|Bid||0.00 x 1000|
|Ask||0.00 x 1100|
|Day's Range||7.12 - 7.90|
|52 Week Range||4.50 - 8.29|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.60 (7.43%)|
|Ex-Dividend Date||Mar 16, 2021|
|1y Target Est||N/A|
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.
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 April, May, and June 2021.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Gabelli Utility Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review held on 13 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.