☒
|
| |
No fee required
|
|||
☐
|
| |
Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
|
|||
|
| |
1)
|
| |
Title of each class of securities to which transaction applies:
|
|
| |
|
| |
|
|
| |
2)
|
| |
Aggregate number of securities to which transaction applies:
|
|
| |
|
| |
|
|
| |
3)
|
| |
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
|
|
| |
|
| |
|
|
| |
4)
|
| |
Proposed maximum aggregate value of transaction:
|
|
| |
|
| |
|
|
| |
5)
|
| |
Total fee paid:
|
|
| |
|
| |
|
☐
|
| |
Fee paid previously with preliminary materials.
|
|||
☐
|
| |
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
|
|||
|
| |
1)
|
| |
Amount Previously Paid:
|
|
| |
|
| |
|
|
| |
2)
|
| |
Form, Schedule or Registration Statement No.:
|
|
| |
|
| |
|
|
| |
3)
|
| |
Filing Party:
|
|
| |
|
| |
|
|
| |
4)
|
| |
Date Filed:
|
|
| |
|
| |
|
1.
|
To elect five (5) Directors of the Fund to be elected by the holders of the Fund’s common stock and holders of its Series E 4.00% Cumulative Preferred Stock (“Preferred Stock”), voting together as a single class; and
|
2.
|
To consider and vote upon such other matters, including adjournments, as may properly come before said Meeting or any adjournments thereof.
|
|
| |
By Order of the Board of Directors,
|
|
| |
|
|
| |
PETER GOLDSTEIN
|
|
| |
Secretary
|
1.
|
Individual Accounts: Sign your name exactly as it appears in the registration on the proxy card.
|
2.
|
Joint Accounts: Either party may sign, but the name of the party signing should conform exactly to the name shown in the registration.
|
3.
|
All Other Accounts: The capacity of the individuals signing the proxy card should be indicated unless it is reflected in the form of registration. For example:
|
Registration
|
| |
Valid Signature
|
|||
Corporate Accounts
|
| |
|
|||
(1)
|
| |
ABC Corp.
|
| |
ABC Corp., John Doe, Treasurer
|
(2)
|
| |
ABC Corp.
|
| |
John Doe, Treasurer
|
(3)
|
| |
ABC Corp.
|
| |
|
|
| |
c/o John Doe, Treasurer
|
| |
John Doe
|
(4)
|
| |
ABC Corp., Profit Sharing Plan
|
| |
John Doe, Trustee
|
|
| |
|
|||
Trust Accounts
|
| |
|
|||
(1)
|
| |
ABC Trust
|
| |
Jane B. Doe, Trustee
|
(2)
|
| |
Jane B. Doe, Trustee
|
| |
|
|
| |
u/t/d 12/28/78
|
| |
Jane B. Doe
|
|
| |
|
|||
Custodian or Estate Accounts
|
| |
|
|||
(1)
|
| |
John B. Smith, Cust.
|
| |
|
|
| |
f/b/o John B. Smith, Jr. UGMA
|
| |
John B. Smith
|
(2)
|
| |
John B. Smith, Executor
|
| |
|
|
| |
Estate of Jane Smith
|
| |
John B. Smith, Executor
|
Name and Address of Beneficial Owner(s)
|
| |
Title of Class
|
| |
Amount of Shares
and Nature of Ownership
|
| |
Percent of Class
|
Mario J. Gabelli and affiliates
|
| |
Common
|
| |
2,001,561 (beneficial)*
|
| |
10.6%
|
One Corporate Center
Rye, NY 10580-1422
|
| |
|
| |
|
| |
|
|
| |
|
| |
|
| |
|
Karpus Investment Management
|
| |
Preferred
|
| |
258,400 (beneficial)
|
| |
76.5%
|
183 Sullys Trail
|
| |
|
| |
|
| |
|
Pittsford, NY 14534
|
| |
|
| |
|
| |
|
|
| |
|
| |
|
| |
|
Regina Pitaro
|
| |
Preferred
|
| |
28,300 (beneficial)
|
| |
8.4%
|
One Corporate Center
|
| |
|
| |
|
| |
|
Rye, NY 10580
|
| ||||||||
|
| |
|
| |
|
| |
|
M4E LLC
|
| |
Preferred
|
| |
28,000 (beneficial)
|
| |
8.3%
|
One Corporate Center
|
| |
|
| |
|
| |
|
Rye, NY 10580
|
| |
|
| |
|
| |
|
|
| |
|
| |
|
| |
|
GAMCO Asset Management Inc.
