May 7, 5:06 PM ET
Gabelli Equity Trust: Chairman Mario Gabelli hospitalized; succession plan implemented
The Fund disclosed that Mario J. Gabelli, its Trustee and Chairman and Chief Investment Officer, was admitted to hospital for observation and testing after a medical incident on March 19, 2026, and that his condition is improving with the timeline for his return not yet known. Co-Chief Investment Officers Kevin V. Dreyer and Christopher J. Marangi are leading the Fund's portfolio management team in his absence, which matters to shareholders because day-to-day investment leadership has changed.
- Mario J. Gabelli was admitted to hospital after a medical incident on March 19, 2026; his condition is improving, but no return date has been set.
- On March 22, 2026, GAMCO implemented a succession plan under which Christopher J. Marangi was named President of GAMCO.
- Kevin V. Dreyer and Christopher J. Marangi lead the Fund's portfolio management team during Mr. Gabelli's absence.
- Douglas R. Jamieson and Christopher J. Marangi will continue to lead GAMCO's day-to-day operations.