Gabelli Utility Trust Continues Monthly Distributions, Declaring Distributions Of $0.06 Per Share

The Board of Trustees of The Gabelli Utility Trust (NYSE: GUT) (the “Fund”) approved the continuation of monthly cash distributions of $0.06 per share for July, August, and September 2010.

The distribution for July 2010 will be payable on July 23, 2010 to common shareholders of record on July 16, 2010.

The distribution for August 2010 will be payable on August 24, 2010 to common shareholders of record on August 17, 2010.

The distribution for September 2010 will be payable on September 23, 2010 to common shareholders of record on September 16, 2010.

Under the Fund’s current distribution policy, the Fund pays a distribution of $0.06 per share each month and, if necessary, an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code.

The Gabelli Utility Trust has paid a distribution to shareholders every month since October 1999.

Each quarter, the Board of Trustees reviews the amount of any potential distribution and the income, capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time.

A portion of the distribution may be treated as long-term capital gain and qualified dividend income for individuals, each subject to the maximum federal income tax rate, which is currently 15% in taxable accounts for individuals. If the Fund does not generate earnings from dividends and interest received and net realized capital gains equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s investment income and net realized capital gains would be deemed a non-taxable return of capital.