Mario J. Gabelli, Trustee, Chairman, and CIO, is recovering following a medical incident on March 19, 2026. The firm has activated its long-standing succession plan as of March 22, 2026. Christopher J. Marangi has been appointed President of GAMCO Investors, Inc. Day-to-day operations remain under the leadership of co-CEO Douglas R. Jamieson and Christopher J. Marangi. Kevin V. Dreyer and Christopher J. Marangi continue to serve as Co-Chief Investment Officers for the Fund's portfolio management team.