Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
The Gabelli Utility Trust (NYSE:GUT) has announced the continuation of its monthly cash distribution policy. The Board of Trustees has declared $0.05 per share distributions for October, November, and December 2024. The Fund has consistently paid monthly distributions since October 1999.
Key points:
- The Board is evaluating strategic opportunities in the current market environment
- The Fund's shares are trading at a premium to net asset value, which may not be sustainable
- Distributions may include long-term capital gains and qualified dividend income
- Approximately 8% of 2024 distributions are from net investment income, while 92% are deemed return of capital
The Fund's distribution policy is subject to modification, and shareholders should consider tax implications and consult financial advisors for personalized advice.
Il Gabelli Utility Trust (NYSE:GUT) ha annunciato il proseguimento della sua politica di distribuzione mensile in contante. Il Consiglio di Amministrazione ha dichiarato $0,05 per azione di distribuzioni per ottobre, novembre e dicembre 2024. Il Fondo ha costantemente pagato distribuzioni mensili da ottobre 1999.
Punti chiave:
- Il Consiglio sta valutando opportunità strategiche nell'attuale contesto di mercato
- Le azioni del Fondo stanno scambiando a un premio rispetto al valore netto degli attivi, il che potrebbe non essere sostenibile
- Le distribuzioni possono includere guadagni in conto capitale a lungo termine e redditi da dividendi qualificati
- Circa l'8% delle distribuzioni del 2024 proviene da reddito da investimenti netti, mentre il 92% è considerato restituzione di capitale
La politica di distribuzione del Fondo è soggetta a modifiche, e gli azionisti dovrebbero considerare le implicazioni fiscali e consultare consulenti finanziari per consigli personalizzati.
El Gabelli Utility Trust (NYSE:GUT) ha anunciado la continuación de su política de distribución mensual en efectivo. La Junta de Fideicomisarios ha declarado $0.05 por acción de distribuciones para octubre, noviembre y diciembre de 2024. El Fondo ha pagado consistentemente distribuciones mensuales desde octubre de 1999.
Puntos clave:
- La Junta está evaluando oportunidades estratégicas en el actual entorno de mercado
- Las acciones del Fondo se están negociando a una prima sobre el valor neto de los activos, lo que puede no ser sostenible
- Las distribuciones pueden incluir ganancias de capital a largo plazo e ingresos por dividendos calificados
- Aproximadamente el 8% de las distribuciones de 2024 provienen de ingresos por inversiones netas, mientras que el 92% se considera devolución de capital
La política de distribución del Fondo está sujeta a modificaciones, y los accionistas deben considerar las implicaciones fiscales y consultar a asesores financieros para obtener consejos personalizados.
가벨리 유틸리티 트러스트 (NYSE:GUT)는 월간 현금 배포 정책의 지속을 발표했습니다. 이사회는 2024년 10월, 11월 및 12월에 대한 주당 $0.05 배포를 선언했습니다. 이 펀드는 1999년 10월 이래로 지속적으로 월간 배포를 해왔습니다.
주요 사항:
- 이사회는 현재 시장 환경에서 전략적 기회를 평가하고 있습니다
- 펀드의 주식은 순자산가치에 비해 프리미엄으로 거래되고 있으며, 이는 지속 가능하지 않을 수 있습니다
- 배포에는 장기 자본 이득 및 자격 있는 배당 소득이 포함될 수 있습니다
- 2024년 배포 중 약 8%는 순 투자 수익에서 발생하였으며, 92%는 자본 반환으로 간주됩니다
펀드의 배포 정책은 수정될 수 있으며, 주주는 세금 영향을 고려하고 개인 맞춤형 조언을 위해 재정 상담사와 상담해야 합니다.
Le Gabelli Utility Trust (NYSE:GUT) a annoncé la poursuite de sa politique de distribution mensuelle en espèces. Le conseil d'administration a déclaré des distributions de 0,05 $ par action pour octobre, novembre et décembre 2024. Le fonds a régulièrement versé des distributions mensuelles depuis octobre 1999.
