Gabelli Utility Trust

Gabelli Utility Trust is a closed-end diversified investment management company, which seeks long term growth of capital and income. It invests in companies that provide products, services, or equipment for the generation of electricity, gas, and water. The company was founded on July 9, 1999 and is headquartered in Rye, NY.

GAMCO Investors Inc

RYE, N.Y., Sept. 06, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) has authorized an exchange offer (the “Offer”) for all of the Fund's outstanding Series B Auction Market Preferred Shares (the “Series B Preferred Shares”).

Gabelli Utility Trust to Commence Exchange Offer For Series B Auction Market Preferred Shares

Gabelli Multimedia Trust

SPDR S&P 500 ETF Trust

In 2018, we warned about premium valuations in equity CEFs before a correction and bear market occurred. We believe that the current wide discounts in many CEFs are due to institutional shareholders reducing or liquidating their exposure. The presence of ultra high premium valued funds suggests the presence of "dumb money" in CEFs and potentially in the broader markets.

Equity CEFs: Peak Insanity, Version 2023

RYE, N.Y., Aug. 25, 2023 (GLOBE NEWSWIRE) -- 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 October, November, and December 2023.

Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share

Duff & Phelps Global Utility Income Fund Inc

It's been a rough year for utility stocks and utility focused CEFs as interest rates have moved up making their high dividend yields less attractive. So despite a bull market in just about everything this year, the SPDR Utility ETF (XLU) is actually down -3.5% YTD and -6.6% over the last year. Now utilities can mean a lot more than just generating, storing or transmitting electricity, particularly if you throw in infrastructure stocks like pipelines, natural gas, water, alternative energy, etc.

Equity CEFs: So DPG Cuts, But GUT Won't Have To?

The Gabelli Utility Trust (GUT) fund is trading at a 113% premium to its net asset value (NAV), despite only delivering a 6.7% average annual return over 10 years. The fund is liquidating its NAV to maintain an unsustainable 18.5% distribution yield, making a future distribution cut almost certain. Investors are advised to consider alternative utility-focused closed-end funds, such as the Cohen & Steers Infrastructure Fund, which offers a more sustainable 8.0% distribution yield.

GUT: Pay A Dollar For 50 Cents

AGNC Investment

Oxford Lane Capital

If retirement gets any better than monthly dividend payers then, well, I don't want to know about it.

3 Monthly Dividend Stocks Yielding Up To 19.5%

Bancroft Fund Ltd

Center Coast Brookfield MLP & Energy Infrastructure Fund

ClearBridge Energy MLP Total Return Fund Inc

Destra Multi-Alternative Fund

Western Asset Mortgage Opportunity Fund

DNP Select Income Fund Inc

Blackrock ESG Capital Allocation Trust

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eaton Vance Enhanced Equity Income Fund II

Aberdeen Global Income Fund

First Trust Dynamic Europe Equity Income Fund

FS Credit Opportunities Corp

GDL Fund

Guggenheim Strategic Opportunities Fund

Highland Income Fund

Highland Global Credit Allocation Fund.

Voya Global Advantage and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund

CBRE Global Real Estate Income Fund

Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

Pimco Global Stockplus & Income Fund

What could go wrong with a fund near an all-time high 105% market price premium combined with a near all-time low NAV? Shareholders of the Gabelli Utility Trust may think they own a safe utility stock fund offering a very attractive 8.4% current market yield, but that couldn't be further from the truth.

Potentially The Greatest Swap Idea In CEF History: Sell GUT, Buy PGP

Gabelli Utility Trust is an equities closed-end fund. The vehicle has a high premium to NAV and exposure to this defensive asset class.

GUT: Moving From Sell To Hold For This Utilities CEF

BlackRock Science and Technology Trust II

Herzfeld Caribbean Basin Fund Inc

Ellsworth Growth and Income Fund

Stone Harbor Emerging Markets Total Income Fund

Eagle Point Income Company Inc

Eaton Vance National Municipal Opportunities Trust

Gabelli Equity Trust

Gabelli Convertible and Income Securities Fund

Aberdeen Australia Equity Fund Inc

Virtus AllianzGI Convertible & Income Fund

Pimco Municipal Income Fund

Cushing MLP & Infrastructure Total Return Fund

Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

YieldShares High Income ETF

Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed.

Weekly Closed-End Fund Roundup: March 12, 2023

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Energy and Resources Trust

Blackrock Investment Quality Municipal Trust

Blackrock Long-Term Municipal Advantage Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Eagle Capital Growth Fund Inc

Ivy High Income Opportunities Fund

KKR Income Opportunities Fund

Dreyfus Strategic Municipals Inc

Macquarie Global Infrastructure Total Return Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Neuberger Berman MLP Income Fund, Inc.

