GUT: 2024 Rights Offering Underway [Seeking Alpha]
Gabelli Utility Trust (The) (GUT)
US:NYSE Investor Relations:
gabelli.com/closed
Company Research
Source: Seeking Alpha
Play 8min Summary The Gabelli Utility Trust's 1-for-5 rights offering allows shareholders to buy additional shares at $5 each, expiring October 21, 2024. GUT trades at a 72.52% premium to NAV, making the rights valuable unless the share price drops below $5 before expiry. The rights offering is accretive, boosting GUT's NAV and supporting its high distribution rate, benefiting long-term shareholders. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Monty Rakusen The Gabelli Utility Trust's GUT ) transferable 1-for-5 rights offering is currently ongoing . The ex-rights date was September 9, 2024, and the expiring date is October 21, 2024 Excerpts from the press release The Board of Trustees of The Don't know how to profit (or avoid losses) from CEF corporate actions? We keep track of corporate actions such as rights offers, tender offers and mergers and how to profit from them in the m
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GUT
Sec Filings
- 12/20/24 - Form 4
- 11/29/24 - Form NPORT-P
- 11/26/24 - Form 4
- GUT's page on the SEC website