Exhibit (d)(5)
Notice of Guaranteed Delivery For
Common Shares of
The Gabelli Utility Trust
Subscribed for Via Primary Subscription and
the Over-Subscription Privilege
As set forth in the Prospectus Supplement, dated September 9, 2024, and the accompanying Prospectus, dated December 28, 2023 (collectively, the “Prospectus”), for this offering, this form or one substantially equivalent hereto may be used as a means of effecting subscription and payment for all of the Fund’s common shares, par value $0.001 per share (the “Common Shares”), subscribed for via the primary subscription and the over-subscription privilege. Payment must be made in United States dollars, whereby only checks drawn on a bank located in the continental United States and made payable to The Gabelli Utility Trust will be accepted. Such form may be delivered by email, first class mail, express mail or overnight courier to the Subscription Agent and must be received prior to 5:00 p.m., Eastern Time, on October 21, 2024, as such date may be extended from time to time (the “Expiration Date”). The terms and conditions of the offering set forth in the Prospectus are incorporated by reference herein. Capitalized terms used and not otherwise defined herein have the meaning attributed to them in the Prospectus.
THE SUBSCRIPTION AGENT IS:
Computershare Trust Company, N.A.
BY FIRST CLASS MAIL: | | BY EXPRESS MAIL OR OVERNIGHT COURIER: | | VIA EMAIL: |
| | | | |
The Gabelli Utility Trust c/o Computershare Trust Company, N.A. Attn: Volunteer Corporate Actions: COY GUT P.O. Box 43011 Providence, RI 02940-3011 | | The Gabelli Utility Trust c/o Computershare Trust Company, N.A. Attn: Volunteer Corporate Actions: COY GUT 150 Royall Street, Suite V Canton, Massachusetts 02021 | | canoticeofguarantee@ computershare.com *This email address can only be used for delivery of this Notice of Guaranteed Delivery.* |
DELIVERY OF THIS INSTRUMENT TO AN ADDRESS, OTHER THAN AS SET FORTH ABOVE, DOES NOT CONSTITUTE A VALID DELIVERY.
The New York Stock Exchange member firm or bank or trust company that completes this form must communicate this guarantee and the number of Common Shares subscribed for in connection with this guarantee (separately disclosed as to the primary subscription and the over-subscription privilege) to the Subscription Agent and must deliver this Notice of Guaranteed Delivery, to the Subscription Agent, prior to 5:00 p.m. Eastern Time, on the Expiration Date, guaranteeing delivery of a properly completed and signed Subscription Certificate (which certificate must then be delivered to the Subscription Agent no later than the close of business of the second Business Day after the Expiration Date). Failure to do so will result in a forfeiture of the Rights. Payment of the full Subscription Price for the Common Shares subscribed for must accompany this Notice of Guaranteed Delivery.
GUARANTEE
The undersigned, a member firm of the New York Stock Exchange or a bank or trust company having an office or correspondent in the United States, guarantees delivery to the Subscription Agent by no later than 5:00 p.m., Eastern Time, on the first Business Day after the Expiration Date of a properly completed and executed Subscription Certificate, as subscription for such Common Shares as indicated herein or in the Subscription Certificate. Participants should notify the Depositary prior to covering through the submission of a physical security directly to the Depositary based on a guaranteed delivery that was submitted via DTC’s PTOP platform.
BROKER ASSIGNED CONTROL # | | |
THE GABELLI UTILITY TRUST
1. | Primary Subscription | | Number of Rights to be exercised | | Number of primary Common Shares requested for which you are guaranteeing delivery of Rights | | Payment to be made in connection with primary Common Shares |
| | | | | | | |
| | | Rights ____________________ | | Common Shares ____________________ | | $ ____________________ |
| | | | | | | |
2. | Over-Subscription | | Not applicable | | Number of over-subscription Common Shares requested pursuant to the over-subscription privilege | | Payment to be made in connection with over-subscription Common Shares |
| | | | | | | |
| | | | | Common Shares ____________________ | | $ ____________________ |
| | | | | | | |
3. | Totals | | Total Number of Rights Exercised | | Total number of Common Shares subscribed for and/or requested | | |
| | | | | | | |
| | | Rights ____________________ | | Common Shares ____________________ | | $ ____________________ |
| | | | | | | Total Payment |
Method of delivery (circle one):
| B. | Direct to Computershare Trust Company, N.A., as Subscription Agent. |
Please reference below the registration of the Rights to be delivered.
PLEASE ASSIGN A UNIQUE CONTROL NUMBER FOR EACH GUARANTEE SUBMITTED. This number needs to be referenced on any direct delivery of Rights or any delivery through DTC.
Name of Firm | | | |
| | | Authorized Signature |
| | |
DTC Participant Number | | Title |
| | |
| | |
Address | | Name (Please Type or Print) |
| | |
| | |
Zip Code | | Phone Number |
| | |
| | |
Contact Name | | Date |
BENEFICIAL OWNER LISTING CERTIFICATION
The Gabelli Utility Trust Rights Offering
The undersigned, a bank, broker or other nominee holder of Rights (“Rights”) to purchase common shares, $0.001 par value per share (“Common Shares”), of The Gabelli Utility Trust (the “Fund”) pursuant to the rights offering (the “Offer”) described and provided for in the Fund’s Prospectus Supplement, dated September 9, 2024, and the accompanying Prospectus, dated December 28, 2023 (collectively the “Prospectus”), hereby certifies to the Fund and to Computershare Trust Company, N.A., as Subscription Agent for such Offer, that for each numbered line filled in below, the undersigned has exercised, on behalf of the beneficial owner thereof (which may be the undersigned), the number of Rights specified on such line pursuant to the primary subscription (as specified in the Prospectus) and such beneficial owner wishes to subscribe for the purchase of additional Common Shares pursuant to the over-subscription privilege (as specified in the Prospectus), in the amount set forth in the third column of such line.
| Number of Record Date Common Shares Owned | | NUMBER OF RIGHTS exercised pursuant to the Primary Subscription | | NUMBER OF COMMON SHARES requested pursuant to the Over-Subscription Privilege |
1. | | | | | |
2. | | | | | |
3. | | | | | |
4. | | | | | |
5. | | | | | |
6. | | | | | |
7. | | | | | |
8. | | | | | |
9. | | | | | |
10. | | | | | |
| | | | | |
Provide the following information, if applicable:
| | |
Depository Trust Corporation (“DTC”) Participant Number | | |
| | |
| | Name of Broker |
| | |
| | |
DTC Primary Subscription Confirmation Number(s) | | Address |