|
| |
Preferred
|
| |
22,900 (beneficial)
|
| |
6.8%
|
One Corporate Center
|
| |
|
| |
|
| |
|
Rye, NY 10580
|
| |
|
| |
|
| |
|
*
|
Comprised of 507,561 shares of Common Stock owned directly by Mr. Gabelli, 10,000 shares of Common Stock owned by a family partnership for which Mr. Gabelli serves as general partner, and 1,484,000 shares of Common Stock owned by GAMCO Investors, Inc. or its affiliates.
|
Proposal
|
| |
Common Stockholders
|
| |
Preferred Stockholders
|
Election of
|
| |
Common and Preferred Stockholders,
|
| |
Common and Preferred Stockholders,
|
Directors
|
| |
voting together as a single class,
|
| |
voting together as a single class,
|
|
| |
vote to elect five Directors:
|
| |
vote to elect five Directors:
|
|
| |
John Birch,
|
| |
John Birch,
|
|
| |
E. Val Cerutti,
|
| |
E. Val Cerutti,
|
|
| |
Leslie F. Foley,
|
| |
Leslie F. Foley,
|
|
| |
Michael J. Melarkey, and
|
| |
Michael J. Melarkey, and
|
|
| |
Kuni Nakamura
|
| |
Kuni Nakamura
|
|
| |
|
| |
|
Other Business
|
| |
Common and Preferred Stockholders, voting together as a single class
|
Name, Position(s),
Address(1)
and Age
|
| |
Term of
Office and
Length of
Time
Served(2)
|
| |
Principal Occupation(s)
During Past Five Years
|
| |
Other Directorships
Held by Director
|
| |
Number of
Portfolios in
Fund Complex(3)
Overseen
by Director
|
INTERESTED DIRECTORS(4):
|
| |
|
|||||||||
Thomas H. Dinsmore
Director
Age: 67
|
| |
Since 2015***
|
| |
Portfolio Manager for Gabelli Funds, LLC; Former Chairman and Chief Executive Officer of the Bancroft Fund Ltd. and the Ellsworth Growth and Income Fund Ltd. (1996-2015)
|
| |
—
|
| |
1
|
|
| |
|
| |
|
| |
|
| |
|
Agnes Mullady
Director
Age: 62
|
| |
Since March 2021***
|
| |
Senior Vice President of GAMCO Investors, Inc. (2008 - 2019); Executive Vice President of Associated Capital Group, Inc. (November 2016 - 2019); President and Chief Operating Officer of the Fund Division of Gabelli Funds, LLC (2010 - 2019); Vice President of Gabelli Funds, LLC (2006 - 2019); Chief Executive Officer of G.distributors, LLC (2011 - 2019); and an officer of all of the Gabelli/GAMCO/
Teton Funds (2006 - 2019)
|
| |
—
|
| |
9
|
|
| |
|
| |
|
| |
|
| |
|
INDEPENDENT DIRECTORS/NOMINEES(5):
|
| |
|
|||||||||
John Birch(7)
Director
Age: 70
|
| |
Since 2018*
|
| |
Partner, The Cardinal Partners Global; Chief Operating Officer of Sentinel Asset Management and Chief Financial Officer and Chief Risk Officer of Sentinel Group Funds (2005-2015)
|
| |
—
|
| |
5
|
|
| |
|
| |
|
| |
|
| |
|
E. Val Cerutti
Director
Age: 81
|
| |
Since 1989*
|
| |
Chief Executive Officer of Cerutti Consultants, Inc.
