UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-09243
-------------------------------------
The Gabelli Utility Trust
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(Exact name of registrant as specified in charter)
One Corporate Center
Rye, NY
10580-1422
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(Address of principal executive offices) (Zip code)
Bruce N. Alpert
Gabelli Funds, LLC
One Corporate Center
Rye, NY 10580-1422
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(Name and address of agent for service)
Registrant's telephone number, including area code: 1-800-422-3554
-------------------------
Date of fiscal year end: December 31
----------------
Date of reporting period: July 1, 2003 - June 30, 2004
----------------------------
Form N-PX is to be used by a registered management investment company, other
than a small business investment company registered on Form N-5 (ss.ss. 239.24
and 274.5 of this chapter), to file reports with the Commission, not later than
August 31 of each year, containing the registrant's proxy voting record for the
most recent twelve-month period ended June 30, pursuant to section 30 of the
Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4).
The Commission may use the information provided on Form N-PX in its regulatory,
disclosure review, inspection, and policymaking roles.
A registrant is required to disclose the information specified by Form N-PX, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-PX unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington,
DC 20549-0609. The OMB has reviewed this collection of information under the
clearance requirements of 44 U.S.C. ss. 3507.
PROXY VOTING RECORD
FOR PERIOD JULY 1, 2003 TO JUNE 30, 2004
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GENERAL MOTORS CORPORATION GMH Consent Meeting Date: 10/03/2003
Issuer: 370442 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
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01 APPROVAL OF THE FIRST GM CHARTER AMENDMENT Management For No No
02 RATIFICATION OF THE NEW HUGHES CERTIFICATE OF Management For No No
INCORPORATION
03 RATIFICATION OF THE HUGHES SPLIT-OFF, INCLUDING Management For No No
THE SPECIAL DIVIDEND
04 RATIFICATION OF THE GM/NEWS STOCK SALE Management For No No
05 RATIFICATION OF THE NEWS STOCK ACQUISITION Management For No No
06 APPROVAL OF THE SECOND GM CHARTER AMENDMENT Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
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GABELLI UTILITY TRUST B01GETF0037002B 832 50,000 50,000 09/29/2003
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FRANCE TELECOM FTE Special Meeting Date: 10/06/2003
Issuer: 35177Q ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
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O1 MODIFICATION TO THE DELEGATION TO THE BOARD OF Management For No No
DIRECTORS TO BUY, KEEP OR TRANSFER FRANCE TELECOM
SHARES AS GRANTED BY THE SHAREHOLDERS IN THEIR ORDINARY
GENERAL MEETING ON MAY 27, 2003.
E2 DELEGATION TO THE BOARD OF DIRECTORS TO ISSUE Management For No No
SHARES RESERVED FOR THE HOLDERS OF ORANGE SHARES
SUBSCRIBED TO OR HELD PURSUANT TO AN ORANGE STOCK OPTION
OR SHARE PURCHASE PLAN, OR THE SHARE PURCHASE PLAN , THE
ORANGE SENIOR DISCRETIONARY SHARE PLAN AND THE
RESTRICTED SHARE PLAN , WHO HAVE SIGNED A LIQUIDITY
CONTRACT WITH FRANCE TELECOM.
E3 DELEGATION TO THE BOARD OF DIRECTORS TO INCREASE Shareholder For No No
THE CAPITAL FOR THE BENEFIT OF MEMBERS OF A FRANCE
TELECOM GROUP COMPANY SAVINGS PLAN.
E4 POWERS. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
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GABELLI UTILITY TRUST B01GETF0037002B 105 2,000 2,000 09/29/2003
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SOUTHERN UNION COMPANY SUG Annual Meeting Date: 11/04/2003
Issuer: 844030 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 PROPOSAL TO APPROVE THE SOUTHERN UNION COMPANY Management For No No
2003 STOCK AND INCENTIVE PLAN.
03 PROPOSAL TO APPROVE THE SOUTHERN UNION COMPANY Management For No No
EXECUTIVE INCENTIVE BONUS PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
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GABELLI UTILITY TRUST B01GETF0037002B 106 107,694 107,694 10/29/2003
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ALLEGHENY ENERGY, INC. AYE Annual Meeting Date: 11/14/2003
Issuer: 017361 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT ACCOUNTANTS.
