Bank Of America Na - Oct 11, 2023 Form 3 Insider Report for GABELLI UTILITY TRUST (GUT)

Role: 10%+ Owner
Signature: Michael Jentis, Authorized Signatory, on behalf of Bank of America, N.A. (BANK OF AMERICA, NA)
Stock symbol: GUT
Transactions as of: Oct 11, 2023
Transactions value $: $0
Form type: 3
Date filed: 10/30/2023, 11:54 AM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GUT	GUT 5.25% 31-DEC-2024 Promissory Note						20.2M	Oct 11, 2023	By Subsidiary	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	The Promissory Note reported as acquired in Table 1, with $20,249,064 face amount, represents a debt security issued by The Gabelli Utility Trust (the "Issuer") beneficially owned by Bank of America N.A. ("BANA"). The Promissory Note was received in connection with the Exchange offer, as set forth in Schedule TO filed by the Issuer on September 6, 2023 and amended on October 12, 2023, where BANA exchanged 888 Series B Auction Market Preferred Shares for the Note.
F2	This statement is jointly filed by Bank of America Corporation ("Bank of America") and BANA. Bank of America holds an indirect interest of the securities listed in Table I (the "Securities") by virtue of its indirect ownership of its subsidiary, BANA.
F3	Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.