Discount Doctor to Visit United Kingdom in Support of Investment Trusts
Written by Emily J. Thompson, Senior Investment Analyst
Source: Globenewswire
David Schachter's Visit to the UK: David Schachter, Senior Vice President of GAMCO Investors, Inc., is visiting the UK to support the British investment trust industry, emphasizing the historical significance of closed-end funds in building American railroads and their current threats from short-term activism.
Advocacy for Long-Term Investment: Schachter criticizes recent activist movements as detrimental to long-term investors, advocating for the preservation of closed-end funds as a means of patient capital that provides freedom for investors against mass redemptions.
Analyst Views on GUT
About GUT
The Gabelli Utility Trust (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is long term growth of capital and income. The Fund invests at least 80% of its net assets (plus borrowings made for investment purposes), under normal market conditions, in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations. Under normal circumstances, the Fund invests in securities of issuers located in countries other than the United States and may invest in such foreign securities without limitation. The Fund's portfolio includes equipment and supplies, transportation, diversified industrial, oil, electronics, environmental services, financial services, automotive and specialty chemicals. The Fund's investment adviser is Gabelli Funds, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
