GUT News and Press, Gabelli Utility Trust From 04/20/22

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 ...

Utility stocks normally suffer when bond yields are rising, which typically occurs when the economy is strengthening, but the current round of higher yields has helped utility shares, and Barron's believes their run-up is not over. Today's higher yields are a result of the Fed trying to slow ...

In a "game changer for New York's transition away from fossil fuels," state regulators approved on Thursday a $4.5B project by Canadian public utility Hydro-Quebec to supply hydropower to New York City, with construction expected to begin this summer and completion scheduled for 2025. New Yor...

Warren Buffett once listed the only 3 ways that a smart person can go broke. We zero in on one of those reasons to explain why it is so dangerous for investors. We then make the connection to why we don't buy CEFs. For further details see: Buffett Warns Of How Smart Peop...

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. We will be looking at a review o...

GUT conducts a rights offering. This offering should be accretive, barring a massive collapse in the share price. My suggested strategy for investors. For further details see: Quick Notes On GUT Rights Offering

Four out of 24 CEF sectors positive on price and three out of 24 sectors positive on NAV last two weeks. SPE has an upcoming tender offer. GUT has a rights offering coming up. JPT tender offer and FTF rights offering completed. For further details see: Weekly Closed-...

This is one way closed-end funds can grow their total share count, contrary to the "closed" part of their structure. When utilizing a dividend reinvestment plan or DRIP, it is generally a win-win-win scenario for all involved. Many DRIPs are implemented in the same manner, with th...

GAB is now over an 18.5% premium, a significant leap higher from our previous update. This premium seems unsustainable, but Gabelli is no stranger to "unsustainable" premiums. USA and ADX could be better alternatives while waiting for GAB to come back down to reality. For fu...

The Environmental Protection Agency said it will resume enforcement of a rule that limits emissions of mercury, lead and other toxic pollutants from coal-fired and oil-fired power plants. The EPA action would restore a 2012 rule imposed during the Obama administration that was withdrawn in 20...