Gabelli Utility Trust Declares $0.05 Monthly Distributions for Q2 2026 with NAV Premium Warning
Gabelli Utility Trust declared monthly $0.05 distributions for April, May and June 2026, with record dates April 16, May 14 and June 15 and pay dates April 23, May 21 and June 23. The $339 million closed-end fund cautioned its shares trade at an unsustainable premium to NAV.
1. Distribution Declaration
The Board of Trustees declared cash distributions of $0.05 per share for April, May and June 2026, specifying record dates of April 16, May 14 and June 15 and corresponding pay dates on April 23, May 21 and June 23.
2. Premium to NAV
The fund noted its shares are trading at a premium to net asset value, a level the board believes is unlikely to persist and which causes reinvested dividends to occur above NAV.
3. Fund Profile and Policy
The Gabelli Utility Trust, managing $339 million in net assets, has paid monthly distributions since October 1999; it reviews distribution levels quarterly and may make an adjusting distribution in December to meet regulatory tax requirements.