{"id":933341,"date":"2026-02-02T16:05:59","date_gmt":"2026-02-02T21:05:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\/"},"modified":"2026-02-02T16:05:59","modified_gmt":"2026-02-02T21:05:59","slug":"gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\/","title":{"rendered":"GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds"},"content":{"rendered":"<div class=\"mw_release\">\n<p>GREENWICH, Conn., Feb.  02, 2026  (GLOBE NEWSWIRE) &#8212; GAMCO Investors, Inc. (\u201cGabelli\u201d) (OTCQX: GAMI) today announced that certain of its affiliates intend to nominate David Schachter for election as a Trustee to the Boards of the Saba Income &amp; Capital Opportunities Fund (NYSE: BRW) and the Saba Capital Income &amp; Opportunities Fund II (NYSE: SABA), both closed-end funds (the \u201cFunds\u201d) managed by Saba Capital Management L.P.<\/p>\n<p align=\"justify\">The Funds currently trade at discounts to their net asset values\u2014approximately 11.26% for BRW and 13.18% for SABA. Mr. Schachter brings more than four decades of dedicated closed-end fund experience, having devoted his entire professional career to this specialized segment of the industry. For over twenty-five years, he has been Vice President of the Gabelli Utility Trust (NYSE: GUT), a position he will continue to hold. Prior to joining Gabelli in 1998, Mr. Schachter worked for Thomas J. Herzfeld Advisors, an authority specializing in closed-end funds.<\/p>\n<p align=\"justify\">Mr. Schachter has appeared on major financial news networks including CNBC and CNN and has been quoted in prominent newspapers and financial publications on topics related to closed-end funds, shareholder value, and fund structure. He has made significant contributions to investor education by producing brochures and video content focused on closed-end funds, available through the Closed-End Fund Corner on Gabelli TV and YouTube (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7yzmA59En7k4XZkS2NmuKyv_NSkPu0rdGB-YEY7X6cdse1DM2lepn4whJOFKF3bFh0Pjf08q4tGZPx-7gq1LrwJVlIKVL_BOAC3fgd9AB9A7gVWAt476ZyLdXFvK2uIFiHNywsLIoCAVtFS5-cQjBs_mPQoDdutwfe5J2F4PJMoyw8yL3l1T_Xvr5uP74Qpc8IMPHuGBixhVLsIZXTvEsRuhoJctKIhLaRjU034ARis=\" rel=\"nofollow\" target=\"_blank\">https:\/\/gabelli.com\/insights\/gabelli-media\/gabelli-closed-end-corner\/<\/a><strong>)<\/strong>. He also co-authored the influential report entitled \u201cClosed-End Funds Managed Distribution Policy,\u201d further underscoring his depth of expertise and thought leadership within the closed-end fund community.<\/p>\n<p align=\"justify\">Gabelli believes that Mr. Schachter\u2019s election would meaningfully enhance Board independence and expertise and provide shareholders with a Trustee committed to addressing discount erosion, improving accountability, and advancing shareholder value.<\/p>\n<p>Gabelli and its affiliates intend to solicit proxies in support of Mr. Schachter\u2019s nomination as a Trustee of the Funds at each Fund\u2019s 2026 Annual Meeting of Shareholders.<\/p>\n<p>\n        <strong><br \/>\n          <em>About GAMCO Investors, Inc<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">GAMCO Investors, Inc. (OTCQX: GAMI), established in 1977, is a widely-recognized provider of investment advisory services to 27 open-end funds, 13 United States closed-end funds and one United Kingdom investment company, 8 actively managed exchange traded funds, one soci\u00e9t\u00e9 d\u2019investissement \u00e0 capital variable, and approximately 1,900 institutional and private wealth management investors principally in the U.S. The Company\u2019s revenues are based primarily on the levels of assets under management and fees associated with the various investment products.<\/p>\n<p align=\"justify\">In 1977, GAMCO launched its well-known All Cap Value equity strategy, Gabelli Value, in a separate account format and in 1986 entered the mutual fund business. Today, GAMCO offers a diverse set of client solutions across asset classes (e.g. Equities, Debt Instruments, Convertibles, non-market correlated Merger Arbitrage), regions, market capitalizations, sectors (e.g. Gold, Utilities) and investment styles (e.g. Value, Growth). GAMCO serves a broad client base, including institutions, intermediaries, offshore investors, private wealth, and direct retail investors.