Why Rogers Communications Inc. (RCI) Remains a Gabelli Holding

In the Q2 2026 investor letter, Gabelli Global Rising Income and Dividend Fund highlighted Rogers Communications Inc. (NYSE:RCI) as one of its best picks. The Canadian communications, sports, and entertainment company operates in wireless, cable, and media businesses. The Fund noted that RCI owns the largest wireless operator and cable multiple service provider in Canada, along with a media business focusing on sports and regional TV and radio.

Notably, RCI holds a controlling interest in Maple Leaf Sports & Entertainment (MLSE), which includes the Toronto Maple Leafs, Toronto Raptors, and Toronto FC. In July 2026, Rogers agreed to purchase the remaining 25% stake in MLSE from Kilmer Sports for C$4.35 billion, making its interest in MLSE 100%. The Fund expects RCI to continue unlocking value from its extensive sports portfolio and potentially selling a majority interest in that entity to institutional investors.

Despite this promising outlook, the Fund does not consider RCI among the 40 Most Popular Stocks Among Hedge Funds Heading Into 2026, as it believes AI stocks hold greater promise for delivering higher returns in the near term.