|Bid||26.30 x 800|
|Ask||26.36 x 1200|
|Day's Range||26.36 - 26.36|
|52 Week Range||25.33 - 26.83|
|Beta (5Y Monthly)||0.73|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.34 (5.12%)|
|Ex-Dividend Date||Jun 18, 2021|
|1y Target Est||N/A|
RYE, N.Y., August 19, 2021--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 October, November, and December 2021.
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 $43,372,120.
The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the "Fund") has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acquire additional common shares (the "Offering"). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.