Gabelli Utility Trust: Chairman Mario Gabelli hospitalized; GAMCO names Marangi president
GABELLI UTILITY TRUST disclosed that Chairman and Trustee Mario J. Gabelli was admitted to the hospital for observation and testing after a medical incident on March 19, 2026, and that his condition is improving, though the timeline for his return is not known. Day-to-day operations at the fund's parent company GAMCO continue under co-CEO Douglas R. Jamieson and Christopher J. Marangi, and Kevin V. Dreyer and Marangi lead the fund's portfolio management during his absence.
Key points
- Mario J. Gabelli was admitted to the hospital after a medical incident on March 19, 2026; his condition is improving.
- On March 22, 2026, GAMCO named Christopher J. Marangi its President under a succession plan in place for several years.
- Kevin V. Dreyer and Christopher J. Marangi lead the fund's portfolio management team during Mr. Gabelli's absence.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
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