Gabelli Utility Trust Maintains Its Regular Monthly Payouts Through Q2 2026

Key payout details
- Monthly payout: $0.05 per share
- Total for Q2: $0.15 per share
- Payment dates: April 23, 2026; May 21, 2026; June 23, 2026
- History: uninterrupted monthly payments since October 1999

Q2 schedule and participation
The board has confirmed the 0.05 USD monthly distribution for the months of April, May, and June, leaving the rate unchanged from the prior quarter. To participate in the distributions, investors must hold shares on the respective record dates: April 16, May 14, and June 15. A core hallmark of the fund remains its continuity: monthly payouts have continued for more than 26 years without interruption.

NAV premium warning
In conjunction with the announcement, the board addressed the relationship between the market price and the net asset value (NAV). The Gabelli Utility Trust is currently trading at a premium to its NAV. The management team cautioned that such elevated valuations are unlikely to be sustainable over the long term. For participants in the Dividend Reinvestment Plan (DRIP), this means reinvested distributions are purchased at a market price that exceeds the underlying NAV of the shares.

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Source of funds under scrutiny
A closer look at the balance sheet indicates the current payments are not funded from ongoing investment income or realized gains. Based on the latest accounting data for 2026, the distributions are funded 100% from contributed capital. The sustainability of this approach remains a question if the portfolio?s earnings lag behind the payout commitments. The final tax treatment of the distributions will be determined after the fiscal year closes. Shareholders will receive detailed guidance on the tax treatment of their income at the start of 2027 via Form 1099-DIV.

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