Elizabeth Bogan
About Elizabeth C. Bogan
Elizabeth C. Bogan, Ph.D. is an Independent Trustee of The Gabelli Dividend & Income Trust (GDV), serving since 2021 (year of birth: 1944). She was formerly a Senior Lecturer in Economics at Princeton University (1992–2020) and previously chaired the Economics and Finance Department at Fairleigh Dickinson University. She holds a B.A. in Economics (Wellesley), an M.A. in Quantitative Economics (University of New Hampshire), and a Ph.D. in Economics (Columbia). She oversees 12 portfolios in the Gabelli Fund Complex and is classified as independent under the 1940 Act. Her current GDV board class is scheduled to serve until the 2027 Annual Meeting.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Princeton University | Senior Lecturer in Economics | 1992–2020 | Teaching and program responsibilities in economics |
| Fairleigh Dickinson University | Chair, Economics & Finance Dept.; Exec. Committee member, College of Business Administration | — | Academic leadership/administration |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Other Directorships (non-Gabelli funds) | None disclosed in last 5 years | — | GDV proxy shows “—” for other public company directorships |
Board Governance
| Topic | Details |
|---|---|
| Independence | Independent Trustee (not an “interested person” under the 1940 Act) |
| Board class/term | Serving until the 2027 Annual Meeting of Shareholders |
| Tenure at GDV | Trustee since 2021 |
| Lead Independent Trustee | James P. Conn |
| Board committees (GDV) | Board has Audit and Nominating Committees; also maintains ad hoc Proxy Voting and ad hoc Pricing Committees. Bogan’s specific committee assignments for GDV are not listed in the proxy (bio notes she “serves on committees for other funds in the Fund Complex”). |
| Committee leadership (GDV) | Audit Committee Chair: Salvatore M. Salibello; Nominating Committee Chair: Anthony S. Colavita |
| Meeting cadence (2024) | Board met 5 times in 2024 (4 regular, 1 special) |
| Attendance (2024) | Each Trustee then serving attended at least 75% of Board meetings and of any committee(s) on which they served |
| Shareholder meeting attendance (2024) | GDV does not expect Trustees to attend the annual meeting; no Trustee/nominee attended the May 13, 2024 meeting (engagement watchpoint) |
| Audit Committee governance | Audit Charter reviewed/approved February 13, 2025; PwC served as independent auditor for FYE 12/31/2024 |
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual retainer (Independent Trustees and certain Interested Trustees) | $18,000 | Paid by GDV |
| Board meeting fee | $2,000 per Board meeting attended | Paid by GDV |
| Committee meeting fee | $1,000 per committee meeting attended | Paid by GDV |
| Audit Committee Chair fee | $3,000 annual | Role currently held by Salvatore M. Salibello (not Bogan) |
| Nominating Committee Chair fee | $2,000 annual | Role currently held by Anthony S. Colavita (not Bogan) |
| Lead Independent Trustee fee | $2,000 annual | Role held by James P. Conn (not Bogan) |
| Elizabeth C. Bogan — Aggregate compensation from GDV (FY2024) | $26,000 | As reported in GDV’s 2024 Compensation Table |
| Elizabeth C. Bogan — Aggregate compensation from Fund Complex (FY2024) | $152,000 | Number in parentheses indicates 12 funds/portfolios |
Performance Compensation
| Instrument/Metric | Structure | Vesting/Triggers | FY2024 Notes |
|---|---|---|---|
| Equity awards (RSUs/PSUs/Options) | None disclosed for Trustees | — | Director compensation table for FY2024 lists only cash fees; no equity grants are shown |
| Performance metrics (TSR, revenue, EBITDA, ESG) | Not applicable to non-executive Trustees | — | No performance-linked pay structure disclosed for Trustees |
| Clawback/COC/Severance/Perqs | Not applicable to non-executive Trustees | — | Not disclosed for Trustees |
Other Directorships & Interlocks
| Company | Role | Committee roles | Potential interlock/conflict |
|---|---|---|---|
| None disclosed | — | — | GDV proxy reports none for Bogan |
Expertise & Qualifications
- Economics and academia: Former Senior Lecturer in Economics (Princeton, 1992–2020); former Chair of Economics & Finance (Fairleigh Dickinson) .
- Advanced analytical training: Ph.D. in Economics (Columbia); M.A. in Quantitative Economics (University of New Hampshire); B.A. in Economics (Wellesley) .
- Fund governance exposure: Serves on committees for other funds in the Gabelli Fund Complex (breadth of fund governance experience) .
Equity Ownership
| Metric (as of 12/31/2024) | Value |
|---|---|
| GDV Common Shares beneficially owned | 0 |
| GDV Preferred Shares beneficially owned | 0 (no holdings listed for Bogan) |
| Ownership as % of shares outstanding | “*” (less than 1%) |
| Dollar range of equity in GDV (Fund) | A: None |
| Aggregate dollar range in Family of Investment Companies | E: Over $100,000 |
Governance Assessment
-
Positives
- Independent Trustee with deep economics background and 12-portfolio oversight across the complex, supporting financial literacy and risk oversight .
- Board-level processes appear active: five Board meetings in 2024; Audit Charter refreshed in 2025; clear committee leadership by Independent Trustees .
- Attendance threshold met (≥75% of Board/committee meetings) in FY2024, indicating baseline engagement .
-
Watchpoints
- Skin-in-the-game: Bogan reported 0 GDV shares as of 12/31/2024, though she reports over $100,000 across the Fund Complex; some investors may prefer direct ownership of the specific fund overseen .
- Shareholder engagement optics: GDV states Trustees are not expected to attend annual meetings; none attended the May 13, 2024 meeting (applies to entire board/nominees), which some governance-focused investors view as suboptimal for engagement .
- Committee transparency: GDV proxy does not specify Bogan’s GDV committee assignments (her bio notes committee service at other funds), limiting visibility into her role in audit/nom/gov oversight for GDV specifically .
-
Conflicts/Related-Party
- No related-party transactions or conflicts disclosed for Bogan in the GDV proxy reviewed. Notably, a separate disclosure relates to another trustee (not Bogan) with an SEC settlement; the Board concluded it does not disqualify that trustee—no bearing on Bogan’s status .