DividendAug 12, 2026, 09:41 AM
Gabelli Utility Trust Declares $0.05 Monthly Distributions
AI Summary
The Board of Trustees of The Gabelli Utility Trust approved the continuation of its policy of paying fixed monthly cash distributions. The Fund declared cash distributions of $0.05 per share for each of October, November, and December 2026. The Board will continue to monitor the distribution level, noting that the Fund's shares are currently trading at a premium to net asset value, which the Board believes is not likely to be sustainable. Based on current accounting records, estimated 2026 distributions include 12% from net investment income, 44% from net capital gains, and 44% deemed a return of capital.
Key Highlights
- Board approved continuation of fixed monthly cash distributions.
- Declared cash distributions of $0.05 per share for October, November, and December 2026.
- Fund has paid a distribution to shareholders every month since October 1999.
- Estimated 2026 distributions include 12% from net investment income.
- Estimated 2026 distributions include 44% from net capital gains.
- Estimated 2026 distributions include 44% deemed a return of capital on a book basis.
- The Gabelli Utility Trust has $323 million in total net assets.
Price Impact
More from GUT