On February 6, 2020, GAMCO Asset Management Inc. announced that it has engaged in the business of securities analysis and investment and it analyze the operations, capital structure and markets of companies in which they invest, including Innophos Holdings, Inc. on a continuous basis through analysis of documentation and discussions with knowledgeable industry and market observers and with representatives of such companies. GAMCO Asset stated that it intends to adhere to the foregoing investment philosophy with respect to the Company.