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GABELLI UTILITY TRUST - $GUT STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GABELLI UTILITY TRUST's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GABELLI UTILITY TRUST's position in the market.

News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
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none
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News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
NYSE: GUT - The Gabelli Utility Trust Continues Monthly Cash Distributions
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.92%
Tags
none
-
News
Gabelli Utility Trust to Commence Exchange Offer For Series B Auction Market Preferred Shares
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
none
News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
none
-
News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
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none
-
News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
none
News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
none
-
News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
-
News
Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
Gabelli Utility Trust Rights Offering Oversubscribed by $68 Million Raising $50 Million
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
none
Stock GUT logo
GABELLI UTILITY TRUST

NYSE:GUT

GUT Rankings

#3105 Ranked by Market Cap
#3021 Ranked by Stock Gains
#175 Ranked by Dividends

GUT Stock Data

446.94M
63.94M
1.23%
8.03%
2.05%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
Rye

About GUT

gamco investors, inc. (nyse:gbl) is a well-established provider of investment advisory services to open and closed-end funds, institutional, and private wealth management investors. since mario j. gabelli founded the firm in 1977, gamco has been recognized for its research driven approach to equity investing and our proprietary private market value (pmv) with a catalyst™ stock selection strategy. as of december 31, 2016, the company has $39.7 billion aum, 95% of which is invested in equities, principally through our two registered investment advisers: gamco asset management inc. (“institutional and private wealth management”) and gabelli funds, llc (“funds”). g.distributors, llc (“g.distributors”) acts as an underwriter and distributor for our open-end funds.