Gabelli Utility Trust Rights Offering Concludes Raising $58 Million
Gabelli Utility Trust (The) (GUT)
US:NYSE Investor Relations:
gabelli.com/closed
Company Research
Source: GlobeNewswire
RYE, New York, Oct. 22, 2024 (GLOBE NEWSWIRE) -- The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) is pleased to announce the successful completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will issue 11,624,109 common shares, for gross proceeds to the Fund of $58,120,545 (including over-subscription requests and notices of guaranteed delivery). Pursuant to the Offering, the Fund issued one transferable right (a “Right”) for each common share of the Fund held by shareholders of record as of September 9, 2024 (“record date shareholders”). Holders of Rights were entitled to purchase common shares by submitting five Rights and $5.00 for each share to be purchased (the subscription price). The Offering expired at 5:00 PM Eastern Time on October 21, 2024 and the Rights no longer trade on the New York Stock Exchange. Subject to approval of the over-subscription privilege by the Board of Trustees’ pricing committee, the o
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Sec Filings
- 11/15/24 - Form POS
- 10/29/24 - Form 4
- 10/28/24 - Form 4
- GUT's page on the SEC website