Calgary Avansino

About Calgary Avansino

Calgary Avansino (year of birth: 1975) is an Independent Trustee of GAMCO Global Gold, Natural Resources & Income Trust (GGN) since 2021. Her background includes CEO of Glamcam (2018–2020), prior senior editorial roles at British Vogue (2009–2013), and authorship of a nutrition book; she is a graduate of Georgetown University (BA, English Literature; minor in Women’s Studies) and Cate Preparatory School ’93 . She is nominated to serve until the 2028 Annual Meeting of Shareholders . All trustees other than Agnes Mullady are deemed Independent Trustees; independent trustees chair all board committees and meet regularly in executive session .

Past Roles

External Roles

Board Governance

• Board structure: no Chairman; James P. Conn serves as Lead Independent Trustee, presiding over executive sessions and liaising with service providers between meetings .
• Committees and leadership:
  • Audit Committee: Vincent D. Enright (Chair), members Frank J. Fahrenkopf, Jr. and Salvatore J. Zizza; met two times in FY2024; Enright designated Audit Committee Financial Expert .
  • Nominating Committee: Anthony S. Colavita (Chair), members Michael J. Melarkey and Salvatore J. Zizza; met once in FY2024 .
  • Ad hoc committees: Proxy Voting (chaired by Enright), Pricing Committee; multi-fund ad hoc Compensation Committees for CCO and certain officers .
• Avansino committee membership: Not listed as a member of Audit, Nominating, Proxy Voting, Pricing, or multi-fund compensation committees .
• Attendance and engagement:
  • Board meetings: four regular quarterly meetings in FY2024; each Trustee attended at least 75% of Board meetings and of any committee of which he or she is a member .
  • Annual shareholder meeting: No Trustee or nominee attended the May 13, 2024 annual meeting of shareholders .
• Independence: All Trustees other than Mullady are Independent Trustees; Avansino is listed among Independent Trustees .

Fixed Compensation

• Fee policy (FY2024):
  • Annual retainer: $15,000 per Independent Trustee; $2,000 per Board meeting attended; committee members receive $1,000 per meeting; Audit Chair $3,000 annual; Nominating Chair and Lead Independent Trustee $2,000 annual .
• Paid compensation (FY2024): | Metric | FY2023 | FY2024 | |---|---|---| | Aggregate Compensation from GGN (cash) | $23,000 | $23,000 | | Aggregate Compensation from Fund Complex (cash total across portfolios) | $53,000 | $52,000 | | Portfolios Overseen in Fund Complex | 5 | 5 |

Notes: Board met four times in FY2024, aligning with $15,000 retainer + 4×$2,000 meeting fees = $23,000 for non-chair trustees .

Performance Compensation

• No equity grants (RSUs/PSUs), options, or performance-based compensation metrics are disclosed for Trustees. Compensation is structured as cash retainers and meeting fees; no TSR/EBITDA/revenue-linked metrics are reported for directors .

Other Directorships & Interlocks

Expertise & Qualifications

• Domain experience: Consumer tech/social commerce (CEO Glamcam); media/digital strategy (British Vogue leadership) .
• Education: Georgetown University ’98 (English Literature major; Women’s Studies minor); Cate Preparatory School ’93 .
• Board skills: Fund’s description emphasizes trustees’ ability to review, question, and discuss information; exercise independent business judgment; and interact effectively with management and service providers .

Equity Ownership

Notes: Trustees and officers as a group own <1% of total Common and Preferred Shares .

Governance Assessment

• Independence and potential conflicts: Avansino is an Independent Trustee and is not listed as having beneficial interests in adviser-affiliated entities, reducing conflict risk versus certain peers who do hold such interests .
• Committee engagement: She is not identified on standing committees (Audit, Nominating) or ad hoc committees, limiting direct influence on audit oversight, nominations, or proxy/pricing actions relative to committee members .
• Attendance and engagement signals: Board met four times in FY2024 with ≥75% attendance for all trustees; however, no trustees (including Avansino) attended the May 13, 2024 shareholder annual meeting, which may be viewed as a shareholder engagement gap .
• Alignment: 0-share beneficial ownership and “None” dollar range in GGN indicate limited direct economic alignment; there is no disclosed director stock ownership guideline compelling share ownership, and overall trustee group ownership is immaterial .
• Compensation: Structure is fully cash-based retainer and meeting fees; no equity or performance linkage, which is typical for closed-end fund trustees but provides minimal pay-for-performance alignment. Year-over-year complex-wide compensation modestly decreased ($53,000 → $52,000) with flat fund-level compensation ($23,000), consistent with stable meeting activity and lack of chair roles .

RED FLAGS

• No attendance at the 2024 annual shareholder meeting by any trustees, including Avansino .
• Zero share ownership in GGN and no disclosed ownership guideline for trustees, indicating low “skin-in-the-game” alignment .

Positive Signals

• Independent status with no disclosed adviser-affiliated interests, mitigating conflict risk .
• Board-level assurance that all trustees met ≥75% attendance thresholds, and established committee structures with designated financial expert on Audit Committee .