Points clés :
- Le conseil évalue des opportunités stratégiques dans l'environnement de marché actuel
- Les actions du fonds se négocient à une prime par rapport à la valeur nette des actifs, ce qui pourrait ne pas être durable
- Les distributions peuvent inclure des gains en capital à long terme et des revenus de dividendes qualifiés
- Environ 8 % des distributions de 2024 proviennent de revenus nets d'investissement, tandis que 92 % sont considérés comme un retour de capital
La politique de distribution du fonds est susceptible d'être modifiée, et les actionnaires doivent considérer les implications fiscales et consulter des conseillers financiers pour obtenir des conseils personnalisés.
Der Gabelli Utility Trust (NYSE:GUT) hat die Fortsetzung seiner monatlichen Barausschüttungspolitik bekannt gegeben. Der Verwaltungsrat hat Ausschüttungen in Höhe von 0,05 $ pro Aktie für Oktober, November und Dezember 2024 erklärt. Der Fonds hat seit Oktober 1999 regelmäßig monatliche Ausschüttungen gezahlt.
Wichtige Punkte:
- Der Verwaltungsrat prüft strategische Möglichkeiten im aktuellen Marktumfeld
- Die Anteile des Fonds werden über dem Nettovermögen gehandelt, was möglicherweise nicht nachhaltig ist
- Ausschüttungen können langfristige Kapitalgewinne und qualifizierte Dividendeneinnahmen umfassen
- Ungefähr 8% der Ausschüttungen im Jahr 2024 stammen aus Nettoanlageerträgen, während 92% als Rückzahlung von Kapital gelten
Die Ausschüttungspolitik des Fonds kann geändert werden, und die Aktionäre sollten die steuerlichen Auswirkungen in Betracht ziehen und Finanzberater für individuelle Ratschläge konsultieren.
- Consistent monthly distributions of $0.05 per share
- Board evaluating strategic opportunities in current market environment
- Shares trading at a premium to net asset value
- Premium to net asset value may not be sustainable
- 92% of 2024 distributions deemed return of capital, potentially reducing shareholder cost basis
- 3.8% Medicare surcharge on 'net investment income' for certain U.S. shareholders
Insights
The Gabelli Utility Trust's (GUT) announcement of continued monthly distributions of
- The fund is trading at a premium to its net asset value (NAV), which the Board acknowledges may not be sustainable.
- Only
8% of distributions come from net investment income, with92% deemed as return of capital. This suggests the fund may be struggling to generate sufficient earnings to cover distributions. - The high return of capital component could lead to tax implications and potential erosion of investor capital over time.
Investors should carefully evaluate the fund's performance, premium to NAV and distribution sustainability before making investment decisions.
RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of
| Distribution Month | Record Date | Payable Date | Distribution Per Share | |
| October | October 17, 2024 | October 24, 2024 | ||
| November | November 14, 2024 | November 21, 2024 | ||
| December | December 13, 2024 | December 20, 2024 | ||
Additionally, the Board of Directors continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment to invest in the broader equity markets.
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. The Gabelli Utility Trust has paid a distribution to shareholders every month since October 1999.
The Fund’s shares are currently trading at a premium to net asset value. The Board of Trustees believes that the premium at which the Fund shares trade relative to net asset value is not likely to be sustainable. Shareholders participating in the Fund’s dividend reinvestment plan should note that at the current market price, the reinvestment of distributions occurs at a premium to net asset value.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2024 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
David Schachter
(914) 921-5057
About The Gabelli Utility Trust
The Gabelli Utility Trust is a diversified, closed-end management investment company with
NYSE – GUT
CUSIP – 36240A101
Investor Relations Contact:
David Schachter
(914} 921-5057
dschachter@gabelli.com
FAQ
What is the monthly distribution amount for Gabelli Utility Trust (GUT) in Q4 2024?
How long has Gabelli Utility Trust (GUT) been paying monthly distributions?
What percentage of Gabelli Utility Trust's (GUT) 2024 distributions are considered return of capital?
Are Gabelli Utility Trust (GUT) shares currently trading at a premium or discount to NAV?
