Bank Of America Corp /De/ - Nov 21, 2024 Form 4 Insider Report for GABELLI UTILITY TRUST (GUT)

Role
10%+ Owner
Signature
Andres Ortiz (BANK OF AMERICA CORP)
Stock symbol
GUT
Transactions as of
Nov 21, 2024
Transactions value $
-$2,023,286,475
Form type
4
Date filed
11/26/2024, 02:25 PM
Previous filing
Nov 20, 2024
Next filing
Dec 4, 2024

Transactions Table

* 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 The Promissory Note reported as disposed in Table 1, with $20,249,064 face amount, represents a debt security issued by The Gabelli Utility Trust (the "Issuer") that was beneficially owned by Bank of America N.A. ("BANA"). The Promissory Note was sold by BANA in a private sale transaction in which BofA Securities, Inc. (?BOFAS?) acted as riskless-principal.
F2 This statement is jointly filed by Bank of America Corporation ("Bank of America"), BANA and BOFAS. Bank of America holds an indirect interest of the securities listed in Table I (the "Securities") by virtue of its indirect ownership of its subsidiaries, BANA and BOFAS. Each reporting person is currently analyzing additional trading activity and expect to file another Form 4 as promptly as reasonably practicable once that analysis is complete.
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.

Remarks:

Exhibits Index Exhibit 99.1 ? Joint Filing Agreement