Gabelli Utility Trust Announces Annual Meeting of Shareholders on May 13, 2024

TL;DR

<b>The Gabelli Utility Trust will hold its Annual Meeting of Shareholders on May 13, 2024, to elect five Trustees.</b>

AI Summary

GABELLI UTILITY TRUST (GUT-PC) filed a Proxy Statement (DEF 14A) with the SEC on March 22, 2024. The Gabelli Utility Trust (GUT) will hold its Annual Meeting of Shareholders on May 13, 2024. The meeting will take place at 10:00 a.m. ET at GAMCO Investors, Inc. in Rye, New York, and virtually via webcast. Shareholders will vote on the election of five Trustees. Four Trustees will be elected by holders of the Fund's common shares and Series B Auction Preferred Shares. The filing is a Definitive Proxy Statement (DEF 14A) submitted on March 22, 2024.

Why It Matters

For investors and stakeholders tracking GABELLI UTILITY TRUST, this filing contains several important signals. This filing provides shareholders with crucial information regarding the upcoming annual meeting, including the agenda and voting procedures for electing Trustees. Shareholders have the opportunity to participate in corporate governance by voting on the election of Trustees, which impacts the strategic direction and oversight of the fund.

Risk Assessment

Risk Level: low — GABELLI UTILITY TRUST shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on the election of Trustees.

Key Numbers

• 5 — Trustees to be elected (Number of Trustees to be elected at the meeting)
• 4 — Trustees elected by common and Series B shareholders (Number of Trustees elected by specific shareholder groups)
• 10:00 a.m. ET — Meeting Time (Time of the Annual Meeting of Shareholders)

Key Players & Entities

• GABELLI UTILITY TRUST (company) — Filer and subject of the proxy statement
• May 13, 2024 (date) — Date of the Annual Meeting of Shareholders
• GAMCO Investors, Inc. (company) — Location of the Annual Meeting
• Rye, New York (location) — Address of the Annual Meeting location
• DEF 14A (filing_type) — Form type of the filing
• 2024-03-22 (date) — Filing date of the proxy statement

FAQ

Industry Context

The Gabelli Utility Trust is a closed-end management investment company that invests in utility companies. This filing pertains to its annual shareholder meeting, a standard corporate governance event for publicly traded entities.

Regulatory Implications

This filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy statement for details on Trustee nominees and voting procedures.
2. Cast votes for the election of Trustees by the deadline.
3. Attend the Annual Meeting virtually or in person to stay informed.

Key Dates

• 2024-05-13: Annual Meeting of Shareholders — Shareholders will vote on the election of Trustees.
• 2024-03-22: Filing Date — Definitive Proxy Statement (DEF 14A) filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing for the annual meeting, indicating a routine corporate governance event.

Key Financial Figures

• $1,000 — tion of proxies for an estimated fee of $1,000 plus reimbursement of expenses. The Fun
• $0.001 — t outstanding: common shares, par value $0.001 per share (Common Shares''), and prefer
• $150,000 — the SEC's findings and allegation, paid $150,000 and agreed to cease and desist committi

Filing Documents

• gut-html7538_def14a.htm (DEF 14A) — 277KB
• proxy001.jpg (GRAPHIC) — 542KB
• proxy002.jpg (GRAPHIC) — 768KB
• proxy003.jpg (GRAPHIC) — 1985KB
• proxy004.jpg (GRAPHIC) — 768KB
• proxy005.jpg (GRAPHIC) — 550KB
• proxy006.jpg (GRAPHIC) — 768KB
• 0001133228-24-002431.txt (&nbsp;) — 13227KB
• ecf-20240403_def.xml (EX-101.DEF) — 3KB
• ecf-20240403_lab.xml (EX-101.LAB) — 2KB
• ecf-20240403_pre.xml (EX-101.PRE) — 2KB
• ecf-20240403.xsd (EX-101.SCH) — 3KB
• gut-html7538_def14a_htm.xml (XML) — 15KB

From the Filing

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Sec. 240.14a-12 The Gabelli Utility Trust (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration 3) Filing Party: 4) Date Filed: THE GABELLI UTILITY TRUST One Corporate Center Rye, New York 10580-1422 (914) 921-5070 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held on May 13, 2024 To the Shareholders of THE GABELLI UTILITY TRUST Notice is hereby given that the Annual Meeting of Shareholders of The Gabelli Utility Trust, a Delaware statutory trust (the Fund''), will be held on Monday, May 13, 2024, at 10:00 a.m., ET, at GAMCO Investors, Inc., One Corporate Center, 401 Theodore Fremd Avenue, Rye, New York, 10580 and virtually by Internet webcast (the Meeting''), and at any adjournments or postponements thereof for the following purposes: 1. To elect five (5) Trustees of the Fund, four (4) Trustees to be elected by the holders of the Fund's common shares and holders of its Series B Auction Market Preferred Shares and 5.375% Series C Cumulative Preferred Shares (together, Preferred Shares''), voting together as a single class, and one (1) Trustee to be elected by the holders of the Fund's Preferred Shares, voting as a separate class; and 2. To consider and vote upon such other matters, including adjournments, as may properly come before said Meeting or any adjournments or postponements thereof. These items are discussed in greater detail in the attached Proxy Statement. We are conducting a "hybrid" meeting - you may attend in person or virtually. Whether or not you plan to attend the Meeting in person, shareholders must register in advance by submitting the required information to the Fund at: http://Gabelli.com/CEFAnnualMeeting. Following registration, a shareholder will be provided with instructions regarding how to access the virtual Meeting, including the link for the Meeting. Requests for registration must be received no later than 5:00 p.m., ET, on May 12, 2024. Shareholders will receive an email confirming their registration and providing instructions for participating in the Meeting. Any questions should be directed to CEFProxy@gabelli.com. The close of business on March 15, 2024, has been fixed as the record date for the determination of shareholders entitled to notice of and to vote at the Meeting and any adjournments or postponements thereof. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WE ENCOURAGE YOU TO VOTE YOUR PROXY IN ADVANCE OF THE MEETING, EVEN IF YOU PLAN TO ATTEND THE MEETING. SHAREHOLDERS MAY AUTHORIZE THEIR PROXY BY TELEPHONE OR THE INTERNET. ALTERNATIVELY, SHAREHOLDERS MAY SUBMIT VOTING INSTRUCTIONS BY SIGNING AND DATING THE PROXY CARD AND RETURNING IT IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE. By Order of the Board of Trustees, PETER GOLDSTEIN Secretary April 3, 2024 INSTRUCTIONS FOR SIGNING PROXY CARDS TO BE RETURNED BY MAIL The following general rules for signing proxy cards may be of assistance to you and avoid the time and expense to the Fund involved in validating your vote if you fail to properly sign your proxy card. 1. Individual Accounts: Sign your name exactly as it appears in the registration on the proxy card. 2. Joint Accounts: Either party may sign, but the name of the party signing should conform exactly to the name shown in the registration. 3. All Other Accounts: The capacity of the individuals signing the proxy card should be indicated unless it is reflected in the form of registration. For example: Registration Valid Signature Corporate Accounts (1) ABC Corp. ABC

View Full Filing

View this DEF 14A filing on SEC EDGAR