Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Rhea-AI Summary
Gabelli Utility Trust (NYSE:GUT) announced that its Board of Trustees has approved the continuation of the Fund’s fixed monthly cash distribution policy and declared cash distributions of $0.05 per share for each of October, November, and December 2026. Record dates are October 16, November 13, and December 11, 2026, with payable dates of October 23, November 20, and December 18, 2026, respectively. The Board reviews distribution levels quarterly and may make an adjusting December payment to meet regulated investment company tax requirements. The Fund has paid monthly distributions since October 1999 and its shares are currently trading at a premium to net asset value.
Positive
- $0.05 monthly distributions declared for October, November, December 2026
- Fixed monthly distribution policy continued by the Board of Trustees
- Fund has paid monthly distributions since October 1999
- 2026 distributions estimated to include 56% income and gains (12% NII, 44% capital gains)
Negative
- Fund shares currently trade at a premium to NAV, which Board views as likely unsustainable
- 44% of 2026 distributions estimated as return of capital on a book basis
- Dividend reinvestment plan currently reinvests at a premium to NAV
- Distribution policy is subject to modification and not guaranteed to continue
AI-generated analysis. How Rhea-AI works. Not financial advice.
RYE, N.Y., Aug. 12, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of
| Distribution Month | Record Date | Payable Date | Distribution Per Share | ||
| October | October 16, 2026 | October 23, 2026 | |||
| November | November 13, 2026 | November 20, 2026 | |||
| December | December 11, 2026 | December 18, 2026 |
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Gabelli Utility Trust has paid a distribution to shareholders every month since October 1999.
The Fund’s shares are currently trading at a premium to net asset value. The Board of Trustees believes that the premium at which the Fund shares trade relative to net asset value is not likely to be sustainable. Shareholders participating in the Fund’s dividend reinvestment plan should note that at the current market price, the reinvestment of distributions occurs at a premium to net asset value.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
David Schachter
(914) 921-5057
About The Gabelli Utility Trust
The Gabelli Utility Trust is a diversified, closed-end management investment company with
NYSE – GUT
CUSIP – 36240A101
THE GABELLI UTILITY TRUST
Investor Relations Contact:
David Schachter
(914) 921-5057
dschachter@gabelli.com
