Gabelli Vows To Vote Against Gaylord's REIT Conversion

Law360, New York (September 13, 2012, 7:48 PM EDT) -- A Gabelli Funds LLC unit with a stake in Gaylord Entertainment Co. plans to vote against the Grand Ole Opry owner's proposed conversion into a real estate investment trust, according to a Thursday regulatory filing.

The fund plans to use its shares, representing about 13.17 percent of the company, to vote against the proposed deal. Though Gabelli said “a great deal of thought” had gone into the decision, it did not specify what ultimately swayed its decision.

It did, however, urge Gaylord, which recently sold its...
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