|
| |
Director of The LGL Group, Inc. (diversified manufacturing) (1990-2009)
|
| |
7
|
|
| |
|
| |
|
| |
|
| |
|
Anthony S. Colavita(6)(7)
Director
Age: 59
|
| |
Since 2018**
|
| |
Attorney, Anthony S. Colavita, P.C.; Supervisor, Town of Eastchester, NY
|
| |
—
|
| |
21
|
|
| |
|
| |
|
| |
|
| |
|
Vincent D. Enright
Director
Age: 77
|
| |
Since 2016**
|
| |
Former Senior Vice President and Chief Financial Officer of KeySpan Corp. (public utility) (1994-1998)
|
| |
Director of Echo Therapeutics, Inc. (therapeutics and diagnostics) (2008-2014); Director of The LGL Group, Inc. (diversified manufacturing) (2011-2014)
|
| |
17
|
|
| |
|
| |
|
| |
|
| |
|
Name, Position(s),
Address(1)
and Age
|
| |
Term of
Office and
Length of
Time
Served(2)
|
| |
Principal Occupation(s)
During Past Five Years
|
| |
Other Directorships
Held by Director
|
| |
Number of
Portfolios in
Fund Complex(3)
Overseen
by Director
|
Leslie F. Foley(7)
Director
Age: 53
|
| |
Since 2017*
|
| |
Attorney; serves on the Board of the Addison Gallery of American Art at Phillips Academy Andover; Vice President, Global Ethics & Compliance and Associate General Counsel for News Corporation (2008-2010)
|
| |
—
|
| |
13
|
Daniel D. Harding
Director
Age: 68
|
| |
Since 2015***
|
| |
Managing General Partner of the Global Equity Income Fund (private investment fund); Director of TRC (private asset management); General Partner of Latitude Capital Partners, LLC (private investment)
|
| |
Atlantic Health Systems, Ocean Reef Community Foundation and Ocean Reef Medical Center Foundation
|
| |
3
|
|
| |
|
| |
|
| |
|
| |
|
Michael J. Melarkey
Director
Age: 71
|
| |
Since 2018*
|
| |
Of Counsel in the law firm of McDonald Carano Wilson LLP; Partner in the law firm of Avansino, Melarkey, Knobel, Mulligan & McKensie (1980-2015)
|
| |
Chairman of Southwest Gas Corporation (natural gas utility)
|
| |
22
|
Kuni Nakamura
Director
Age: 52
|
| |
Since 2016*
|
| |
President of Advanced Polymer, Inc. (chemical manufacturing company); President of KEN Enterprises, Inc. (real estate); Trustee of Long Island University Board of Trustees
|
| |
—
|
| |
35
|
|
| |
|
| |
|
| |
|
| |
|
Werner J. Roeder(6)
Director
Age: 80
|
| |
Since 2001***
|
| |
Retired physician; Former Vice President of Medical Affairs (Medical Director) of New York Presbyterian/Lawrence Hospital (1999-2014)
|
| |
—
|
| |
20
|
Anthonie C. van Ekris(7)
Director
Age: 86
|
| |
Since 1992**
|
| |
Chairman and Chief Executive Officer of BALMAC International, Inc. (global import/export company)
|
| |
—
|
| |
23
|
|
| |
|
| |
|
| |
|
| |
|
Salvatore J. Zizza(7)(8)
Director
Age: 75
|
| |
Since 1991**
|
| |
President, Zizza & Associates Corp. (private holding company); Chairman of Bergen Cove Realty Inc. (residential real estate)
|
| |
Director and Chairman of Trans-Lux Corporation (business services): Director and Chairman of Harbor Diversified Inc. (pharmaceuticals) (2009-2018); Retired Chairman of BAM (semiconductor and aerospace manufacturing)
|
| |
32
|
Name, Position(s),
Address(1)
and Age
|
| |
Term of
Office and
Length of
Time
Served(9)
|
| |
Principal Occupation(s)
During Past Five Years
|
Bruce N. Alpert
