RYE, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) — The Board of Trustees of the Gabelli International Utility & Revenue Belief (NYSE American: GLU) (the Fund) has accredited June 26, 2025 as an extra put date for the Sequence B Cumulative Puttable and Callable Most well-liked Shareholders (the Sequence B Most well-liked). The annual dividend charge of the Sequence B Most well-liked is 5.20%.
Every Sequence B Most well-liked shareholder now has the correct to place their shares to the Fund in every of the 60-day durations ending December 26, 2024 and June 26, 2025, after which the Sequence B most well-liked turns into perpetual.
The Sequence B most well-liked shares are callable, after correct notification is given, on the liquidation worth of $50.00 per share plus accrued dividends.
As background, the Sequence B Most well-liked Shares, which commerce on the NYSE American beneath the image GLU Pr B, have been issued on December 19, 2018, at $50.00 per share.
Traders ought to rigorously contemplate the funding goals, dangers, fees, and bills of the Fund earlier than investing. Extra data relating to this and different details about the Fund is offered by calling 800-GABELLI (800-422-3554), visiting www.gabelli.com, or emailing [email protected].
About The Gabelli International Utility & Revenue Belief
The Gabelli International Utility & Revenue Belief is a diversified, closed-end administration funding firm with $124 million in whole internet belongings whose major funding goal is to hunt a constant degree of after-tax whole return for its traders with an emphasis on tax-advantaged dividend revenue beneath present tax regulation. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Traders, Inc. (OTCQX: GAMI).
NYSE American “ GLU PrB
CUSIP “ 36242L303
For data:
Adam Tokar
(914) 457-1079
Investor Relations Contact:
Adam Tokar
(914) 457-1079
[email protected]
Supply: The Gabelli International Utility & Revenue Belief
