The Gabelli Global Rising Income and Dividend Fund on Rogers Communications Inc.
Thesis
Rogers combines Canada's largest wireless and cable businesses with a valuable portfolio of sports and media assets. Full ownership of Maple Leaf Sports & Entertainment increases control over scarce sports franchises and creates additional strategic flexibility. Gabelli expects the company to continue unlocking value, potentially by consolidating sports and media assets and selling a sizeable minority interest to institutional investors.
“RCI continues focusing on unlocking value from its vast sports portfolio.”