X0206 3 2016-08-15 0 0001060349 GAMCO INVESTORS, INC. ET AL GBL 0001052192 CASCADE INVESTMENT, L.L.C. 2365 CARILLON POINT KIRKLAND WA 98033 1 0000902012 GATES WILLIAM H III ONE MICROSOFT WAY REDMOND WA 98052 1 Convertible Promissory Note 55.0000 2016-08-15 2021-08-15 Class A Common Stock, .001 par value 2000000.0000 D The shares of the Class A Common Stock $.001 par value (the "Common Stock"), of GAMCO Investors, Inc. (the "Issuer") that are the subject of this Form 3 are issuable by the Issuer pursuant to the terms of a convertible promissory note due 2021 (the "Note") purchased by Cascade Investment, L.L.C. ("Cascade") in the aggregate principal amount of $110,000,000 pursuant to a note purchase agreement, dated as of August 15, 2016, by and among Cascade, the Issuer, Mario J. Gabelli and GGCP, Inc. The Note bears interest at a rate of 4.5% per annum and is convertible into shares of Common Stock at an initial conversion price of $55.00 per share, subject to certain adjustments. mlahmrpoa.txt, mlahpoa.txt /s/ Alan Heuberger, Attorney-in-fact for Michael Larson, Business Manager of Cascade Investment, L.L.C. 2016-08-25 /s/ Alan Heuberger, Attorney-in-fact for William H. Gates III 2016-08-25