Gabelli Utility Trust (The) Stock News

We recently touched on rights offerings and tender offers, and today we'll discuss at-the-market offerings.

There are several dates a closed-end fund investor should watch for when a CEF they own start a rights offering. Rights offerings are typically disruptive to the price and a dip in price is typical.

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GUT: Quick Note On The Rights Offering Results

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RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the “Fund”) has approved a transferable rights offering which would allow the Fund's record date common s

MLP CEFs And Income Portfolios

Utilities are fairly appealing in uncertain times due to their relative stability. The sector delivered a reasonably strong performance in 2019, which is likely making some investors interested.

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week. Commodities continue to rally, energy also puts in a strong performance.

21 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week. Boosts to USA/ASG, and the Flaherty & Crumrine funds.

CEF discounts remain significantly wider than their historical average, indicating attractive valuations.

A little over two months ago I wrote an article titled A Big Fat Opportunity In The BSTZ Technology CEF when it was at $19.43. Yesterday, BSTZ closed at $23.95.

17 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. MLPs lead while Asia equities lag.

Midstream and utilities both tend to appeal to investors with their attractive income and diversification benefits.

The first half of 2020 certainly saw a volatile market as we hit all-time highs on February 19th, then quickly entered into a bear market.