Gabelli Utility Trust Continues Monthly Distributions, Declares Distributions of $0.05 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
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Source: Newsfilter
Distribution Announcement: The Gabelli Utility Trust has declared fixed monthly cash distributions of $0.05 per share for January, February, and March 2025, while continuing to evaluate strategic investment opportunities in the equity markets.
Tax Implications: Distributions may be treated as long-term capital gains or return of capital, with approximately 4% from net investment income and 96% deemed a return of capital for 2024, affecting shareholders' tax reporting and cost basis.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
