Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2017-04-03 | Michael J. Ferrantino is a Director. Age: 45. Mr. Ferrantino became a Director of the Fund on February 22, 2017. Michael J. Ferrantino received $0 compensation from the Fund for the fiscal year ended December 31, 2016. |
| 2018-03-28 | Michael J. Ferrantino is the Chief Executive Officer of InterEx Inc. Mr. Ferrantino became a Director of the Fund on February 22, 2017. |
| 2019-03-29 | Michael J. Ferrantino Director Age: 47 Chief Executive Officer of InterEx Inc. He is a member of the Fund’s Audit Committee. The Fund pays each Independent Director an annual retainer of $15,000 plus $2,000 for each Board meeting attended. Each Independent Director is reimbursed by the Fund for any out of pocket expenses incurred in attending meetings. All Board committee members receive $1,000 per meeting attended, the Audit Committee Chairman receives an annual fee of $3,000, the Proxy Voting Committee Chairman receives an annual fee of $1,500, and the Nominating Committee Chairman and the Lead Independent Director each receive an annual fee of $2,000. Michael J. Ferrantino compensation from the Fund was $24,000. |
| 2020-03-26 | Michael J. Ferrantino Director Age: 48 Since 2017*** Chief Executive Officer of InterEx Inc. Mr. Ferrantino is a member of the Fund’s Audit Committee. |
| 2021-03-29 | Michael J. Ferrantino. Mr. Ferrantino is the Chief Executive Officer of InterEx Inc. ... He is a member of the Fund’s Audit Committee. ... The Fund pays each Independent Director an annual retainer of $15,000 plus $2,000 for each Board meeting attended. ... Aggregate Compensation from the Fund and Fund Complex Paid to Directors*: $37,000 (2). |
| 2022-03-24 | Michael J. Ferrantino Director Age: 50 Since 2017** Chief Executive Officer of InterEx Inc. Aggregate Compensation from the Fund: $24,250 |
| 2023-04-05 | Michael J. Ferrantino Director 1971 Since 2017*** Chief Executive Officer of InterEx Inc. The Fund pays each Independent Director and certain Interested Directors an annual retainer of $15,000 plus $2,000 for each Board meeting attended. Each Director who is not employed by the Adviser is reimbursed by the Fund for any out-of-pocket expenses incurred in attending meetings. All Board committee members receive $1,000 per meeting attended, the Audit Committee Chairman receives an annual fee of $3,000, the Proxy Voting Committee Chairman receives an annual fee of $1,500, and the Nominating Committee Chairman and the Lead Independent Director each receive an annual fee of $2,000. A Director may receive a single meeting fee, allocated among the participating funds, for participation in certain meetings on behalf of multiple funds. The aggregate remuneration (excluding out-of-pocket expenses) paid by the Fund to such Directors during the fiscal year ended December 31, 2022, amounted to $225,160. |
| 2024-03-22 | Michael J. Ferrantino Director 1971 Since 2017* Chief Executive Officer of InterEx Inc. COMPENSATION TABLE FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 Michael J. Ferrantino $23,000 $38,000 (7) |
| 2025-03-20 | Michael J. Ferrantino is Chief Executive Officer of InterEx Inc. The Fund paid Michael J. Ferrantino $23,000 in aggregate compensation from the Fund for the fiscal year ended December 31, 2024. |
| Filing Date | Source Excerpt |
|---|---|
| 2017-04-03 | Michael J. Ferrantino. Mr. Ferrantino is the Chief Executive Officer of InterEx Inc. Mr. Ferrantino became a Trustee of the Fund on February 22, 2017. |
| 2018-03-28 | Michael J. Ferrantino Trustee Age: 46 Since 2017* Chief Executive Officer of InterEx Inc. Mr. Ferrantino is the Chief Executive Officer of InterEx Inc., a full-service exhibit company that specializes in the design, fabrication, management and service of custom exhibit spaces for the trade show retail and museum markets. Mr. Ferrantino serves on the board of another fund in the Gabelli/GAMCO Fund Complex. |
| 2019-03-29 | Michael J. Ferrantino is the Chief Executive Officer of InterEx Inc. Mr. Ferrantino serves on the board of another fund in the Gabelli/GAMCO Fund Complex. |
| 2020-03-26 | Michael J. Ferrantino Trustee Age: 48 Since 2017*** Chief Executive Officer of InterEx Inc. |
| 2021-03-29 | Michael J. Ferrantino. Mr. Ferrantino is the Chief Executive Officer of InterEx Inc.... Mr. Ferrantino serves on the board of another fund in the Gabelli/GAMCO Fund Complex. |
| 2022-03-24 | Michael J. Ferrantino. Mr. Ferrantino is the Chief Executive Officer of InterEx Inc. He is President, CEO, and a director of The LGL Group, Inc., a diversified manufacturing company. |
| 2023-04-05 | Michael J. Ferrantino Trustee 1971 Since 2017*** Chief Executive Officer of InterEx Inc. The Fund pays each Independent Trustee an annual retainer of $6,000 plus $1,500 for each Board meeting attended. Each Independent Trustee is reimbursed by the Fund for any out-of-pocket expenses incurred in attending meetings. All Board committee members receive $1,000 per meeting attended, the Audit Committee Chairperson receives an annual fee of $3,000, and the Nominating Committee Chairperson and the Lead Independent Trustee each receive an annual fee of $2,000. The aggregate remuneration (excluding out-of-pocket expenses) paid by the Fund to such Trustees during the fiscal year ended December 31, 2022, amounted to $149,500. Michael J. Ferrantino compensation: $12,000. |
| 2024-03-22 | Michael J. Ferrantino Trustee 1971 Since 2017* Chief Executive Officer of InterEx Inc. The Fund pays each Independent Trustee an annual retainer of $6,000 plus $1,500 for each Board meeting attended. Each Independent Trustee is reimbursed by the Fund for any out-of-pocket expenses incurred in attending meetings. All Board committee members receive $1,000 per meeting attended, the Audit Committee Chairperson receives an annual fee of $3,000, and the Nominating Committee Chairperson and the Lead Independent Trustee each receive an annual fee of $2,000. The aggregate remuneration (excluding out-of-pocket expenses) paid by the Fund to such Trustees during the fiscal year ended December 31, 2023, amounted to $143,745. Michael J. Ferrantino's compensation from the Fund was $12,000. |
| 2025-03-20 | Michael J. Ferrantino is the Chief Executive Officer of InterEx Inc. He serves on the boards of other funds in the Gabelli Fund Complex. |
Source material: SEC submissions metadata and DEF 14A proxy filings from EDGAR. Last updated: 2026-03-22