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GABELLI UTILITY TRUST - GUT STOCK NEWS

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Gabelli Utility Trust (NYSE: GUT) operates as a diversified closed-end investment management company. The primary objective of the fund is to achieve long-term growth of capital and income. To realize this goal, Gabelli Utility Trust invests its assets in common stocks and other securities of both foreign and domestic companies involved in key sectors such as electricity, gas, water, telecommunications services, and infrastructure operations.

Formed under the umbrella of Gamco Investors, Inc., the fund leverages the extensive research-driven approach and proprietary Private Market Value (PMV) with a catalyst™ stock selection strategy developed by its parent company. Since its inception, the firm has earned a reputation for its deep research and effective investment strategies.

Gabelli Utility Trust diversifies its investments across various sectors, with significant stakes in Electric Integrated, Water, Telecommunications, and U.S. Government Obligations among others. This diversified approach reduces risk while aiming for steady returns. The trust's portfolio is managed by seasoned professionals who meticulously analyze market trends, company performance, and economic indicators to ensure optimal returns for its shareholders.

Recently, the company has been involved in several noteworthy projects and has formed strategic partnerships to enhance its portfolio. These include investments in emerging markets and green energy initiatives, reflecting its commitment to sustainable growth. Financially, Gabelli Utility Trust maintains a robust position, with a solid track record of performance and consistent returns to its investors.

Whether you are a potential investor or existing shareholder, staying updated with Gabelli Utility Trust's ongoing projects and latest achievements is essential. The fund's transparent and strategic investment approach makes it a reliable choice for those seeking long-term growth in the utility sector.

Rhea-AI Summary

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.

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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.

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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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The Gabelli Utility Trust (GUT) continues its fixed monthly cash distributions, declaring $0.05 per share for April, May, and June 2024. The Board of Trustees reviews distribution amounts quarterly based on income and market conditions. Shareholders may receive long-term capital gains or qualified dividend income. The Fund's shares trade at a premium to net asset value, which may not be sustainable.
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NYSE: GUT - The Gabelli Utility Trust Continues Monthly Cash Distributions
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The Gabelli Utility Trust (GUT) has authorized an exchange offer for its Series B Auction Market Preferred Shares. Owners of the Series B Preferred Shares may exchange them for newly-issued promissory notes at an exchange ratio of $912 per $1,000 of liquidation preference. If 100% of the Series B Preferred Shares are exchanged, the Fund's leverage associated with its common stock will be reduced to 23% and will require increased asset coverage.
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The Gabelli Utility Trust (GUT) continues its fixed monthly cash distributions, declaring $0.05 per share for October, November, and December 2023. The Fund's shares are currently trading at a premium to net asset value, but the Board of Trustees believes this premium is not likely to be sustainable.
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The Gabelli Utility Trust (NYSE:GUT) announced its decision to maintain fixed monthly cash distributions of $0.05 per share for April, May, and June 2023. The approved distributions will be payable on the 21st, 23rd, and 23rd of April, May, and June, respectively. The Board of Trustees regularly reviews distribution amounts based on net asset value and market conditions. Notably, GUT's shares currently trade at a premium to net asset value, which is not expected to be sustainable. Since October 1999, the Fund has consistently paid monthly distributions. The Fund has total net assets of $336 million, primarily investing in utility companies.

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The Gabelli Utility Trust (NYSE:GUT) has approved the continuation of its fixed monthly cash distributions, declaring a distribution of $0.05 per share for January, February, and March 2023. The record and payable dates for these distributions have been set for mid-January, February, and March 2023. The total net assets of the Fund amount to $345 million. While the Fund has maintained monthly distributions since October 1999, the Board warns that its current trading premium over net asset value may not be sustainable. This policy is subject to change.

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FAQ

What is the current stock price of GABELLI UTILITY TRUST (GUT)?

The current stock price of GABELLI UTILITY TRUST (GUT) is $5.36 as of September 17, 2024.

What is the market cap of GABELLI UTILITY TRUST (GUT)?

The market cap of GABELLI UTILITY TRUST (GUT) is approximately 417.9M.

What is Gabelli Utility Trust’s primary objective?

The primary objective of Gabelli Utility Trust is the long-term growth of capital and income.

In which sectors does Gabelli Utility Trust invest?

Gabelli Utility Trust invests in sectors including electricity, gas, water, telecommunications services, and infrastructure operations.

How does Gabelli Utility Trust achieve its investment goals?

The fund achieves its goals by investing in a diversified portfolio of common stocks and other securities, leveraging a research-driven approach and proprietary stock selection strategy.

What strategic approach does Gabelli Utility Trust use?

Gabelli Utility Trust uses the Private Market Value (PMV) with a catalyst™ stock selection strategy developed by Gamco Investors, Inc.

How does Gabelli Utility Trust ensure diversification?

The trust diversifies its investments across various sectors to reduce risk and ensure steady returns.

Has Gabelli Utility Trust been involved in recent projects or partnerships?

Yes, the trust has been involved in several noteworthy projects and strategic partnerships, including investments in emerging markets and green energy initiatives.

What is the financial condition of Gabelli Utility Trust?

Gabelli Utility Trust maintains a robust financial position with a solid track record of performance and consistent returns to its investors.

What services does Gabelli Utility Trust provide?

Gabelli Utility Trust primarily focuses on investment management services through strategic investments within utility sectors.

Who manages Gabelli Utility Trust’s portfolio?

The portfolio is managed by seasoned professionals who analyze market trends, company performance, and economic indicators.

Why should I invest in Gabelli Utility Trust?

Gabelli Utility Trust offers a strategic, diversified investment approach aimed at long-term growth, making it a reliable choice for investors seeking steady returns in the utility sector.

GABELLI UTILITY TRUST

NYSE:GUT

GUT Rankings

GUT Stock Data

417.86M
75.98M
1.22%
8.22%
2.08%
Asset Management
Financial Services
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United States of America
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