RYE, N.Y. -- (Business Wire)
The Gabelli Equity Trust Inc. (NYSE:GAB) appointed Mr. William F.
Heitmann to the Board of Directors of the Fund.
Mr. Heitmann currently serves on The Board of Trustees of the GAMCO
Natural Resources, Gold & Income Trust by Gabelli and the Gabelli SRI
Green Fund, Inc. He most recently served as Senior Vice President of
Finance at Verizon Communications, Inc. and was responsible for leading
the Verizon Investment Management Corporation for which he also held the
positions of President and Chief Investment Officer. During his
thirty-nine year career at Verizon Communications and its predecessor
companies, he served as Senior Vice President and Treasurer of Verizon
Communications, Vice President of Asset Management, Treasurer of Bell
Atlantic Corporation, and Vice President of Merger Implementation during
the Bell Atlantic-NYNEX merger. Additionally, he served as Chairman of
the Board for Verizon Capital Corporation, the Company’s financial
subsidiary. In his leadership roles outside Verizon, Mr. Heitmann was a
Director of DRS Technologies, formerly a NYSE listed Company, and Chair
of its Audit Committee; a Director of the Pension Real Estate
Association; and a member of the Committee for the Investment of
Employee Benefit Assets, the Financial Executives Institute, the Pension
Manager’s Advisory Committee of the NYSE, and the Investment Committee
of the Neurological Society. Mr. Heitmann received his Bachelor’s degree
in Mechanical Engineering from New Jersey Institute of Technology and
his Master’s of Business Administration from Rutgers University.
Gabelli Funds, LLC serves as the investment adviser to the
aforementioned Gabelli Funds and is a wholly owned subsidiary of GAMCO
Investors, Inc. (NYSE:GBL), which through its subsidiaries, manages
assets of private advisory accounts (GAMCO Asset Management Inc.),
mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships
and offshore funds (Gabelli Securities, Inc.) and is known for its
Private Market Value with a Catalyst® style of investment. As
of June 30, 2012, GAMCO Investors, Inc. had $35.7 billion in assets
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain some
forward-looking statements. Forward-looking statements give our current
expectations or forecasts of future events. You can identify these
statements because they do not relate strictly to historical or current
facts. They use words such as "anticipate," "estimate," "expect,"
"project," "intend," "plan," "believe," and other words and terms of
similar meaning. They also appear in any discussion of future operating
or financial performance. In particular, these include statements
relating to future actions, future performance of our products,
expenses, the outcome of any legal proceedings, and financial results.
Although we believe that we are basing our expectations and beliefs on
reasonable assumptions within the bounds of what we currently know about
our business and operations, there can be no assurance that our actual
results will not differ materially from what we expect or believe. Some
of the factors that could cause our actual results to differ from our
expectations or beliefs include, without limitation: the adverse effect
from a decline in the securities markets; a decline in the performance
of our products; a general downturn in the economy; changes in
government policy or regulation; changes in our ability to attract or
retain key employees; and unforeseen costs and other effects related to
legal proceedings or investigations of governmental and self-regulatory
organizations. We also direct your attention to any more specific
discussions of risk contained in our Form 10-K and other public filings.
We are providing these statements as permitted by the Private Litigation
Reform Act of 1995. We do not undertake to update publicly any
forward-looking statements if we subsequently learn that we are unlikely
to achieve our expectations or if we receive any additional information
relating to the subject matters of our forward-looking statements.
The Gabelli Equity Trust Inc.
Bruce N. Alpert / Agnes
For further information
Source: The Gabelli Equity Trust Inc.
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