Top of the Agenda - Succession

Gabelli CEF board to add NY politician, media personality
By Hillary Jackson
The Gabelli Dividend & Income Trust board has nominated a well-known New York politician, radio producer, and TV host to join its boardroom. Pending a shareholder vote scheduled for May 13, he will join the more than two dozen independent directors who oversee the 22 open-end, 13 closed-end, three money ...  >> CONTINUE READING <<<

 

 

Veteran steps down as chair of ALPS series trusts, CEF

By Hillary Jackson
The ALPS-administered Financial Investors Trust has a new independent chair after veteran director Mary Anstine retired from the role as of April 1. Having joined the board in 1997, she will remain as an independent director on this board, as well as on the boards of the ALPS ETF and ALPS ...  >> CONTINUE READING <<<

 

 

Retirement to hit PIMCO CEFs in June
The boards overseeing PIMCO's 30 closed-end funds will have an empty seat around the table in a few months' time, following Joseph Kittredge's scheduled retirement. His departure will leave the board with six independent and two interested directors, all of whom are nominated for re-election by shareholders in April. 
 
Kittredge, who ...  >> CONTINUE READING <<<

 

 

Principal Funds board searches for independent
By Hillary Jackson
The Principal Funds board is in the midst of a director search to fill a seat vacated at the end of 2023 and expects to have someone in place by the end of next month. While the board was anticipating—and had prepared for—two retirements at the end of last year, ...  >> CONTINUE READING <<<

 

 

American Century Funds board adds '40 Act lawyer
By Hillary Jackson
The Mountain View board of American Century Funds has hired a veteran industry lawyer—and its now-former independent counsel—to serve as an independent director, filling one of two seats that opened up this year after long-serving directors retired on Dec. 31. "After evaluating the needs of the board, [the directors] decided ...  >> CONTINUE READING <<<

 

 

Fabozzi wraps up 35 years as independent fund director
By Hillary Jackson
Frank Fabozzi has left the boardroom.
 
After 35 years of service, Fabozzi retired from his role as an independent director of BlackRock Funds on Dec. 31. The economist, educator, and writer departed in line with the board's retirement policy, which requires directors to step off at the end of the calendar ...  >> CONTINUE READING <<<

 

 


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