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Aug. 28, 2015
COMSTOCK FUNDS, INC. (the “Company”) COMSTOCK CAPITAL VALUE FUND (the “Fund”) Supplement dated May 23, 2016, to the Fund’s Prospectus for Class A Shares, Class C Shares and Class R Shares dated August 28, 2015 On May 17, 2016, the Fund’s Board of Directors approved the renaming of Class R shares to Class I shares. Effective May 23, 2016, all references to Class R shares should be replaced with Class I shares in the prospectus for Class A shares, Class C shares, and Class R shares (“Prospectus”). The following changes to the Prospectus should be noted.

Aug. 28, 2015

COMSTOCK FUNDS, INC. (the “Company”)

COMSTOCK CAPITAL VALUE FUND (the “Fund”)

Supplement dated May 23, 2016, to the Fund’s Prospectus for Class A Shares, Class C Shares and Class R Shares dated August 28, 2015

On May 17, 2016, the Fund’s Board of Directors approved the renaming of Class R shares to Class I shares. Effective May 23, 2016, all references to Class R shares should be replaced with Class I shares in the prospectus for Class A shares, Class C shares, and Class R shares (“Prospectus”). The following changes to the Prospectus should be noted.