President
Age: 69
|
| |
Since 1988
|
| |
Executive Vice President and Chief Operating Officer of Gabelli Funds, LLC since 1988; Officer of registered investment companies within the Gabelli/GAMCO Fund Complex; Senior Vice President of GAMCO Investors, Inc. since 2008; Vice President - Mutual Funds, G.research, LLC
|
|
| |
|
| |
|
John C. Ball
Treasurer and Principal
Financial and Accounting
Officer
Age: 45
|
| |
Since 2017
|
| |
Treasurer of registered investment companies within the Gabelli/GAMCO Fund Complex since 2017; Vice President and Assistant Treasurer of AMG Funds, 2014-2017; Chief Executive Officer, G. Distributors, LLC since December 2020
|
|
| |
|
| |
|
Peter Goldstein
Secretary and Vice President
Age: 67
|
| |
Since August 2020
|
| |
General Counsel, Gabelli Funds, LLC since July 2020; General Counsel and Chief Compliance Officer, Buckingham Capital Management, Inc. (2012-2020); Chief Legal Officer and Chief Compliance Officer, The Buckingham Research Group, Inc. (2012-2020)
|
|
| |
|
| |
|
Richard J. Walz
Chief Compliance Officer
Age: 61
|
| |
Since 2013
|
| |
Chief Compliance Officer of registered investment companies within the Gabelli/GAMCO Fund Complex since 2013; Chief Compliance Officer for Gabelli Funds, LLC since 2015
|
|
| |
|
| |
|
Daniel Plourde
Vice President
Age: 40
|
| |
Since February 2021
|
| |
Vice President of registered investment companies within the Gabelli/GAMCO Fund Complex since 2021; Assistant Treasurer of the North American SPDR ETFs and State Street Global Advisors Mutual Funds (2017-2021); Fund Administration at State Street Bank (2009-2017)
|
|
| |
|
| |
|
Laurissa M. Martire
Vice President and
Ombudsman
Age: 44
|
| |
Since 2004
|
| |
Vice President and/or Ombudsman of closed-end funds within the Gabelli/GAMCO Fund Complex; Senior Vice President (since January 2019) and other positions (2003-2019) of GAMCO Investors, Inc.
|
|
| |
|
| |
|
Bethany A. Uhlein
Vice President
and Ombudsman
Age: 30
|
| |
Since 2019
|
| |
Vice President and/or Ombudsman of closed-end funds within the Gabelli/GAMCO Fund Complex since May 2017; Assistant Vice President (since January 2015) and Associate (2013-2015) for GAMCO Asset Management Inc.
|
(1)
|
Address: One Corporate Center, Rye, NY 10580-1422.
|
(2)
|
The Fund’s Board of Directors is divided into three classes, each class having a term of three years. Each year the term of office of one class expires and the successor or successors elected to such class serve for a three year term.
|
(3)
|
The “Fund Complex” or the “Gabelli/GAMCO Fund Complex” includes all the U.S. registered investment companies that are considered part of the same fund complex as the Fund because they have common or affiliated investment advisers.
|
(4)
|
“Interested person” of the Fund as defined in the 1940 Act. Mr. Dinsmore is considered to be an “interested person” of the Fund because of his affiliation with the Fund’s Adviser. Ms. Mullady is considered to be an “interested person” of the Fund because of her direct or indirect beneficial interest in the Fund’s Adviser and due to a previous business or professional relationship with the Fund and the Adviser.