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Dynamic Income Opportunities Fund

RENN Fund

1 out of 22 CEF sectors positive on price and 0 out of 22 sectors positive on NAV last week. Senior loans lead while real estate lags.

Weekly Closed-End Fund Roundup:  February 12, 2023

Virtus AllianzGI Diversified Income & Convertible Fund

BlackRock Science & Technology

Calamos Global Total Return Fund

Cornerstone Strategic Value Fund Inc

Western Asset Global Corp Defined Opportunity Fund Inc

Nuveen Mortgage Opportunity Term Fund

Nuveen Dynamic Municipal Opportunities Fund

17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

Gabelli Utility Trust is a closed-end fund focused on utilities. GUT is now trading at an all-time high premium to NAV of 107%.

There Are CEF Premiums To NAV, And Then There Is GUT At 107%

DoubleLine Income Solutions Fund

First Trust / Aberdeen Emerging Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund

Nuveen Core Equity Alpha Fund

Nuveen California Select Tax-Free Income Portfolio

Pimco California Municipal Income Fund II

PCM Fund

PIMCO Corporate & Income Strategy Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund II

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

Weekly Closed-End Fund Roundup: January 8, 2023

BlackRock Resources & Commodities Strategy Trust

Doubleline Opportunistic Credit Fund

Dreyfus Municipal Bond Infrastructure Fund

Gabelli Healthcare & Wellness Trust

OFS Credit Company Inc

2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.

Weekly Closed-End Fund Roundup: VFL Tender Results (December 18, 2022)

First Trust Specialty Finance and Financial Opportunities Fund

Clough Global Dividend and Income Fund

Nuveen Massachusetts Quality Municipal Income Fund

Nuveen New York Select Tax-Free Income Portfolio

Putnam Municipal Opportunities Trust

Pimco California Municipal Income Fund III

Nuveen NASDAQ 100 Dynamic Overwrite Fund

RiverNorth Opportunities Fund, Inc.

Cohen & Steers Real Estate Opportunities and Income Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

TCW Strategic Income Fund

Delaware Investments

22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)

Blackrock Health Sciences Trust

Cornerstone Total Return Fund Inc

Eaton Vance Enhanced Equity Income Fund

John Hancock Preferred Income Fund II

John Hancock Preferred Income Fund

New American High Income Fund

BlackRock Corporate High Yield Fund

John Hancock Investors Trust

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

AllianceBernstein Global High Income Fund Inc

Angel Oak Financial Strategies Income Term Trust

SPDR Bloomberg High Yield Bond ETF

We review CEF market valuation and performance through the first week of October and highlight recent market action. The CEF space was up on the week, led by higher-beta sectors.

CEF Weekly Review: Be Careful When Evaluating Long-Term Performance

GUT offers investors a reasonably stable portfolio of high-quality utilities, which is undoubtedly going to be appealing to more conservative investors. The fund is fairly well-diversified, although it does not advertise itself as a global fund.

GUT: This Utility Fund Remains Too Expensive To Recommend

1 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV last week. GUT has completed its rights offering, which was oversubscribed.

Weekly Closed-End Fund Roundup: GUT Rights Offering Results (April 24, 2022)

GUT has a yield of 8.5%. This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with another look at GUT.

Evaluating CEFs: GUT Uses A Rights Offering To Improve NAV

RYE, N.Y.--(BUSINESS WIRE)--The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) is pleased to announce the successful completion of its transferable rights offering (the “Offering” or “Offer”) in which the Fund will issue 9,133,529 common shares, for gross proceeds totaling $50,234,410, assuming the over-subscription privilege is exercised. The Offering was over-subscribed. Pursuant to the Offering, the Fund issued one transferable right (a “Right”) for each common share of the Fund held by share

Gabelli Utility Trust Rights Offering Oversubscribed by $68 Million Raising $50 Million

Gabelli Global Utility & Income Trust

MainStay CBRE Global Infrastructure Megatrends Fund

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

Cohen & Steers Infrastructure Fund Inc

Reaves Utility Income Fund

Utilities Select Sector SPDR Fund

Several of the utility/infrastructure funds in the CEF space are pretty popular. The utility and infrastructure space can be a good fit for a CEF portfolio, providing steady income through regular cash flow due to being necessary for everyday life.

Closed-End Funds: A Check On The Utility/Infrastructure Space

Quick Notes On GUT Rights Offering

RYE, N.Y.--(BUSINESS WIRE)--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. SUMMARY OF THE TERMS OF THE OFFERING Each shareholde

Gabelli Utility Trust Announces Rights Offering for Common Shares Record Date and Summary of Terms

News for Gabelli Utility Trust ETF (GUT)