Gabelli Utility Trust Announces Rights Offering of Common Stock Record Date and Summary of Terms Page 1

RYE, NY, Aug. 22, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) has approved a transferable rights offering through which the Fund’s common shareholders may acquire additional shares of its common stock on the record date (the “Offering”). The Offering will be made only by means of a prospectus supplement and accompanying prospectus, and this announcement does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund.

SUMMARY OF THE TERMS OF THE OFFER