Gabelli Funds Set Summer Distributions as GLU Lifts Payout and GGT Maintains Plan

Overview

• Gabelli-managed closed-end funds, which rolled out updates Wednesday, set June payments and July–September monthly payouts across GLU, GGT, GUT, and GNT.
• Gabelli Global Utility & Income Trust set $0.11 per share for July, August, and September as part of a 10% annual increase to $1.32 paid monthly.
• The Gabelli Multimedia Trust kept its $0.88 annual target and the monthly pattern of $0.07, $0.07, then $0.08, and it no longer plans to rely on prior SEC exemptive relief for a managed distribution approach.
• The Gabelli Utility Trust set $0.05 per share for July through September and warned its shares trade above net asset value, which means dividend reinvestment buys stock at a market premium.
• For June 23, Gabelli Healthcare & WellnessRx pays $0.17, Gabelli Convertible and Income Securities pays $0.12, and The GDL Fund pays $0.12, and the releases note 2026 payouts may include capital gains or return of capital with final tax details reported on Form 1099-DIV in early 2027.