Welcome to our dedicated page for Gabelli Utility Trust news (Ticker: GUT), a resource for investors and traders seeking the latest updates and insights on Gabelli Utility Trust stock.
Gabelli Utility Trust (GUT) provides investors with focused exposure to essential utility and telecommunications sectors through its closed-end fund structure. This news hub offers timely updates on the trust's strategic moves, financial performance, and industry developments that impact its diversified portfolio.
Access authoritative reporting on earnings announcements, dividend declarations, and investment strategy updates. Our coverage spans operational developments across GUT's core holdings in electrical infrastructure, water utilities, and telecom assets, providing context for both income-focused investors and growth-oriented analysts.
Key updates include regulatory changes affecting utility markets, capital allocation decisions, and sector-specific analysis of energy transition trends. Bookmark this page for consolidated access to press releases and market commentary relevant to GUT's position in the closed-end fund space.
The Gabelli Utility Trust (NYSE:GUT) has announced the continuation of its fixed monthly cash distribution policy, declaring distributions of $0.05 per share for April, May, and June 2025. The Fund's Board of Trustees reviews distribution amounts quarterly, considering income, realized capital gains, and market conditions.
The distributions are scheduled for payment on April 23, May 22, and June 23, 2025, to shareholders of record on April 15, May 15, and June 13, respectively. The Fund has maintained monthly distributions since October 1999. Currently, shares are trading at a premium to net asset value, which the Board believes may not be sustainable.
The 2025 distributions are expected to comprise approximately 1% from net investment income and 99% return of capital on a book basis. Shareholders should note that reinvestment of distributions occurs at a premium to net asset value under the current market price.
The Gabelli Utility Trust (NYSE:GUT) Board of Trustees has approved the continuation of its fixed monthly cash distributions policy, declaring $0.05 per share for January, February, and March 2025. The distributions will be paid on respective dates in each month. The Board continues to evaluate strategic opportunities in the current market environment. The Fund has maintained monthly distributions since October 1999. Currently, shares are trading at a premium to net asset value, which the Board believes may not be sustainable. The 2024 distributions comprise approximately 4% from net investment income and 96% return of capital on a book basis.
The Gabelli Utility Trust (NYSE: GUT) has successfully concluded its transferable rights offering, raising $58,120,545 in gross proceeds. The Fund will issue 11,624,109 common shares as a result of the offering. Rights holders were able to purchase common shares by submitting five Rights and $5.00 per share. The offering expired on October 21, 2024, and new common shares will be issued around October 25, 2024. These new shares will be eligible for the Fund's monthly distribution on November 21, 2024, but not for the October 24, 2024 distribution. Over-subscription requests will be allocated in full among fully exercising record date shareholders, subject to Board approval.
The Gabelli Utility Trust (NYSE:GUT) has announced the continuation of its monthly cash distribution policy. The Board of Trustees has declared $0.05 per share distributions for October, November, and December 2024. The Fund has consistently paid monthly distributions since October 1999.
Key points:
- The Board is evaluating strategic opportunities in the current market environment
- The Fund's shares are trading at a premium to net asset value, which may not be sustainable
- Distributions may include long-term capital gains and qualified dividend income
- Approximately 8% of 2024 distributions are from net investment income, while 92% are deemed return of capital
The Fund's distribution policy is subject to modification, and shareholders should consider tax implications and consult financial advisors for personalized advice.
The Gabelli Utility Trust (NYSE: GUT) has announced a transferable rights offering for common shareholders. Key details include:
- Record date: September 9, 2024
- One transferable right per common share held
- Five rights plus $5.00 required to purchase one additional common share
- Over-subscription privilege for fully exercising shareholders
- Rights expected to trade on NYSE from September 5, 2024
- Offering expires on October 21, 2024, at 5:00 PM ET
The Fund may use net proceeds for investment purposes or to redeem preferred shares or repay outstanding notes. This offering is made under the Fund's effective shelf registration statement.
The Gabelli Utility Trust (NYSE:GUT) announced the continuation of its fixed monthly cash distributions, with $0.05 per share declared for July, August, and September 2024. These distributions will be payable on July 24, August 23, and September 23, respectively.
The Board of Trustees will review the Fund's financials quarterly and may adjust distributions if needed, particularly in December.
The Fund's shares trade at a premium to net asset value, which the Board believes may not be sustainable. For 2024, approximately 99% of distributions are expected to be a return of capital.
Shareholders will receive detailed tax information in early 2025. The Fund has consistently paid monthly distributions since October 1999.
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