DividendMay 13, 2026, 09:51 AM
Gabelli Utility Trust Declares $0.05 Monthly Distributions for Q3 2026
AI Summary
The Gabelli Utility Trust's Board of Trustees approved the continuation of its fixed monthly cash distribution policy, declaring $0.05 per share for July, August, and September 2026. The Fund will continue to monitor its distribution level and may pay an adjusting distribution in December. The Board noted that the current premium of shares to net asset value is likely unsustainable, and estimated 2026 distributions include 9% from net investment income, 15% from net capital gains, and 76% as a return of capital on a book basis.
Key Highlights
- Gabelli Utility Trust declared $0.05 per share monthly cash distributions for July, August, and September 2026.
- The Board approved the continuation of its fixed monthly cash distribution policy.
- Estimated 2026 distributions include approximately 9% from net investment income.
- Estimated 2026 distributions include approximately 15% from net capital gains.
- Estimated 2026 distributions include approximately 76% as a return of capital on a book basis.
- The Fund has $338 million in total net assets.
- The Fund has paid a distribution to shareholders every month since October 1999.
Price Impact
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