Gabelli Utility Trust Appoints James P. Conn as the Lead Independent Trustee
March 29, 2016 at 11:55 am EDT
Share
Gabelli Utility Trust appointed Mr. James P. Conn as the Lead Independent Trustee. He also serves on comparable or other board committees with respect to other funds in the Fund Complex on whose boards he sits. He was a senior business executive of Transamerica Corp.
Mr. Conn has been a director of several public companies in banking and other industries, and was lead director and/or chair of various committees.
The Gabelli Utility Trust (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is long term growth of capital and income. The Fund invests at least 80% of its net assets (plus borrowings made for investment purposes), under normal market conditions, in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations. Under normal circumstances, the Fund invests in securities of issuers located in countries other than the United States and may invest in such foreign securities without limitation. The Fund's portfolio includes equipment and supplies, transportation, diversified industrial, oil, electronics, environmental services, financial services, automotive and specialty chemicals. The Fund's investment adviser is Gabelli Funds, LLC.
THE GABELLI UTILITY TRUST 
