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

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The Gabelli Utility Trust (NYSE: GUT) announced the continuation of its fixed monthly cash distributions of $0.05 per share for July, August, and September 2024. While the Fund has a consistent history of monthly distributions since 1999, the Board of Trustees noted that the shares are currently trading at a premium to net asset value, which may not be sustainable. Approximately 99% of the 2024 distributions are expected to be a return of capital.

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