UPDATE - United Kingdom Investment Trusts
Gabelli Funds announced that Senior Vice President David Schachter will visit the United Kingdom to meet with selected investment trusts. As Vice President of The GAMCO Natural Resources, Gold & Income Trust (GNT), Schachter brings over 40 years of experience in closed-end fund investments.
The company manages thirteen closed-end funds trading on NYSE with total assets of $7.3 billion as of December 31, 2024. These funds include various focuses such as equity, convertible securities, multimedia, utilities, dividends, healthcare, and natural resources.
The announcement emphasizes the historical importance of closed-end funds in building American infrastructure and expresses concern about current threats from hedge activists seeking short-term value extraction. Schachter will visit the Gabelli office and the Association of Investment Companies (AIC) during his UK trip.
Gabelli Funds ha annunciato che il Vicepresidente Senior David Schachter visiterà il Regno Unito per incontrare alcuni fondi di investimento selezionati. In qualità di Vicepresidente del GAMCO Natural Resources, Gold & Income Trust (GNT), Schachter porta con sé oltre 40 anni di esperienza negli investimenti in fondi chiusi.
L'azienda gestisce tredici fondi chiusi quotati in borsa con un patrimonio totale di $7,3 miliardi al 31 dicembre 2024. Questi fondi includono vari ambiti come azioni, titoli convertibili, multimedia, servizi pubblici, dividendi, sanità e risorse naturali.
L'annuncio sottolinea l'importanza storica dei fondi chiusi nella costruzione delle infrastrutture americane e esprime preoccupazione per le minacce attuali degli attivisti hedge che cercano di estrarre valore a breve termine. Schachter visiterà l'ufficio Gabelli e l'Associazione delle Aziende di Investimento (AIC) durante il suo viaggio nel Regno Unito.
Gabelli Funds anunció que el Vicepresidente Senior David Schachter visitará el Reino Unido para reunirse con ciertos fondos de inversión seleccionados. Como Vicepresidente del GAMCO Natural Resources, Gold & Income Trust (GNT), Schachter aporta más de 40 años de experiencia en inversiones en fondos cerrados.
La compañía gestiona trece fondos cerrados que cotizan en la NYSE, con activos totales de $7.3 mil millones a partir del 31 de diciembre de 2024. Estos fondos incluyen diversos enfoques como acciones, valores convertibles, multimedia, servicios públicos, dividendos, salud y recursos naturales.
El anuncio enfatiza la importancia histórica de los fondos cerrados en la construcción de infraestructuras americanas y expresa preocupación por las amenazas actuales de activistas de fondos hedgehog que buscan extraer valor a corto plazo. Schachter visitará la oficina de Gabelli y la Asociación de Empresas de Inversión (AIC) durante su viaje al Reino Unido.
Gabelli Funds는 수석 부사장 David Schachter가 영국을 방문하여 선정된 투자 신탁과 미팅을 가질 것이라고 발표했습니다. GAMCO 자연 자원, 금 및 소득 신탁(GNT)의 부사장인 Schachter는 폐쇄형 펀드 투자 분야에서 40년 이상의 경험을 가지고 있습니다.
회사는 2024년 12월 31일 기준으로 총 자산 73억 달러를 관리하는 13개의 폐쇄형 펀드를 NYSE에서 거래하고 있습니다. 이러한 펀드는 주식, 전환가능 증권, 멀티미디어, 유틸리티, 배당금, 의료 및 자연 자원 등 다양한 초점을 포함합니다.
이번 발표는 폐쇄형 펀드가 미국 인프라 구축에 있어 역사적 중요성을 강조하고 있으며, 단기적인 가치 추출을 추구하는 헤지펀드 활동가들로부터의 현재 위협에 대한 우려를 전달하고 있습니다. Schachter는 영국 여행 중 Gabelli 사무소와 투자회사 협회(AIC)를 방문할 예정입니다.
Gabelli Funds a annoncé que le vice-président senior David Schachter se rendra au Royaume-Uni pour rencontrer certains fonds d'investissement sélectionnés. En tant que vice-président du GAMCO Natural Resources, Gold & Income Trust (GNT), Schachter apporte plus de 40 ans d'expérience dans les investissements en fonds fermés.
La société gère treize fonds fermés cotés à la NYSE, avec des actifs totaux de 7,3 milliards de dollars au 31 décembre 2024. Ces fonds incluent divers domaines tels que les actions, les titres convertibles, le multimédia, les services publics, les dividendes, la santé et les ressources naturelles.
