Gabelli Utilities Fund
01 Giugno 2022 - 10:02PM
Business Wire
The Board of Trustees (the “Board”) of The Gabelli Utilities
Fund (the “Fund”) reaffirmed the Fund’s annual distribution rate of
$0.88 per share for Class I, Class A, Class AAA, and Class C
shareholders. This represents $0.07 per share for the first two
months of each quarter and $0.08 per share in the final month of
each quarter.
The Board also announced Class C shares (ticker: GAUCX) were
renamed Class C1. Existing Class C1 shares will remain available
for existing holders at their election, and will be available for
additional investment through August 31, 2022.
A new Class C share (ticker: GUXPX) is expected to become
available for sale on or about September 1, 2022. The new Class C
shares, which will have similar attributes to the Class C1 shares,
will have an annual distribution rate of $0.88 per share. The new
Class C shares will have a cash distribution of approximately 11%
of NAV at inception, a similar rate to Class I, Class A, and Class
AAA shares.
The Gabelli Utilities Fund is managed by Gabelli Funds, LLC and
distributed by G.distributors, LLC, subsidiaries of GAMCO
Investors, Inc. (NYSE: GBL).
You should not draw any conclusions about the Fund’s
investment performance from the amount of the past distributions.
The Fund’s distribution policy is subject to modification or
termination by the Board at any time. The distribution rate should
not be considered the dividend yield or total return on an
investment in the Fund. The Fund’s distributions may be comprised
of net investment income, capital gains, and paid in
capital.
Investors should carefully consider the investment
objectives, risks, sales charges, and expenses of the Fund before
investing. The prospectus and summary prospectus contain
information about these and other matters and should be read
carefully before investing. To obtain a prospectus or summary
prospectus, please visit our website at www.gabelli.com or call
800-GABELLI (800-422-3554).
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For Information: Please call 800-GABELLI
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