<\/p>\n<table style=\"border-collapse: collapse;width:99%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:5%;width:5%;min-width:5%\">Contact:<\/td>\n<td style=\"max-width:95%;width:95%;min-width:95%\">Investor Relations Contacts:<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>Bethany Uhlein | Laurissa Martire<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>(914) 921-5546<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NzIyOCM3NDA0Nzk5IzIxODg2NDg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/N2IyOGE5MDktNzg1Ny00MTYxLTkwY2UtNGZmOWUxMjdkNDkxLTEyMDAyMDEtMjAyNi0wMi0wMi1lbg==\/tiny\/GAMCO-Investors-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>GREENWICH, Conn., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; GAMCO Investors, Inc. (\u201cGabelli\u201d) (OTCQX: GAMI) today announced that certain of its affiliates intend to nominate David Schachter for election as a Trustee to the Boards of the Saba Income &amp; Capital Opportunities Fund (NYSE: BRW) and the Saba Capital Income &amp; Opportunities Fund II (NYSE: SABA), both closed-end funds (the \u201cFunds\u201d) managed by Saba Capital Management L.P. The Funds currently trade at discounts to their net asset values\u2014approximately 11.26% for BRW and 13.18% for SABA. Mr. Schachter brings more than four decades of dedicated closed-end fund experience, having devoted his entire professional career to this specialized segment of the industry. For over twenty-five years, he has been Vice President of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-933341","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"GREENWICH, Conn., Feb. 02, 2026 (GLOBE NEWSWIRE) &#8212; GAMCO Investors, Inc. (\u201cGabelli\u201d) (OTCQX: GAMI) today announced that certain of its affiliates intend to nominate David Schachter for election as a Trustee to the Boards of the Saba Income &amp; Capital Opportunities Fund (NYSE: BRW) and the Saba Capital Income &amp; Opportunities Fund II (NYSE: SABA), both closed-end funds (the \u201cFunds\u201d) managed by Saba Capital Management L.P. The Funds currently trade at discounts to their net asset values\u2014approximately 11.26% for BRW and 13.18% for SABA. Mr. Schachter brings more than four decades of dedicated closed-end fund experience, having devoted his entire professional career to this specialized segment of the industry. For over twenty-five years, he has been Vice President of the &hellip; Continue reading &quot;GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-02T21:05:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY0NzIyOCM3NDA0Nzk5IzIxODg2NDg=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds\",\"datePublished\":\"2026-02-02T21:05:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\\\/\"},\"wordCount\":485,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY0NzIyOCM3NDA0Nzk5IzIxODg2NDg=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gamco-investors-inc-to-make-nomination-to-the-boards-of-saba-capital-management-closed-end-funds\\\/\",\"name\":\"GAMCO Investors, Inc. to Make Nomination to the Boards of Saba Capital Management Closed-End Funds - 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(\u201cGabelli\u201d) (OTCQX: GAMI) today announced that certain of its affiliates intend to nominate David Schachter for election as a Trustee to the Boards of the Saba Income &amp; Capital Opportunities Fund (NYSE: BRW) and the Saba Capital Income &amp; Opportunities Fund II (NYSE: SABA), both closed-end funds (the \u201cFunds\u201d) managed by Saba Capital Management L.P. The Funds currently trade at discounts to their net asset values\u2014approximately 11.26% for BRW and 13.18% for SABA. Mr. Schachter brings more than four decades of dedicated closed-end fund experience, having devoted his entire professional career to this specialized segment of the industry. 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