Gabelli Utility Trust Maintains Steady Monthly Shareholder Distributions

RYE, N.Y. - Shareholders of The Gabelli Utility Trust GUT have a reason to continue their patronage as the Fund's Board of Trustees announces a steadfast policy regarding monthly cash distributions. This decision will secure ongoing returns for investors through a set monthly dispensation. The Board confirmed the distribution of $0.05 per share, demonstrating the Fund's consistent performance and commitment to providing value to its shareholders.

Understanding the Distribution Plan

The Gabelli Utility Trust's policy is explicitly designed to reward its investors with fixed monthly cash distributions. As a closed-end fund managed by GAMCO Investors GAMI, The Gabelli Utility Trust focuses on investing in utility operations, seeking long-term capital appreciation and income. With the Board's latest declaration, shareholders are set to receive cash distributions of $0.05 per share going forward.

Fund Performance and Investor Outlook

The announcement from the Board of Trustees is a testament to GUT's robust financial health and its ability to maintain a regular distribution amid dynamic market conditions. This move reflects positively on the Fund's performance and the management's confidence in sustaining these payments. Investors holding the preferred shares GUT-P-C should view this update as a reassurance of ongoing distributions and potential gains.

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