If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. Forms | Christiansburg, VA - Official Website Fox News to Pay $12 Million to Settle Ex-Producer's Lawsuits Current investors in GUT are advised to jump ship before fund inevitably announces a distribution cut that will bring GUT's premium to NAV back to earth. However, you may find more information on local area providers here: Schools Christiansburg is part of the Montgomery County School System. Save my name, email, and website in this browser for the next time I comment. https://www.christiansburg.org/883/Utility-Services. The GUT fund is lead managed by Mario Gabelli, an award-winning fund manager and founder of Gabelli Asset Management ("GAMCO"). Opening & closing timings, parking options, restaurants nearby or what to see on your visit to BeachandPool? Wassertrdingen is a town in the district of Ansbach, Middle Franconia, Bavaria, Germany. Figure 5 - GUT pays a $0.05 monthly distribution (cefconnect.com). Finally, the GUT fund does periodic 'rights offerings', allowing unitholders to subscribe for new shares at a 'discount' to market price (but still a huge premium to NAV!). One fifth of all water supplies lost to leaks. But inevitably, NAV will go to zero at the current pace, and the game will end. comes to ~ 18.5% of NAV, so even if GUT makes an above average 8.5% return on common assets after fund expenses, the NAV drops by 10% the first year, and successively more than 10% each succeeding year. Distance (in kilometers) between Wassertrdingen and the biggest cities of Germany. I wrote this article myself, and it expresses my own opinions. Reports & Publications The latest out . Every month, the GUT fund must liquidate NAV to fund its distribution, which makes future distributions even more unsustainable. If the location is new to solid waste collection with the Town of Christiansburg, service may take up to a week to begin. Either that, or the fund will run out of NAV to distribute. The problem is, if you recall from Figure 4 above, the GUT fund only earns returns of ~7% on NAV on average over 15 years. If you do not wish to use online bill pay, please remember that utility payments can also be paid in person at Town Hall, 100 E. Main Street, or mailed to Town of Christiansburg c/o Treasurer, 100 E. Main St., Christiansburg, VA 24073. How can the fund pay out an 18.5% of NAV yield? This has led the GUT fund to trade at an eye-watering 113% premium to NAV (Figure 8). Over 800sewage spillson average every day in 2022. Public Transportation System If youre looking to get around town or to nearby Blacksburg, Blacksburg Transit offers routes to, from and throughout Christiansburg. Below is a list of activities and point of interest in Wassertrdingen and its surroundings. The Gabelli Utility Trust (GUT) fund is trading at a 113% premium to its net asset value (NAV), despite only delivering a 6.7% average annual return over 10 years. You may also pay with an eCheck. If you do not wish to use online bill pay, please remember that utility payments can also be paid in person at Town Hall, 100 E. https://utilitybilling.christiansburg.org/ CustomerWeb : Login - Christiansburg Rates & Fees | Christiansburg, VA - Official Website Learn about how to pay your bill, how to set up auto payment, how to cancel account and contact customer support for christiansburg bill pay by using the official links that we have provided below. If youre a new resident, chances are, you have a few questions about how to set up your home here in town. April 23, 2022 by Admin Learn about how to pay your bill, how to set up auto payment, how to cancel account and contact customer support for town of christiansburg pay utility bill by using the official links that we have provided below. Dayton Power & Light 800-433-8500; Pioneer Rural Electric 937-653-7202; Gas. Follow us at @BloombergUKand on Facebook, andwrap up your day withThe Readout newsletter. If you have questions that remain unanswered, give us a call in the Public Relations Office at 540-382-6128 or send an email to the town. Wall Street Soothsayers AreBewildered About Whats Next, Yellen Says US-China Ties on Surer Footing After Trip, CEO Who Grew Up in Poverty Builds Rare $1.4 Billion Fish Startup, Chinas Flood of Plastic, Yellen Departs: Sunday Asia Briefing. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". The GUT fund was spun out of the flagship Gabelli Equity Trust in 1999. principal' fund. Utility Services | Christiansburg, VA - Official Website https://www.christiansburg.org/883/Utility-Services Champaign County Utilities No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Figure 1 - GLU fund has underperformed as expected (Seeking Alpha). New Residents | Christiansburg, VA - Official Website . / Pay / Water/Sewer Payment options PSA office - Pay in person Treasurer's Office (first floor): Montgomery County Government Center 755 Roanoke St., Suite 1B Christiansburg, VA Monday - Friday, 9:00 a.m. to 5 p.m. Atlantic Union Bank (branches located in Montgomery County) Overall, I see nothing unusual about the fund's holdings, it looks like a well-diversified utilities fund. The Christiansburg Water Department provides water for about 22,000 living in the Christiansburg area, Virginia. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. To report a factual error in this article. As the GUT fund ran out of realized gains in 2019, the fund has switched to fund its $0.60 / year distribution with $0.60 in ROC in 2020, $0.51 in 2021, and $0.49 in 2022. Fox News agreed to pay $12 million to a former producer to settle lawsuits claiming she endured sexist behavior while at the network and was coerced to give misleading answers in a deposition by . Town Of Christiansburg Bill Pay & Customer Service Christiansburg Bill Pay & Customer Service The Town does not provide the following services. Figure 9 - UTF historical returns (morningstar.com). Part of the reason I believe why investors are willing to pay such a high premium for the GUT fund is due to Mr. Gabelli's reputation. A few months ago, I wrote a cautious article on the Gabelli Global Utility & Income Trust (GLU), warning that with poor returns and a high distribution yield, the GLU CEF is a classic example of an amortizing 'return of principal' fund. You may also pay with an eCheck. Check out the great programs with Parks and Recreation and dont forget to take advantage of our state-of-the-art Aquatic Center. A bird's-eye view of upcoming work zones and ongoing capital projects. Residents also have a number of options for out of town travel. Figure 6 - GUT's distribution is funded from ROC (GUT 2022 annual report). christiansburg .org/payutility. Although the GUT fund's performance has been solid, with 10Yr average annual return on NAV of 6.7%, it simply is not enough to fund its 18.5% of NAV distribution yield. Wassertrdingen in Bavaria, Deutschland However, while browsing through the Gabelli website, I came across the Gabelli Utility Trust (NYSE:GUT), and I felt compelled to write an article on the fund, as it trades at a 113% premium to NAV. Figure 8 - GUT fund trades at 113% premium to NAV (cefconnect.com). Please disable your ad-blocker and refresh. 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Call: 540-382-9519 Email: Email the Town (please include your account name and requested pickup location in your email) Find more information about solid waste collection, read more. I have no business relationship with any company whose stock is mentioned in this article. The $44 mil. The Town of Christiansburg accepts payments using Visa, MasterCard or Discover. Sector-wise, the GUT fund is primarily invested in Electric Utilities and other infrastructure assets as designed.
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