<SEC-DOCUMENT>0001193125-18-088051.txt : 20180319
<SEC-HEADER>0001193125-18-088051.hdr.sgml : 20180319
<ACCEPTANCE-DATETIME>20180319172257
ACCESSION NUMBER:		0001193125-18-088051
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20180319
DATE AS OF CHANGE:		20180319

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI UTILITY TRUST
		CENTRAL INDEX KEY:			0001080720
		IRS NUMBER:				134046522
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-203475
		FILM NUMBER:		18699801

	BUSINESS ADDRESS:	
		STREET 1:		1 CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149215083

	MAIL ADDRESS:	
		STREET 1:		1 CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GABELLI UTILITY FUND
		DATE OF NAME CHANGE:	19990225
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d554881d497ad.htm
<DESCRIPTION>THE GABELLI UTILITY TRUST
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<TITLE>The Gabelli Utility Trust</TITLE>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>For information:</B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">David Schachter</P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(914) 921-5070</P> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD></TR>
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<TD VALIGN="top" COLSPAN="7"> <P STYLE="font-size:12pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PRESS RELEASE</B></P>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">FOR IMMEDIATE RELEASE</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Rye, New York</P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">March 19, 2018</P></TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">NYSE &#150; GUT</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">CUSIP &#150;
36240A101</P></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GABELLI UTILITY
TRUST</B> </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ANNOUNCES RIGHTS OFFERING FOR COMMON SHARES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>RECORD DATE AND SUMMARY OF TERMS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman"><B>Rye, NY</B> &#151; The Board of Trustees of The Gabelli Utility Trust (NYSE:GUT) (the &#147;Fund&#148;) has approved a transferable rights
offering which would allow the Fund&#146;s record date common shareholders to acquire additional common shares (the &#147;Offering&#148;). The Offering to acquire additional common shares will be made only by means of a prospectus, and this
announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund&#146;s securities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">SUMMARY OF
THE TERMS OF THE OFFERING </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Each shareholder will receive one transferable right (the &#147;Right&#148;) for each common share held on the record date March 29, 2018. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Five Rights plus $5.50 (the &#147;Subscription Price&#148;) will be required to purchase one additional common share (the &#147;Primary Subscription&#148;). The purchase price will be payable in cash. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">Record date shareholders who fully exercise their Primary Subscription Rights will be eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a pro-rata
allotment, for any additional common shares not purchased pursuant to the Primary Subscription. <I>Rights acquired in the secondary market may not participate in the over-subscription privilege.</I> </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">The Rights are expected to trade &#147;when issued&#148; on the New York Stock Exchange beginning on March 27, 2018, and the Fund&#146;s common shares are expected to trade &#147;Ex-Rights&#148; on the New York Stock
Exchange beginning on March 28, 2018. The Rights are expected to begin trading for normal settlement on the New York Stock Exchange (NYSE:GUT RT) on or about April 3, 2018. </TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top">The Offering expires at 5:00 PM Eastern Time on May 15, 2018. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The Fund expects to mail
subscription certificates evidencing the Rights and a copy of the prospectus for this Offering to record date shareholders beginning on April 2, 2018. Financial Advisors will likely send notices to you shortly thereafter. Inquiries regarding the
Offering should be directed to the Fund at 800-GABELLI or 914-921-5070. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Offering is made pursuant to the Fund&#146;s effective shelf registration statement on file
with the Securities and Exchange Commission. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any common shares issued as a result of the Offering will not be record date shares for the
Fund&#146;s monthly distribution to be paid on May 23, 2018 and will not be entitled to receive such distribution. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>The information
herein is not complete and is subject to change. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. This document is not an
offering, which can only be made by a final prospectus. Investors should consider the Fund&#146;s investment objective, risks, charges and expenses carefully before investing. The base prospectus contains this and additional information about the
Fund and the prospectus supplement will contain this and additional information about the Offering, and should be read carefully before investing. For further information regarding the Offering, or to obtain a prospectus supplement and the
accompanying prospectus, when available, please contact the Fund at 800-GABELLI or 914-921-5070. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Gabelli Utility Trust is a
diversified, closed-end management investment company with $316 million in total net assets whose primary investment objective is long-term growth of capital and income. The Fund invests primarily in utility companies involved in (i) the generation
or distribution of electricity, gas, and water and (ii) telecommunications services or infrastructure operations. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL). </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">- 2 - </P>

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