GUT Overview

Distribution Policy: The Gabelli Utility Trust has approved fixed monthly cash distributions of $0.05 per share for January, February, and March 2026, with ongoing reviews of the distribution levels based on the Fund's performance and market conditions.

Tax Implications: Portions of the distributions may be classified as long-term capital gains or qualified dividend income, subject to federal tax rates, and any excess distributions over earnings may be treated as a return of capital, reducing the shareholder's cost basis.

Investment Performance: The Fund has maintained a monthly distribution to shareholders since October 1999, but the current trading premium over net asset value may not be sustainable, and shareholders should not infer investment performance solely from distribution amounts.

Fund Overview: The Gabelli Utility Trust is a closed-end investment company focused on long-term capital growth and income through investments in utility companies, with total net assets of $332 million, managed by Gabelli Funds, LLC.

Utilities as Investment Opportunities: Utilities are evolving into significant players in the AI sector, offering high dividends (up to 10.4%) while traditional investors focus on momentum stocks.

Strained Power Grids: Texas faces a projected 62% increase in power demand by 2030, with utilities like Oncor and Portland General Electric adapting to meet the needs of growing data centers and populations.

Edison International's Risks and Rewards: Despite facing wildfire litigation and risks, Edison International offers a nearly 6% yield and has potential for growth due to its renewable energy focus and large customer base.

Investment Strategies in Infrastructure: Brookfield Infrastructure Partners and various closed-end funds provide exposure to utility sectors with attractive yields, though investors should be cautious of high premiums and leverage in these investments.

Investment Opportunities: Contrarian investors may find value in the energy sector amidst a potentially overvalued stock market, particularly with increasing demand for electricity driven by data centers and artificial intelligence.

Analyst Recommendations: Veteran energy market analysts have identified four specific stock picks for investors interested in capitalizing on the anticipated growth in energy demand.