Gabelli Global Utility & Income Trust Appoints Nicolas W. Platt to Board of Trustees
March 26, 2024 at 05:22 pm IST
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The Board of Trustees of The Gabelli Global Utility & Income Trust announced the appointment of Nicolas W. Platt to the Board of the Fund effective February 13, 2024. Mr. Platt is a private investor and is a member of the NYSE American LLC Committee on Securities. In 2018, New Jersey Governor Phil Murphy appointed Mr. Platt to be one of two bipartisan ?Czars?
to address the State's property tax crisis. He served as Mayor of the Township of Harding, New Jersey from 2013 to 2016, and currently serves on the Township Committee. From 2009 until 2011, Mr. Platt served as Managing Director of FTI Consulting Inc., an international financial consulting company.
Prior to March 2009, he was a senior executive with WPP Group, plc subsidiaries Ogilvy Worldwide and Young & Rubicam - Burson-Marsteller?s corporate practice. He spent thirteen years in leadership roles at both the New York and American Stock Exchanges. At the AMEX, Mr. Platt oversaw the exchange?s domestic and international listing efforts and was the liaison to the investment banking community.
Mr. Platt received his bachelor?s degree from Skidmore College and an M.A. in Economics from Columbia University.
The Gabelli Global Utility & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fundâs investment objective is to seek a consistent level of after-tax total return for its investors with an emphasis on tax-advantaged dividend income under current tax law. Under normal market conditions, the Fund invests at least 80% of its assets in equity securities and income-producing securities (such as governments) of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay periodic dividends. The Fund invests in sectors, such as integrated energy and utilities, telecommunications, food and beverage, cable and satellite, financial services, alternative energy, electronics, wireless communications, building and construction, computer software and services, metals and mining, hotels and gaming, and consumer products, among others. The Fund's investment advisor is Gabelli Funds, LLC.
THE GABELLI GLOBAL UTILITY & INCOME TRUST 
