Gabelli Utility Trust Stock Price, News & Analysis

The Gabelli Utility Trust (NYSE:GUT) announced the redemption of all outstanding 5.625% Series A Cumulative Preferred Shares, effective January 31, 2022. The shares will be redeemed at $25.13671875 each, which includes the liquidation preference of $25.00 plus $0.13671875 in unpaid dividends. Post-redemption, these shares will cease to be outstanding, and dividends will no longer accumulate. The shares, rated 'A1' by Moody's, will be redeemed through the Depository Trust Company, with Computershare Trust Company acting as the paying agent. The Gabelli Utility Trust focuses on long-term capital and income growth through investments in utility companies.

The Gabelli Utility Trust (NYSE:GUT) has approved the redemption of all outstanding 5.625% Series A Cumulative Preferred Shares. The redemption price is set at $25.00 per share, plus any accumulated and unpaid dividends. The specific redemption date will be announced later. Following this, dividends on the shares will cease, and the rights of shareholders regarding these preferred shares will terminate, except for the right to receive the redemption amount. The preferred shares, rated 'A1' by Moody's, have been traded since July 28, 2003, and yield an annual dividend of $1.40625 per share.

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) has approved fixed monthly cash distributions of $0.05 per share for January, February, and March 2022. The record and payable dates for these distributions have been specified. The Board continues to explore strategic opportunities in the equity market and will assess distribution levels quarterly based on the Fund’s financial health. Since October 1999, monthly distributions have been consistently made, although the current share price trades at a premium to net asset value, raising some sustainability concerns.

The Gabelli Utility Trust (NYSE:GUT) has confirmed its commitment to fixed monthly cash distributions, declaring $0.05 per share for October, November, and December 2021. Record dates for these distributions are October 15, November 15, and December 10, 2021, with payable dates following on October 22, November 22, and December 17, 2021. The Trust, with total net assets of $382 million, continues to explore strategic investment opportunities while noting that its shares are currently trading at a premium to net asset value, which may not be sustainable.

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) has confirmed its ongoing policy of fixed monthly cash distributions, declaring $0.05 per share for July, August, and September 2021. Record and payable dates are also outlined. The trustees are actively exploring strategic opportunities amid favorable market conditions. The Fund has consistently paid monthly distributions since October 1999. However, the shares are trading at a premium to net asset value, which may not be sustainable. Distributions may include capital gains and could affect tax liabilities for investors.

The Gabelli Utility Trust (NYSE:GUT) has successfully completed its transferable rights offering, issuing 7,885,840 common shares and raising gross proceeds of $43,372,120. The offering was over-subscribed, with total subscriptions of approximately $72 million, equating to 167% of available shares. Approximately 64% of shares were subscribed in the primary round, with the rest in over-subscription. New shares will be issued around April 20, 2021, and will qualify for the Fund's May distribution.

The Gabelli Utility Trust (NYSE:GUT) has announced a transferable rights offering for existing common shareholders as of March 11, 2021. Each shareholder will receive one transferable right for each common share held, enabling them to purchase additional shares at a subscription price of $5.50 for every seven rights. The offering will trade on the NYSE starting March 9, 2021, and will expire on April 14, 2021. Proceeds may be used for investments or to redeem preferred stock. However, any shares acquired will not be eligible for upcoming distributions on March 24 and April 23, 2021.

The Gabelli Utility Trust (NYSE:GUT) has reaffirmed its policy of fixed monthly cash distributions, declaring $0.05 per share for April, May, and June 2021. Distributions are set for April 23, May 21, and June 23, 2021. The Board is also exploring strategic investment opportunities in the market. Shareholders should note that the Fund’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. Potential returns of capital may occur if earnings do not cover distributions.

The Gabelli Utility Trust (NYSE:GUT) has reaffirmed its commitment to fixed monthly cash distributions, declaring $0.05 per share for January, February, and March 2021. The record and payable dates for these distributions are set, emphasizing the Fund's consistent payout history since October 1999. The Board is also exploring strategic investment opportunities amid favorable market conditions. However, the shares currently trade at a premium to net asset value, which may not be sustainable. The Fund’s distributions could include returns of capital, affecting shareholders' tax implications.