GAMCO Limited shareholders have approved an amendment to the company's Memorandum of Association.

This change involves deleting a clause that previously permitted the company to accept money on deposit and guarantee customer debts, explicitly stating it's not a banking activity.

This move streamlines GAMCO's corporate objectives, focusing its operational scope and clarifying that these specific financial services are no longer part of its authorized business functions.

It provides clarity to investors on the company's defined activities.