to purchase shares. The assets will be fully liquidated by approximately June 10, 2025, at which point shareholders will be redeemed at the net asset value per share. Shareholders may redeem their shares until the Liquidation Date. The filing includes a prospectus detailing investment objectives, fee structures, risks, and the fund's investment strategies focused on growth and capital appreciation while highlighting the risks associated with various market conditions.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Liquidation

Type: Update

Accession Number: 000182912625003177

Filing Summary: On April 30, 2025, Gabelli Capital Asset Fund, a portfolio of Gabelli Capital Series Funds, Inc., published its summary prospectus detailing significant updates regarding investments and fees. The Fund's primary goal is to seek growth of capital and has a secondary goal of generating current income. Operating expenses are outlined at 1.30%, with management fees at 0.75%. Importantly, the Fund is undergoing a liquidation process approved by its Board of Directors on February 12, 2025, and will no longer accept new or subsequent investments effective April 2, 2025. All assets are scheduled to be liquidated by June 10, 2025, at which point shareholders will redeem shares at the net asset value. The document highlights risks associated with equity investments, fee breakdowns, and provides guidance on purchase/redemption procedures. Shareholders are advised to consult tax professionals regarding the implications of the Fund's liquidation on their investments.

Form Type: 497

Filing Date: 2025-04-02

Corporate Action: Liquidation

Type: New

Accession Number: 000199937125003672

Filing Summary: On February 12, 2025, the Board of Directors of Gabelli Capital Series Funds, Inc. approved a proposal to liquidate the Gabelli Capital Asset Fund. The Fund will no longer accept orders from new or existing investors to purchase shares. All assets of the Fund are expected to be liquidated by June 10, 2025, at which point shareholder shares will be redeemed at net asset value. Shareholders can redeem their shares prior to the Liquidation Date. The automatic redemption on the Liquidation Date may have tax implications for shareholders, who are advised to consult their tax advisors. Any capitalized terms are defined in the Fund’s Statutory Prospectus or SAI.

Form Type: 497K

Filing Date: 2025-04-02

Corporate Action: Liquidation

Type: New

Accession Number: 000199937125003673

Filing Summary: On April 2, 2025, Gabelli Capital Series Funds, Inc. announced the liquidation of the Gabelli Capital Asset Fund. The Fund will no longer accept investments from new or existing shareholders effective immediately. The Board of Directors approved this liquidation on February 12, 2025, with all assets expected to be fully liquidated by June 10, 2025, the Liquidation Date. Shareholders can redeem their shares at net asset value until this date. The liquidation may affect the Fund's investment strategies and shareholders are advised to consult their tax advisors regarding the tax implications of this liquidation. For inquiries, shareholders can contact the Fund at 1-800-422-3554. This document serves as a supplement to the Fund's Summary Prospectus dated April 29, 2024.

Form Type: N-CSR

Filing Date: 2025-03-10

Corporate Action: Liquidation

Type: Update

Accession Number: 000182912625001651

Filing Summary: Gabelli Capital Asset Fund, part of Gabelli Capital Series Funds, Inc., has notified shareholders about significant changes regarding its investment option through Guardian. The Fund will be removed as an investment option in late April 2025, which results in a potential partial or full redemption of the Fund's shares. If Guardian completes a full redemption, the Fund will undergo liquidation. The report details Fund performances for the fiscal year ending December 31, 2024, highlighting its underperformance relative to benchmarks such as the S&P 500 Index. It discusses top holdings and sector allocations, reiterates the Fund's investment objectives, and provides contact information for further inquiries.