GUT News and Press, Gabelli Utility Trust From 05/10/21

Nineteen out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. MLPs lead while munis lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: May 2, 2021

FT's discount still remains wide for a hybrid utilities/bond fund. It may be an attractive choice for the relatively conservative investor. FT has a discount of -12.46% and an annual yield of 4.92%, paid monthly. For further details see: A Pocket Of Value Left In Frankli...

GUT's rights offering was oversubscribed. High premium enabled NAV accretion, which is a win-win for shareholders and managers. We show how an investor could have taken advantage of the offering to gain +27% free shares of GUT. For further details see: GUT: Quick Note On...

22 out of 23 CEF sectors positive on price and 20 out of 23 sectors positive on NAV last week. Commodities lead while senior loans lag. A small distribution boost from NMZ, a Taxable Income portfolio holding. For further details see: Weekly Closed-End Fund Roundup: April...

Nineteen out of 23 CEF sectors are positive on price and 21 out of 23 sectors positive on NAV last week. THW rights offering concludes and was undersubscribed. GUT's and CLM/CRF's rights offerings commentary. IRR will liquidate in another Saba victory, while IID was successful...

President Biden this week will pledge to cut U.S. greenhouse gas emissions at least in half by 2030, the Washington Post reports, as he convenes a virtual summit of world leaders Thursday aimed at re-establishing the U.S. as a leader in the effort to fight climate change.The expected pledge w...

The U.S. power industry would comply with a proposed requirement that it eliminate carbon emissions by 2035, but it must be allowed flexibility on how to achieve the goal and the ability to miss compliance deadlines that prove unrealistic, says the Edison Electric Institute lobby group.The in...

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 ...

Gabelli Utility Trust (GUT) had declared $0.05/share monthly dividend, in line with previous.Payable April 23; for shareholders of record April 16; ex-div April 15.Additionally, declared $0.05/share monthly dividend for the month of May and June.Payable May 21; for shareholders of record...

Global stocks rose in the first quarter, but volatile trading patterns reminded investors that the road to normal will be bumpy. Solid market gains masked rapidly changing market conditions. Perhaps the biggest overriding risk that surfaced in early 2021 is the power of a sentimen...