GABELLI UTILIT.TR. DL-001

The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.» Mehr auf seekingalpha.com

GUT's rights offering concluded successfully, issuing 11.6 million shares and raising $58.1 million, though it was undersubscribed with a 76.5% participation rate. The offering was highly accretive, issuing shares at $5 when NAV was $3.09, boosting NAV per share and supporting GUT's high distribution rate. Investors might benefit from the "sell and rebuy" strategy during rights offerings to avoid negative price pressure and potentially acquire shares at lower prices.» Mehr auf seekingalpha.com

RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- November 14, 2024 – 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 $0.05 per share for each of January, February, and March 2025.» Mehr auf globenewswire.com