GBL - GBL STOCK NEWS

The Gabelli Utility Trust (NYSE:GUT) announced the redemption of all outstanding 5.625% Series A Cumulative Preferred Shares, effective January 31, 2022. The shares will be redeemed at $25.13671875 each, which includes the liquidation preference of $25.00 plus $0.13671875 in unpaid dividends. Post-redemption, these shares will cease to be outstanding, and dividends will no longer accumulate. The shares, rated 'A1' by Moody's, will be redeemed through the Depository Trust Company, with Computershare Trust Company acting as the paying agent. The Gabelli Utility Trust focuses on long-term capital and income growth through investments in utility companies.

The Gabelli Healthcare & Wellness Trust (NYSE:GRX) announced a total distribution of $0.96 per share for 2021, comprising $0.60 previously paid and an additional $0.36 per share. This distribution, payable on January 6, 2022, helps meet the Internal Revenue Code's minimum distribution requirements and avoids federal excise tax. For tax purposes, the distributions may be treated as long-term capital gains, and shareholders will receive detailed tax information for 2021 in early 2022.

The Fund manages approximately $341 million in assets.

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) announced total distributions for 2021 amounting to $1.04 per share, which includes a $0.40 additional distribution payable on January 6, 2022. This move aims to meet minimum distribution requirements to avoid Federal excise tax. For tax purposes, the distribution consists of approximately 13% from net investment income and 87% from net capital gains. Shareholders will receive details about the distribution components via Form 1099-DIV in early 2022.

The Gabelli Convertible and Income Securities Fund Inc. (NYSE:GCV) announced total distributions for 2021 of $0.56 per share, comprising $0.53 previously paid and an additional $0.03 per share. This distribution is payable on January 6, 2022, to shareholders of record as of December 30, 2021. The additional payment helps meet minimum distribution requirements under the Internal Revenue Code, avoiding Federal excise tax. Of the total distribution, approximately 2% comes from net investment income and 98% from net capital gains.

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) has announced total distributions for 2021 amounting to $1.38 per share. This includes $1.32 previously paid and an additional $0.06 per share, payable on January 6, 2022 to shareholders of record as of December 30, 2021. The extra cash distribution is to meet minimum distribution requirements and avoid Federal excise tax. Approximately 15% of the distributions will be from net investment income and 85% from net capital gains.

The Gabelli Equity Trust (NYSE:GAB) has announced the initial closing of a private placement for its 4.25% Series M Cumulative Preferred Stock. The proceeds will be used to redeem the Fund's 5.45% Series J Preferred Stock. The Series M Preferred is set to begin quarterly distributions on March 26, 2022, and it has a liquidation preference of $100 per share, with a non-callable period until March 26, 2027. Gabelli Equity Trust, managed by Gabelli Funds, LLC, has total net assets of $2.2 billion, focusing on long-term capital growth.

The Gabelli Equity Trust (NYSE: GAB) has announced the redemption of all Series J Cumulative Preferred Stock, effective January 31, 2022. The redemption price is $25.132465 per share, which includes accumulated dividends. After the redemption date, the Series J Preferred shares will no longer be outstanding, and dividends will cease to accumulate. The shares, rated 'A1' by Moody's, have an annual dividend rate of $1.3625 and were originally issued at $25.00 per share. Payments will be handled by Computershare Trust Company as the paying agent.

GAMCO Investors (NYSE: GBL) has created a pool of over $13 million for registered shareholders to make charitable contributions. This initiative follows a $0.50 per share shareholder designated charitable contribution (SDCC) announcement, increasing total contributions to over $100 million since 2013. Shareholders must register their shares in their name by December 21, 2021, to participate. GAMCO will distribute contribution forms to registered shareholders after this date, with completed forms due by January 21, 2022. Charities must be recognized 501(c)(3) organizations.

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) has approved the redemption of all outstanding 5.25% Series G Cumulative Preferred Shares, with a redemption price of $25.00 per share plus any accumulated unpaid dividends. The exact redemption date will be disclosed later. As of the redemption date, these shares will no longer be outstanding, and dividends will cease to accumulate. The Series G Preferred Shares, rated 'Aa3' by Moody's, were issued on July 1, 2016 and provide a quarterly dividend of $1.3125.