Filed Pursuant to Rule 497(e)
Registration No. 033-79994
GAMCO INTERNATIONAL GROWTH, INC.
Supplement dated May 31, 2018
to
Prospectus dated April 30, 2018; and
Statement of Additional Information dated April 30, 2018
This supplement amends certain information in the Prospectus (the “Prospectus”) and Statement of Additional Information (“SAI”), each dated April 30, 2018, of GAMCO International Growth Fund, Inc. (the “Fund”). Unless otherwise indicated, all other information included in the Prospectus and SAI, or any previous supplements thereto, remains unchanged. Capitalized terms have the same meaning as in the Prospectus and SAI.
Effective June 1, 2018, Gabelli Funds, LLC, the Adviser, has agreed to amend its contractual agreement with respect to Class AAA shares of the Fund and to waive its investment advisory fees and/or to reimburse expenses of the Fund to the extent necessary to maintain the Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement (excluding brokerage costs, acquired fund fees and expenses, interest, taxes, and extraordinary expenses) at no more than an annual rate of 1.25% for Class AAA shares. This arrangement is in effect through April 30, 2019, and may be terminated only by the Board of Directors of the Fund before such time. There are no changes to the terms of the contractual agreement with respect to the Fund’s Class I shares.
Under this same arrangement, the Fund has agreed, during the three year period following the year of any such waiver or reimbursement by the Adviser, to repay such amount, but only to the extent the Fund’s adjusted Total Annual Fund Operating Expenses would not exceed an annual rate of 1.25% for Class AAA shares after giving effect to the repayments.
Revised Fees and Expenses Table
To reflect the changes in the contractual fee and expense waivers, the section “Fees and Expenses” in the Fund’s Prospectus is modified as follows:
Fees and Expenses of the Fund:
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A shares of the Fund. More information about these and other discounts is available from your financial professional and in the section entitled, “Classes of Shares” on page 11 of the prospectus and in Appendix A, “Sales Charge Reductions and Waivers Available through Certain Intermediaries,” attached to the Fund’s prospectus.
| Class AAA Shares |
Class A Shares |
Class C Shares |
Class I Shares |
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| Shareholder Fees |
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| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
None | 5.75 | % | None | None | |||||||||||
| Maximum Deferred Sales Charge (Load) (as a percentage of redemption price) |
None | None | 1.00 | % | None | |||||||||||
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends (as a percentage of amount invested) |
None | None | None | None | ||||||||||||
| Redemption Fee (as a percentage of amount redeemed for shares held 7 days or less) |
2.00 | % | 2.00 | % | 2.00 | % | 2.00 | % | ||||||||
| Exchange Fee |
None | None | None | None | ||||||||||||
| Annual Fund Operating Expenses |
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| Management Fees |
1.00 | % | 1.00 | % | 1.00 | % | 1.00 | % | ||||||||
| Distribution and Service (Rule 12b-1) Fees |
0.25 | % | 0.25 | % | 1.00 | % | None | |||||||||
| Other Expenses |
0.89 | % | 0.89 | % | 0.89 | % | 0.89 | % | ||||||||
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| Total Annual Fund Operating Expenses |
2.14 | % | 2.14 | % | 2.89 | % | 1.89 | % | ||||||||
| Fee Waiver and/or Expense Reimbursement |
(0.89 | )% | None | None | (0.89 | )% | ||||||||||
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| Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement(1) |
1.25 | % | 2.14 | % | 2.89 | % | 1.00 | % | ||||||||
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| (1) | Gabelli, LLC, the Fund’s Adviser, has contractually agreed to waive its investment advisory fees and/or to reimburse expenses of the Fund to the extent necessary to maintain the Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement (excluding brokerage costs, acquired fund fees and expenses, interest, taxes, and extraordinary expenses) at no more than an annual rate of 1.25% and 1.00% for Class AAA and Class I shares, respectively. This arrangement is in effect through April 30, 2019, and may be terminated only by the Board of Directors of the Fund before such time. The Fund will carry forward, for a period not to exceed three years from the date that an amount is waived, any fees in excess of the expense limitation and repay the Adviser such amount provided the Global Growth Fund is able to do so without exceeding the lesser of (1) the expense limit in effect at the time of the waiver or reimbursement, as applicable, or (2) the expense limit in effect at the time of recoupment. |
Expense Example
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||||||
| Class AAA Shares |
$ | 127 | $ | 584 | $ | 1,068 | $ | 2,402 | ||||||||
| Class A Shares |
$ | 780 | $ | 1,206 | $ | 1,658 | $ | 2,905 | ||||||||
| Class C Shares |
$ | 392 | $ | 895 | $ | 1,523 | $ | 3,214 | ||||||||
| Class I Shares |
$ | 102 | $ | 507 | $ | 938 | $ | 2,139 | ||||||||
You would pay the following expenses if you did not redeem your shares of the Fund:
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||||||
| Class AAA Shares |
$ | 127 | $ | 584 | $ | 1,068 | $ | 2,402 | ||||||||
| Class A Shares |
$ | 780 | $ | 1,206 | $ | 1,658 | $ | 2,905 | ||||||||
| Class C Shares |
$ | 292 | $ | 895 | $ | 1,523 | $ | 3,214 | ||||||||
| Class I Shares |
$ | 102 | $ | 507 | $ | 938 | $ | 2,139 | ||||||||
SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE