Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Gabelli Utility Trust ( (GUT) ) has issued an update.
Gabelli Utility Trust reported that its longtime trustee and chairman, Mario J. Gabelli, was hospitalized on March 19, 2026, after a medical incident in New York City and remains on the path to recovery, though the timing of his return is still unknown. Following his hospitalization, GAMCO Investors implemented its long-standing succession plan on March 22, 2026, naming Christopher J. Marangi as president and confirming that co-CEO Douglas R. Jamieson and Marangi will lead day-to-day operations, while the Gabelli Value team co-chief investment officers, Kevin V. Dreyer and Marangi, handle portfolio management for the fund, signaling continuity of leadership and investment strategy during Gabelli’s absence.
More about Gabelli Utility Trust
Gabelli Utility Trust is a closed-end investment fund advised by Gabelli Funds, LLC, part of the GAMCO Investors, Inc. group, and focuses on value-oriented portfolio management in the utilities and related sectors. The fund is overseen by a team of co-chief investment officers and portfolio managers within the broader Gabelli Value organization, which emphasizes disciplined value investing strategies.
Average Trading Volume: 196,384
Learn more about GUT stock on TipRanks’ Stock Analysis page.