Gabelli Utility Trust's Series C Preferred Shares Reach 6% Yield Threshold

Gabelli Utility Trust's 5.375% Series C Cumulative Preferred Shares (GUT.PRC) are currently yielding above 6% due to its quarterly dividend of $1.3436. The shares are trading at a 10.28% discount to its liquidation preference amount. In comparison, the average discount in the "ETFs & CEFs" category is 17.34%. The common shares (GUT) are up 0.3% while GUT.PRC is down 0.8%.