The Gabelli Utility Trust (NYSE:GUT) is a closed‐end management investment company organized as a Massachusetts business trust. It seeks to provide a high level of total return by investing primarily in equity and fixed‐income securities issued by companies in the utilities sector. Under its normal investment policy, the trust allocates at least 80% of its net assets to common stocks, convertible securities, preferred stocks and warrants of utility companies.
GUT’s portfolio is focused on regulated electric, gas and water utilities, as well as companies providing ancillary services to the utility industry. The trust selects its holdings based on fundamental bottom‐up analysis, emphasizing businesses with stable cash flows, solid balance sheets and the potential for dividend growth. By combining common equity with convertible and preferred issues, GUT aims to balance income generation and capital appreciation over the long term.
The trust invests primarily in North American utilities but may also hold positions in developed international markets to capture global opportunities. Its board of trustees oversees governance and works closely with Gabelli Funds, LLC, as the investment adviser, and its sub‐advisers. The investment team leverages the deep research platform of GAMCO Investors’ utility analysts to identify companies positioned to benefit from regulatory stability, infrastructure modernization and evolving energy trends.
Since its inception in 1989, The Gabelli Utility Trust has offered investors diversified exposure to the utilities sector within a closed‐end structure. Under the leadership of Mario J. Gabelli, the trust draws on decades of industry expertise to navigate market cycles and regulatory environments. GUT distributes income monthly and seeks to deliver a combination of current income and long‐term capital growth for its shareholders.
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