Gabelli Utility Trust Continues Monthly Distributions for October, November, and December 2022, Payable on October 24, 2022, November 22, 2022 and December 16, 2022 Respectively
August 18, 2022 at 08:40 am EDT
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The Board of Trustees of The Gabelli Utility Trust 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 2022, payable on October 24, 2022, November 22, 2022 and December 16, 2022 respectively and record dates of October 17, 2022, November 15, 2022 and December 9, 2022 respectively.
The Gabelli Utility Trust (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is long term growth of capital and income. The Fund invests at least 80% of its net assets (plus borrowings made for investment purposes), under normal market conditions, in common stocks and other securities of foreign and domestic companies involved in providing products, services, or equipment for the generation or distribution of electricity, gas and water, and telecommunications services or infrastructure operations. Under normal circumstances, the Fund invests in securities of issuers located in countries other than the United States and may invest in such foreign securities without limitation. The Fund's portfolio includes equipment and supplies, transportation, diversified industrial, oil, electronics, environmental services, financial services, automotive and specialty chemicals. The Fund's investment adviser is Gabelli Funds, LLC.
Gabelli Utility Trust Continues Monthly Distributions for October, November, and December 2022, Payable on October 24, 2022, November 22, 2022 and December 16, 2022 Respectively