GUT News and Press, Gabelli Utility Trust From 07/18/22

When it comes to high-yield closed-end funds (CEFs), I’m a big fan of the “three Ds”: discounts, diversification and—of course—dividends! These days, a “3-D” portfolio is a snap to put together, with CEF dividends at multi-year highs and ...

We previously discussed Buffett's explanation for why smart people go broke. We then made the connection to why we generally don't buy CEFs. However, this does not mean that investors should never buy any CEFs under any circumstances. Back in March, we wrote : ...

In a major setback to President Biden's climate change agenda, the U.S. Supreme Court ruled Thursday that the Environmental Protection Agency does not have the authority to set standards on greenhouse gas emissions for existing power plants under the Clean Air Act. The 6-3 major...

Patience is the key to being a successful contrarian investor. We buy when fear is widespread. Bear markets are our friends. Let’s sit back and let the market’s valuations come down to us. I wrote very recently that the market is this close to sending out a m...

1 out of 23 CEF sectors positive on price and 0 out of 23 sectors positive on NAV last week. Volatility brings CEF rotation opportunities. Examples of three (non-portfolio) swaps. For further details see: Weekly Closed-End Fund Roundup: Volatility Brings CEF Rotation Opp...

Preferred stocks issued by CEFs remain an overlooked sector by income investors. This sector has been supported by a number of themes, allowing it to outperform the broader preferreds space. We highlight a number of attractively-valued preferred securities issued by CEFs. Fo...

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. Sidestepping the offering was once again the optimal strategy. For further details see: Weekly Closed-End Fund Ro...

We had another down week nearly across all asset classes with the markets shedding nearly 3% and the Nasdaq nearly 4%. Fixed income was also down. Nothing worked. Yields were up again with the 10-year touching 2.95% on the week but finishing at 2.90%. Oil was down $5 to $101/bl and th...

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. The recent rights offering was a good opportunity to add shares at a good price, and good for the fund in general. ...

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 ...