Gabelli Utility Trust declares $0.05 monthly distributions for October through December 2026

The Gabelli Utility Trust said its Board of Trustees approved the continuation of the fund’s fixed monthly cash distribution policy and declared distributions of $0.05 per share for October, November and December 2026. The payments are scheduled for Oct. 23, Nov. 20 and Dec. 18, with record dates of Oct. 16, Nov. 13 and Dec. 11, respectively. The fund said the board reviews distributions each quarter based on income, realized capital gains and available capital, and may make an adjusting distribution in December to meet Internal Revenue Code requirements for regulated investment companies. The trust, a closed-end fund, said it has paid shareholders every month since October 1999. It also cautioned that its shares are trading at a premium to net asset value and that the board does not believe that premium is likely to be sustainable. Based on current 2026 accounting records, the fund estimated that each distribution this year would consist of about 12% net investment income, 44% net capital gains and 44% return of capital on a book basis, though it said the final tax characterization will be determined after year-end. The Gabelli Utility Trust had $323 million in total net assets and is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.

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Gabelli Utility Trust declares $0.05 monthly distributions for October through December 2026 - CoinPost Terminal