GUT

Gabelli Utility Trust (The) is a diversified closed-end management investment company that seeks to provide a high level of current income and long-term growth of capital. The fund primarily invests in common stocks of domestic and foreign companies involved in the utilities sector, including electric, gas, water, and telecommunications utilities, as well as companies in related industries such as energy infrastructure and services. Managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., the trust employs a value-oriented investment approach, focusing on companies trading below their intrinsic value. The fund typically maintains a leveraged portfolio structure to enhance returns, utilizing bank borrowings and reverse repurchase agreements. As of recent filings, the trust manages assets exceeding $800 million and maintains a diversified portfolio of approximately 100-150 holdings. The fund pays monthly distributions to shareholders and has maintained a consistent distribution policy since its inception in 1999. GUT's investment strategy emphasizes fundamental research and private market value analysis, targeting regulated utilities and infrastructure companies that benefit from stable cash flows and essential service provision. The trust trades on the New York Stock Exchange under the ticker symbol GUT, typically at either a premium or discount to its net asset value depending on market conditions and investor demand for utility-focused income investments.