Gabelli Utility Trust

Gabelli Utility Trust is a closed-end diversified investment management company, which seeks long term growth of capital and income. It invests in companies that provide products, services, or equipment for the generation of electricity, gas, and water. The company was founded on July 9, 1999 and is headquartered in Rye, NY.

Gabelli Utility Trust is an equities closed-end fund. The vehicle has a high premium to NAV and exposure to this defensive asset class.

GUT: Moving From Sell To Hold For This Utilities CEF

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Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

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1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.

Weekly Closed-End Fund Roundup:  February 12, 2023

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17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

Gabelli Utility Trust is a closed-end fund focused on utilities. GUT is now trading at an all-time high premium to NAV of 107%.

There Are CEF Premiums To NAV, And Then There Is GUT At 107%

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21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

Weekly Closed-End Fund Roundup: January 8, 2023

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2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.

Weekly Closed-End Fund Roundup: VFL Tender Results (December 18, 2022)

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22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)

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12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

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We review CEF market valuation and performance through the first week of October and highlight recent market action. The CEF space was up on the week, led by higher-beta sectors.

CEF Weekly Review: Be Careful When Evaluating Long-Term Performance

GUT offers investors a reasonably stable portfolio of high-quality utilities, which is undoubtedly going to be appealing to more conservative investors. The fund is fairly well-diversified, although it does not advertise itself as a global fund.

GUT: This Utility Fund Remains Too Expensive To Recommend

1 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV last week. GUT has completed its rights offering, which was oversubscribed.

Weekly Closed-End Fund Roundup: GUT Rights Offering Results (April 24, 2022)

GUT has a yield of 8.5%. This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with another look at GUT.

Evaluating CEFs: GUT Uses A Rights Offering To Improve NAV

RYE, N.Y.--(BUSINESS WIRE)--The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) is pleased to announce the successful completion of its transferable rights offering (the “Offering” or “Offer”) in which the Fund will issue 9,133,529 common shares, for gross proceeds totaling $50,234,410, assuming the over-subscription privilege is exercised. The Offering was over-subscribed. Pursuant to the Offering, the Fund issued one transferable right (a “Right”) for each common share of the Fund held by share

Gabelli Utility Trust Rights Offering Oversubscribed by $68 Million Raising $50 Million

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Several of the utility/infrastructure funds in the CEF space are pretty popular. The utility and infrastructure space can be a good fit for a CEF portfolio, providing steady income through regular cash flow due to being necessary for everyday life.

Closed-End Funds: A Check On The Utility/Infrastructure Space

Quick Notes On GUT Rights Offering

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) authorized the redemption of all remaining outstanding 5.625% Series A Cumulative Preferred Shares (the “Series A Preferred Shares'). The Series A Preferred Shares will be redeemed at $25.13671875 per share (the “Redemption Price”), which consists of $25.00 per share (the “Liquidation Preference”) plus $0.13671875 per share representing accumulated but unpaid dividends and distributions to the

Gabelli Utility Trust to Redeem Its Outstanding 5.625% Series A Cumulative Preferred Shares

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15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

Weekly Closed-End Fund Roundup: PCF, RIV Rights Offering Results, Guggenheim Mergers Completed (November 14, 2021)

Utilities in general are quite popular investments among retirees given their very high yields and general stability through any economic conditions. GUT invests in a well-diversified global portfolio of utility stocks with the goal of delivering steady growth of income and long-term gains.

GUT: Good Utility Fund But Substantially Overpriced

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Three out of 23 CEF sectors positive on price and six out of 23 sectors positive on NAV last week.

Weekly Closed-End Fund Roundup: Sept. 26, 2021

GUT offers a very attractive 7.32% yield if the distribution can be supported. I continue my series looking into CEFs digging deeper than just the yield.

Evaluating Closed-End Funds: The Price Runup Is Only One Reason To Avoid GUT

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We recently touched on rights offerings and tender offers, and today we'll discuss at-the-market offerings.

At-The-Market Offerings Are A Win-Win

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There are several dates a closed-end fund investor should watch for when a CEF they own start a rights offering. Rights offerings are typically disruptive to the price and a dip in price is typical.

Here Are The Dates You Need To Know For A Rights Offering

GUT's rights offering was oversubscribed. High premium enabled NAV accretion, which is a win-win for shareholders and managers.

GUT: Quick Note On The Rights Offering Results

RYE, N.Y.--(BUSINESS WIRE)--The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) is pleased to announce the successful completion of its transferable rights offering (the “Offering” or “Offer”) in which the Fund will issue 7,885,840 common shares, for gross proceeds totaling $43,372,120. The Offering was over-subscribed. Pursuant to the Offering, the Fund issued one transferable right (a “Right”) for each common share of the Fund held by shareholders of record as of March 11, 2021 (“record date sh

Gabelli Utility Trust Rights Offering Oversubscribed Raising $43 Million

News for Gabelli Utility Trust ETF (GUT)