Prospectus excerpt:  The Gabelli Utility Trust (the ÙFund,ˆ Ùwe,ˆ Ùusˆ or Ùourˆ) is offering 2,000,000 shares of 5.375% Series C Cumulative Preferred Shares, par value $0.001 per share (the ÙSeries C Preferred Sharesˆ). The Series C Preferred Shares will constitute a separate series of the Fund?s preferred shares. Investors in Series C Preferred Shares will be entitled to receive, when, as and if declared by, or under authority granted by, the Fund?s Board of Trustees, out of funds legally available therefor, cumulative cash dividends and distributions at a rate of 5.375% per annum of the $25.00 per share liquidation preference on the Series C Preferred Shares. Dividends and distributions on Series C Preferred Shares will be payable quarterly on March 26, June 26, September 26 and December 26 in each year, commencing on September 26, 2016. The Series C Preferred Shares are redeemable at our option on or after May 31, 2021 and are subject to mandatory redemption by us in certain circumstances. See ÙSpecial Characteristics and Risks of the Series C Preferred Shares ? Redemption.ˆ