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GABELLI UTILITY TRUST — Director's Dealing 2023
Oct 26, 2023
32766_dirs_2023-10-26_6df28958-3757-4d7b-b31c-25dba0551cda.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GABELLI UTILITY TRUST (GUT)
CIK: 0001080720
Period of Report: 2023-10-11
Reporting Person: BANK OF AMERICA CORP /DE/ (Former 10% Owner)
Reporting Person: BANK OF AMERICA NA (Former 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-10-11 | Series B Auction-Rate Preferred Shares | J | 888 | $22803 | Disposed | 0 | Indirect |
Footnotes
F1: CUSIP 36240A309
F2: The shares were tendered to the issuer per the tender offer statement on Schedule TO filed by The Gabelli Utility Trust on 09/06/23 and amended on 10/12/23.
F3: In exchange for the tendered shares, Bank of America received Notes of CUSIP 36240AAA9, with a principal amount equal to 91.212% of the total amount of liquidation preference of tendered shares. The liquidation preference of the tendered shares is $25,000 per share.
F4: The Auction Rate Preferred Stocks reported in Table I represent shares beneficially owned by Bank of America N.A. ("BANA"). BANA is a wholly owned subsidiary of Bank of America Corporation.