Gabelli Utility Trust Continues Monthly Distributions for July, August, and September 2022, Payable on July 22, 2022, August 24, 2022 and September 23, 2022 Respectively
May 13, 2022 at 01:40 pm
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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 July, August, and September 2022, payable on July 22, 2022, August 24, 2022 and September 23, 2022 respectively and record dates of July 15, 2022, August 17, 2022 and September 16, 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 July, August, and September 2022, Payable on July 22, 2022, August 24, 2022 and September 23, 2022 Respectively