|
(5)
|
Directors who are not considered to be “interested persons” of the Fund as defined in the 1940 Act are considered to be “Independent” Directors. None of the Independent Directors (with the possible exceptions as described in this proxy statement) nor their family members had any interest in the Adviser or any person directly or indirectly controlling, controlled by, or under common control with the Adviser as of December 31, 2020.
|
(6)
|
Director elected solely by holders of the Fund’s Preferred Stock.
|
(7)
|
Mr. Colavita’s father, Anthony J. Colavita, and Ms. Foley’s father, Frank J. Fahrenkopf, Jr., serve as directors of other funds in the Gabelli/GAMCO Fund Complex. Mr. van Ekris is an independent director of Gabelli International Ltd., Gabelli Fund LDC, GAMA Capital Opportunities Master, Ltd., and GAMCO International SICAV, Mr. Zizza is an independent director of Gabelli International Ltd., and Mr. Birch is a director of Gabelli Merger Plus+ Trust Plc, GAMCO International SICAV, Gabelli Associates Limited, and Gabelli Associates Limited II E, all of which may be deemed to be controlled by Mario J. Gabelli and/or affiliates and in that event would be deemed to be under common control with the Fund’s Adviser.
|
(8)
|
On September 9, 2015, Mr. Zizza entered into a settlement with the Securities and Exchange Commission (the “SEC”) to resolve an inquiry relating to an alleged violation regarding the making of false statements or omissions to the accountants of a company concerning a related party transaction. The company in question is not an affiliate of, nor has any connection to, the Fund. Under the terms of the settlement, Mr. Zizza, without admitting or denying the SEC’s findings and allegation, paid $150,000 and agreed to cease and desist committing or causing any future violations of Rule 13b2-2 of the Securities Exchange Act of 1934, as amended (the “1934 Act”). The Board has discussed this matter and has determined that it does not disqualify Mr. Zizza from serving as an Independent Director.
|
(9)
|
Includes time served in prior officer positions with the Fund. Each officer will hold office for an indefinite term until the date he or she resigns or until his or her successor is elected and qualifies.
|
*
|
Nominee to serve, if elected, until the Fund’s 2024 Annual Meeting of Stockholders or until his or her successor is duly elected and qualifies.
|
**
|
Term continues until the Fund’s 2023 Annual Meeting of Stockholders or until his successor is duly elected and qualifies.
|
***
|
Term continues until the Fund’s 2022 Annual Meeting of Stockholders or until his or her successor is duly elected and qualifies.
|
Name of Director/Nominee
|
| |
Dollar Range of Equity
Securities Held
in the Fund*(1)
|
| |
Aggregate Dollar Range of Equity
Securities Held in the
Family of Investment Companies*(1)(2)
|
INTERESTED DIRECTORS:
|
||||||
Thomas H. Dinsmore
|
| |
A
|
| |
E
|
Agnes Mullady(3)
|
| |
A
|
| |
A
|
INDEPENDENT DIRECTORS/NOMINEES:
|
||||||
John Birch
|
| |
A
|
| |
E
|
E. Val Cerutti
|
| |
A
|
| |
E
|
Anthony S. Colavita
|
| |
A
|
| |
B
|
Vincent D. Enright
|
| |
A
|
| |
E
|
Leslie F. Foley
|
| |
A
|
| |
B
|
Daniel D. Harding
|
| |
E
|
| |
E
|
Michael J. Melarkey
|
| |
A
|
| |
E
|
Kuni Nakamura
|
| |
C
|
| |
E
|
Werner J. Roeder
|
| |
E
|
| |
E
|
Anthonie C. van Ekris
|
| |
B
|
| |
E
|
Salvatore J. Zizza
|
| |
A
|
| |
E
|
*
|
Key to Dollar Ranges
|
A.
|
None
|
B.
|
$1 – $10,000
|
C.
|
$10,001 – $50,000
|
D.
|
$50,001 – $100,000
|
E.
