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Gabelli Utility Trust, Inc., 5.625% Series A Cumulative Preferred Shares
Ticker Symbol: GUT-A* CUSIP: 36240A200 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/31/2022
Security has been Called for: Monday, January 31, 2022
December 31/2021 --The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) authorized the redemption of all remaining outstanding 5.625% Series A Cumulative Preferred Shares (the “Series A Preferred Shares’). The Series A Preferred Shares will be redeemed at $25.13671875 per share (the “Redemption Price”), which consists of $25.00 per share (the “Liquidation Preference”) plus $0.13671875 per share representing accumulated but unpaid dividends and distributions to the redemption date of January 31, 2022 (the “Redemption Date”).
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Gabelli Utility Trust Inc., 5.625% Series A Cumulative Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 7/31/2008 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 5.625% ($1.40625) per annum are paid quarterly on 3/26, 6/26, 9/26 & 12/26 to holders of record on the fifth business day prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by closed-end funds can be 0% to 100% eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and can also be 0% to 100% eligible for the dividends received deduction for corporate holders (see the Taxation section of the prospectus for further information). In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GUT)
IPO - 7/30/2003 - 1.20 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Market Value $30.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: One Corporate Center, Rye, NY 10580 |
Main Phone Number |
914-921-5100 |
Fax Number |
914-921-5392 |
Shareholder Services
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800-336-6983
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Toll Free Phone Number |
800-422-3554 |
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