Bank Of America Corp /De/ - Oct 11, 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
Stock symbol
GUT
Transactions as of
Oct 11, 2023
Transactions value $
-$20,249,064
Form type
4
Date filed
10/26/2023, 04:06 PM
Previous filing
Oct 6, 2023
Next filing
Oct 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GUT Series B Auction-Rate Preferred Shares Other -$20.2M -888 -100% $22,803.00* 0 Oct 11, 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.