Gabelli Utility to redeem 5.625% series A preferred shares

By Wendy Van Sickle

Columbus, Ohio, Nov. 17 – Gabelli Utility Trust’s board of trustees has approved the redemption of all outstanding 5.625% series A cumulative preferred shares, according to a news release.

The securities will be redeemed at $25.00 per share plus unpaid dividends. The redemption date is to be announced.

The preferreds were issued on July 28, 2003 at $25.00 per share.

The preferreds trade under the symbol “GUTPrA” on the New York Stock Exchange.

Gabelli is a Rye, N.Y.-based investment firm.

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