BANK OF AMERICA CORP /DE/ - 11 Oct 2023 Form 4 Insider Report for GABELLI UTILITY TRUST (GUT)

Role: Former 10% Owner
Signature: Andres Ortiz, Authorized Signatory, on behalf of Bank of America Corporation
Issuer symbol: GUT
Transactions as of: 11 Oct 2023
Net transactions value: -$20,249,064
Form type: 4
Filing time: 26 Oct 2023, 16:06:15 UTC
Previous filing: 06 Oct 2023
Next filing: 20 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GUT	Series B Auction-Rate Preferred Shares	Other	$20,249,064	-888	-100%	$22803.00^*	0	11 Oct 2023	By Subsidiary	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

BANK OF AMERICA CORP /DE/ is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	CUSIP 36240A309
F2	The shares were tendered to the issuer per the tender offer statement on Schedule TO filed by The Gabelli Utility Trust on 09/06/23 and amended on 10/12/23.
F3	In exchange for the tendered shares, Bank of America received Notes of CUSIP 36240AAA9, with a principal amount equal to 91.212% of the total amount of liquidation preference of tendered shares. The liquidation preference of the tendered shares is $25,000 per share.
F4	The Auction Rate Preferred Stocks reported in Table I represent shares beneficially owned by Bank of America N.A. ("BANA"). BANA is a wholly owned subsidiary of Bank of America Corporation.