The Gabelli ABC Fund, which began investment operations in 1993, has never had a down year. The only things declining at the fund have been the fees it charges.

In response fund’s investment advisor, Gabelli Funds, LLC, recommended the elimination of the plan.

Gabelli & Company, Inc. has waived the 25 basis point fees of its 12b-1 distribution plan since January 1, 2003, and now the board of directors has approved the elimination of the 12b-1 distribution plan altogether.



A spokesperson for Gabelli was not immediately available for comment on the elimination of the fee.  

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