Gabelli Utility to redeem 5.625% series A preferreds on Jan. 31

By William Gullotti

Buffalo, N.Y., Dec. 30 – Gabelli Utility Trust reported that it intends to redeem all remaining outstanding shares of its 5.625% series A cumulative preferred shares (A1) on Jan. 31, according to a press release on Thursday.

The $25-par shares, currently listed on the New York Stock Exchange under the symbol “GUTPrA,” will be redeemed at $25.13671875 per share, reflecting a payment of $0.13671875 per share of unpaid dividends and distributions through the redemption date.

Computershare Trust Co., NA is serving as payment agent.

The trust is a closed-end equity mutual fund launched by Gamco Investors, Inc. and managed by Gabelli Funds, LLC.

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