GUT News and Press, Gabelli Utility Trust From 06/30/23

2023-06-30 05:00:24 ET If retirement gets any better than monthly dividend payers then, well, I don’t want to know about it. Seriously. I’m a simple guy! Pay me every 30 days and I’ll smile and shut up. And I’ll grin even wider when my monthly dividen...

2023-06-22 14:39:27 ET Summary If you go strictly on valuations, what's happening right now is one of the most ridiculous examples of CEF irregularities that I have ever seen. The highly-regarded Duff & Phelps Utility & Infrastructure fund cut its quarterly distribution la...

2023-06-16 12:03:32 ET Summary ASGI, a non-leveraged infrastructure CEF, benefits from a heavy weighting towards industrials. The fund's large discount and attractive distribution yield of 8.44% make it an appealing option for income investors. Despite declines in utilities an...

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5522b78-cf88-4830-b150-38763f653351 RYE, N.Y., June 02, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is pleased to present an entertaining and educational video tracing the incredible gro...

2023-04-30 01:44:27 ET Summary Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022. Volatility has been coming down in ...

2023-04-19 09:40:07 ET Summary It wasn't that many years ago that I was the Cornerstone fund's biggest detractor, writing negative articles as far back as 2012. That was at a time when the Cornerstone funds traded at market price premiums ranging from as high as 80%, even while th...

2023-04-04 11:48:38 ET Summary What could go wrong with a fund near an all-time high 105% market price premium combined with a near all-time low NAV? Shareholders of the Gabelli Utility Trust may think they own a safe utility stock fund offering a very attractive 8.4% current mark...

2023-04-02 21:24:23 ET Summary Gabelli Utility Trust is an equities closed-end fund. The vehicle has a high premium to NAV and exposure to this defensive asset class. The vehicle is down over -6% since our original Sell rating. With the market pivoting yet again to defensi...

2023-03-21 10:23:55 ET Summary 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. New: adding tables of highest yielding, cheapest and most expensive funds from our screener to the Weekly Roundup....

2023-03-06 10:31:11 ET Summary The Cornerstone funds (CLM) and (CRF) tend to trade at some of the highest market price premiums of all CEFs, generally from +10% to as high as +60% historically. The reasons for the premium valuations have to do with their incredibly high market yie...