GlobeNewswire·Nov 11, 2026, 10:50 AM ET

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

The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) approved the continuation of its fixed monthly cash distribution policy.
A cash distribution of $0.05 per share is declared for each of January, February, & March 2027.
The Fund's shares are currently trading at a premium to net asset value, a level the Board believes is not likely to be sustainable.
Shareholders in the dividend reinvestment plan will have distributions reinvested at a premium to net asset value based on current market prices.
Distributions may be treated as long-term capital gain or qualified dividend income, subject to a maximum 20% federal tax rate, plus a potential 3.8% Medicare surcharge for certain high-income shareholders.
If earnings are insufficient, excess distributions are deemed a return of capital, which is generally not taxable & reduces the shareholder's cost basis.
Estimated 2026 distribution components include approximately 11% net investment income, 58% net capital gains, & 31% return of capital on a book basis.
Final tax reporting details for 2026 distributions will be provided via Form 1099-DIV in early 2027.
The Fund is a closed-end management investment company with $312 million in total net assets managed by Gabelli Funds, LLC.
The distribution policy is subject to modification by the Board of Trustees at any time with no guarantee of continuation.