Form 4: Gabelli Utility Trust Director Acquires Subscription Rights
SEC Form 4
James P. Conn, a director of Gabelli Utility Trust, reports the acquisition of subscription rights for common shares.
Summary
- On October 16, 2024, James P. Conn, a director of Gabelli Utility Trust [GUT.RT], acquired subscription rights for common shares.
- The subscription rights have an exercise price of $5.
- The transaction code is 'S', indicating the acquisition of subscription rights.
- Following the reported transaction, Mr. Conn beneficially owns 1,000 subscription rights directly.
- The subscription rights are exercisable from October 21, 2024, and expire on the same day.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This filing reflects the transactions of a company insider, which is a common occurrence. Investors often monitor these filings for signals about management's confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of transaction: James P. Conn acquired subscription rights. |
| 10/21/2024 | Subscription rights exercisable and expiration date. |
| 10/23/2024 | Date of signature by Attorney-in-Fact. |
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