L'annonce souligne l'importance historique des fonds fermés dans la construction des infrastructures américaines et exprime des inquiétudes face aux menaces actuelles des activistes hedge qui cherchent à extraire de la valeur à court terme. Schachter visitera le bureau de Gabelli et l'Association des Sociétés d'Investissement (AIC) lors de son voyage au Royaume-Uni.
Gabelli Funds gab bekannt, dass der Senior Vice President David Schachter das Vereinigte Königreich besuchen wird, um sich mit ausgewählten Investmentfonds zu treffen. Als Vice President des GAMCO Natural Resources, Gold & Income Trust (GNT) bringt Schachter über 40 Jahre Erfahrung im Bereich der geschlossenen Fondsanlagen mit.
Das Unternehmen verwaltet dreizehn geschlossene Fonds, die an der NYSE gehandelt werden und zum 31. Dezember 2024 ein Gesamtvermögen von 7,3 Milliarden US-Dollar aufweisen. Diese Fonds umfassen verschiedene Anlageschwerpunkte wie Aktien, wandelbare Wertpapiere, Multimedia, Versorgungsunternehmen, Dividenden, Gesundheitswesen und natürliche Ressourcen.
Die Ankündigung betont die historische Bedeutung geschlossener Fonds für den Bau amerikanischer Infrastruktur und äußert Bedenken hinsichtlich der aktuellen Bedrohungen durch Hedgefonds-Aktivisten, die auf kurzfristige Wertschöpfung aus sind. Schachter wird während seiner Reise im Vereinigten Königreich das Gabelli-Büro und die Association of Investment Companies (AIC) besuchen.
- Company manages substantial portfolio of $7.3 billion in closed-end fund assets
- Diversified portfolio across 13 different NYSE-listed closed-end funds
- Facing threats from hedge activists seeking short-term value extraction
- Potential market risks affecting fund NAV and share prices
GREENWICH, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Closed-End – David Schachter, Senior Vice President of Gabelli Funds, will travel to the United Kingdom to visit selected investment trusts.
With over 40 years of experience exclusively with retail, long term, closed-end fund investors, Mr. Schachter, a most senior and experienced veteran of the U.S. Closed-End Fund industry, is also Vice President of The GAMCO Natural Resources, Gold & Income Trust (GNT), which trades on the NYSE.
During the 19th century, capital was raised through closed-end funds. These funds helped build the railroads, which linked the American continent from sea to sea and led to the nation’s economic success.
Today, in the early 21st century, closed-end funds are being threatened for elimination by hedged activists for short-term and short-sighted value extraction.
“Closed-end funds are a metaphor for long-term, patient capital, but they also represent freedom for investors who, in a sector where mass redemptions could force portfolio managers to sell, is an essential ability to those who may not want to be herded into selling.”
Mr. Schachter plans to visit the Gabelli office as well as the Association of Investment Companies (AIC) and speak with interested U.K. investors.
Financial professionals and investors are invited to contact Mr. Schachter directly at (914) 921-5057.
Gabelli Funds, LLC is the adviser to thirteen closed-end funds which trade on the NYSE: Gabelli Equity Trust (GAB), Gabelli Convertible & Income Securities Fund (GCV), Gabelli Multimedia Trust (GGT), Gabelli Utility Trust (GUT), Gabelli Dividend & Income Trust (GDV), Gabelli Global Utility & Income Trust (GLU), GAMCO Global Gold Natural Resources & Income Trust (GGN), The GDL Fund (GDL), Gabelli Healthcare & WellnessRX Trust (GRX), GAMCO Natural Resources, Gold & Income Trust (GNT), Gabelli Global Small and Mid-Cap Value Trust (GGZ), Bancroft Fund (BCV) and Ellsworth Growth & Income Fund (ECF). As of December 31, 2024, the thirteen Gabelli closed-end funds had total assets of
Investors should carefully consider the investment objectives, risks, charges, and expenses of a Fund before investing. For more information regarding the Funds, call:
David Schachter
(914) 921-5057
dschachter@gabelli.com
A Fund’s NAV per share will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic, and business risks that cause their prices to fluctuate. Investors acquire shares of the Fund on a securities exchange at market value, which fluctuates according to the dynamics of supply and demand. When Fund shares are sold, they may be worth more or less than their original cost. Consequently, you can lose money by investing in a Fund.
FAQ
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