Business Context and Reporting Period
This Form 8-K is a current report filed by The Gabelli Global Utility & Income Trust on March 26, 2010. The filing addresses corporate governance changes regarding the appointment of an Acting Treasurer and the leave of absence of the current Treasurer.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The primary material change reported is the appointment of Bruce N. Alpert, CPA, as Acting Treasurer, effective March 26, 2010. This appointment coincides with Agnes Mullady taking a leave of absence for personal reasons, also effective March 26, 2010.
Management Commentary and Risks
Mr. Alpert brings extensive experience to the role, having served as Executive Vice President of Gabelli Funds, LLC since 1999 and Chief Operating Officer since 1988. He has also held leadership positions at Teton Advisors Inc. and GAMCO Investors, Inc., which are affiliates of the Fund. The filing does not disclose specific risks, contingencies, or unusual items beyond the personnel transition.
Key Facts for Investor Verification
- Effective Date: The personnel changes are effective as of the close of business on March 26, 2010.
- Acting Treasurer: Bruce N. Alpert, age 58, CPA, appointed to the role.
- Outgoing Treasurer: Agnes Mullady is on a limited leave of absence for personal reasons.
- Affiliation: Mr. Alpert is an officer of all registered investment companies in the Gabelli/GAMCO Funds complex.