Form 4: Bank of America Corp and Merrill Lynch Report Gabelli Utility Trust Transaction

Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly report a transaction involving Series C Preferred Shares of Gabelli Utility Trust.

Summary

• Bank of America Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated jointly filed a Form 4.
• The filing reports transactions in Series C Preferred Shares of Gabelli Utility Trust (GUT).
• On June 28, 2024, 263 shares were purchased at $23.745 per share and 263 shares were disposed of at $23.775 per share.
• The reporting persons disclaim beneficial ownership except to the extent of their pecuniary interest.
• The reporting persons are analyzing additional trading activity and expect to file another Form 4.
• The filing includes a joint filing agreement.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

The reporting persons are analyzing additional trading activity and expect to file another Form 4 as promptly as reasonably practicable once that analysis is complete.

Industry Context

This filing is a routine disclosure of transactions by significant shareholders, providing transparency to the market regarding ownership changes in Gabelli Utility Trust.

Stakeholder Impact

• Provides transparency to shareholders regarding ownership changes.

Next Steps

• The reporting persons will file another Form 4 after analyzing additional trading activity.

Key Dates