GABELLI UTILITY TRUST

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.

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.

Gabelli Utility Trust provided an update on Mario J. Gabelli's health and the implementation of GAMCO Investors, Inc.'s succession plan. Mr. Gabelli, who was hospitalized on March 19, 2026, is improving, though his return timeline is uncertain. In response, GAMCO named Christopher J. Marangi as President on March 22, 2026, and he will co-lead day-to-day operations with Douglas R. Jamieson. The Fund's portfolio management team will be led by Co-Chief Investment Officers Kevin V. Dreyer and Christopher J. Marangi during Mr. Gabelli's absence.