|
Over $100,000
|
(1)
|
This information has been furnished by each Director and nominee for election as Director as of December 31, 2020. “Beneficial Ownership” is determined in accordance with Rule 16a-1(a)(2) of the 1934 Act.
|
(2)
|
The term “Family of Investment Companies” includes two or more registered funds that share the same investment adviser or principal underwriter and hold themselves out to investors as related companies for purposes of investment and investor services. Currently the registered funds that comprise the “Fund Complex” are identical to those that comprise the “Family of Investment Companies.”
|
(3)
|
Ms. Mullady became a Director of the Fund on March 25, 2021.
|
Name of Director/Nominee/Officer
|
| |
Amount and Nature of
Beneficial Ownership(1)
|
| |
Percent of Shares
Outstanding(2)
|
INTERESTED DIRECTORS:
|
||||||
Thomas H. Dinsmore
|
| |
0
|
| |
*
|
Agnes Mullady(3)
|
| |
0
|
| |
*
|
INDEPENDENT DIRECTORS/NOMINEES:
|
||||||
John Birch
|
| |
0
|
| |
*
|
E. Val Cerutti
|
| |
0
|
| |
*
|
Anthony S. Colavita
|
| |
0
|
| |
*
|
Vincent D. Enright
|
| |
0
|
| |
*
|
Leslie F. Foley
|
| |
0
|
| |
*
|
Daniel D. Harding
|
| |
19,656
|
| |
*
|
Michael J. Melarkey
|
| |
0
|
| |
*
|
Kuni Nakamura
|
| |
8,112
|
| |
*
|
Werner J. Roeder
|
| |
105,001
|
| |
*
|
Anthony C. van Ekris
|
| |
482
|
| |
*
|
Salvatore J. Zizza
|
| |
0
|
| |
*
|
EXECUTIVE OFFICERS:
|
||||||
Bruce N. Alpert
|
| |
2,310
|
| |
*
|
John C. Ball
|
| |
0
|
| |
*
|
Peter Goldstein
|
| |
0
|
| |
*
|
Richard J. Walz
|
| |
0
|
| |
*
|
(1)
|
This information has been furnished by each Director, including each nominee for election as Director, and executive officer as of December 31, 2020. “Beneficial Ownership” is determined in accordance with Rule 13d-3 of the 1934 Act. Reflects ownership of Common Stock unless otherwise noted.
|
(2)
|
An asterisk indicates that the ownership amount constitutes less than 1% of the total shares outstanding. The ownership of the Directors, including nominees for election as Director, and executive officers as a group constitutes less than 1% of the total Common Stock outstanding.
|
(3)
|
Ms. Mullady became a Director of the Fund on March 25, 2021.
|
Name of Independent
Director/Nominee(1)
|
| |
Name of Owner and
Relationships to
Director/Nominee
|
| |
Company
|
| |
Title of Class
|
| |
Value of
Interests(1)
|
| |
Percent of
Class(2)
|
Kuni Nakamura
|
| |
Same
|
| |
The LGL Group, Inc.
|
| |
Common Stock
|
| |
$21,769
|
| |
*
|
Kuni Nakamura
|
| |
Same
|
| |
The LGL Group, Inc.
|
| |
Warrants
|
| |
$1,074
|
| |
*
|
Werner J. Roeder
|
| |
Same
|
| |
Gabelli Associates Fund II
|
| |
Membership Interests
|
| |
$683,425
|
| |
*
|
Anthonie C. van Ekris
|
| |
Same
|
| |
LICT Corp.
|
| |
Common Stock
|
| |
$427,200
|
| |
*
|
Anthonie C. van Ekris
|
| |
Same
|
| |
The LGL Group, Inc.
|
| |
Common Stock
|
| |
$27,588
|
| |
*
|
Anthonie C. van Ekris
|
| |
Same
|
| |
CIBL, Inc.
|
| |
Common Stock
|
| |
$42,600
|
| |
*
|
Anthonie C. van Ekris
|
| |
Same
|
| |
The LGL Group, Inc.
|
| |
Warrants
|
| |
$1,362
|
| |
*
|
Salvatore J. Zizza
|
| |
Same
|
| |
Gabelli Associates Fund
|
| |
Membership Interests
|
| |
$2,722,035
|
| |
*
|
Salvatore J. Zizza
|
| |
Same
|
| |
Gabelli Performance Partnership L.P.
|
| |
Limited Partner Interests
|
| |
$323,804
|
| |
*
|
(1)
|
This information has been furnished as of December 31, 2020.
|
(2)
|
An asterisk indicates that the ownership amount constitutes less than 1% of the total interests outstanding.
|
Name of Person and Position
|
| |
Aggregate
Compensation from
the Fund
|
| |
Aggregate Compensation from
the Fund and Fund Complex
Paid to Directors(1)
|
INTERESTED DIRECTORS:
|
| |
|
| |
|
Mario J. Gabelli(2)
|
| |
|
| |
|
Chairman and Chief Investment Officer
|
| |
$0
|
| |
$0 (0)
|
Thomas H. Dinsmore
|
| |
|
| |
|
Director
|
| |
$0
|
| |
$0 (0)
|
Agnes Mullady(3)
|
| |
|
| |
|
Director
|
| |
$0
|
| |
$0 (0)
|
|
| |
|
| |
|
INDEPENDENT DIRECTORS/NOMINEES:
|
| |
|
| |
|
John Birch
|
| |
|
| |
|
Director
|
| |
$7,000
|
| |
$38,000 (4)
|
E. Val Cerutti
|
| |
|
| |
|
Director
|
| |
$6,000
|
| |
$33,000 (7)
|
Anthony S. Colavita
|
| |
|
| |
|
Director
|
| |
$8,500
|
| |
$134,000 (17)
|
Vincent D. Enright
|
| |
|
| |
|
Director
|
| |
$10,000
|
| |
$206,500 (16)
|
Leslie F. Foley
|
| |
|
| |
|
Director
|
| |
$6,000
|
| |
$47,000 (9)
|
Daniel D. Harding
|
| |
|
| |
|
Director
|
| |
$6,000
|
| |
$38,500 (3)
|
Michael J. Melarkey
|
| |
|
| |
|
Director
|
| |
$6,000
|
| |
$202,500 (21)
|
Kuni Nakamura
|
| |
|
| |
|
Director
|
| |
$6,000
|
| |
$360,000 (33)
|
Werner J. Roeder
|
| |
|
| |
|
Director
|
| |
$6,500
|
| |
$154,500 (20)
|
Anthonie C. van Ekris
|
| |
|
| |
|
Director
|
| |
$7,000
|
| |
$214,000 (23)
|
Salvatore J. Zizza
|
| |
|
| |
|
Director
|
| |
$7,500
|
| |
$320,000 (31)
|
(1)
|
Represents the total compensation paid to such persons during the fiscal year ended December 31, 2020, by investment companies (including the Fund) or portfolios that are part of the Fund Complex. The number in parentheses represents the number of such investment companies and portfolios.
|
(2)
|
Mr. Gabelli resigned as a Director of the Fund on March 25, 2021.
|
(3)
|
Ms. Mullady became a Director of the Fund on March 25, 2021.
|
Fiscal Year Ended
December 31
|
| |
Audit Fees
|
| |
Audit
Related Fees
|
| |
Tax Fees*
|
| |
All Other Fees
|
2019
|
| |
$38,576
|
| |
—
|
| |
$4,920
|
| |
$7,500
|
2020
|
| |
$39,348
|
| |
—
|
| |
$5,020
|
| |
—
|
*
|
“Tax Fees” are those fees billed by PricewaterhouseCoopers in connection with tax compliance services, including primarily the review of the Fund’s income tax returns.
|