03 SHAREHOLDER PROPOSAL REGARDING POISON PILLS. Shareholder For Yes No
04 SHAREHOLDER PROPOSAL REGARDING INDEXED OPTIONS. Shareholder Against No No
05 SHAREHOLDER PROPOSAL REGARDING PERFORMANCE-BASED Shareholder Against No No
STOCK OPTIONS.
06 SHAREHOLDER PROPOSAL REGARDING OPTION EXPENSING. Shareholder Against No No
07 SHAREHOLDER PROPOSAL REGARDING INDEPENDENT BOARD Shareholder Against No No
CHAIRMAN.
08 SHAREHOLDER PROPOSAL REGARDING ALLOW SIMPLE Shareholder Against No No
MAJORITY VOTE.
09 SHAREHOLDER PROPOSAL REGARDING ANNUAL ELECTION Shareholder Against No No
OF DIRECTORS.
10 SHAREHOLDER PROPOSAL REGARDING AUDITOR FEES. Shareholder Against No No
11 SHAREHOLDER PROPOSAL REGARDING REINCORPORATION Shareholder Against No No
.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
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GABELLI UTILITY TRUST B01GETF0037002B 106 220,000 220,000 11/11/2003
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DELTA NATURAL GAS COMPANY, INC. DGAS Annual Meeting Date: 11/20/2003
Issuer: 247748 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
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GABELLI UTILITY TRUST B01GETF0037002B 106 29,700 29,700 11/18/2003
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RGC RESOURCES, INC. RGCO Annual Meeting Date: 01/26/2004
Issuer: 74955L ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO RATIFY THE SELECTION OF DELOITTE & TOUCHE Management For No No
LLP AS INDEPENDENT AUDITORS.
03 AUTHORIZE PROXIES TO VOTE ON SUCH OTHER BUSINESS, Management For No No
IF ANY, THAT MAY PROPERLY COME BEFORE THE MEETING.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 3,000 3,000 01/16/2004
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CASCADE NATURAL GAS CORPORATION CGC Annual Meeting Date: 01/28/2004
Issuer: 147339 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 CONSIDER AND ACT UPON THE PROPOSED INCREASE OF Management For No No
35,000 SHARES IN THE NUMBER OF SHARES AUTHORIZED
FOR ISSUANCE UNDER THE 2000 DIRECTOR STOCK AWARD
PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
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GABELLI UTILITY TRUST B01GETF0037002B 105 15,000 15,000 01/21/2004
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ENERGYSOUTH, INC. ENSI Annual Meeting Date: 01/30/2004
Issuer: 292970 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF 2004 AMENDMENT OF RESTATED ARTICLES Management For No No
OF INCORPORATION
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 1,000 1,000 01/23/2004
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ATMOS ENERGY CORPORATION ATO Annual Meeting Date: 02/11/2004
Issuer: 049560 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 3,000 3,000 01/27/2004
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NATIONAL FUEL GAS COMPANY NFG Annual Meeting Date: 02/19/2004
Issuer: 636180 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPOINTMENT OF INDEPENDENT ACCOUNTANTS. Management For No No
03 ADOPTION OF, IF PRESENTED AT THE MEETING, A SHAREHOLDER Shareholder Against No No
PROPOSAL.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 41,000 41,000 02/03/2004
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PEOPLES ENERGY CORPORATION PGL Annual Meeting Date: 02/27/2004
Issuer: 711030 ISIN:
SEDOL:
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Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF THE 2004 INCENTIVE COMPENSATION PLAN. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 19,000 19,000 02/24/2004
------------------------------------------------------------------------------------------------------------------------------------
PIEDMONT NATURAL GAS COMPANY, INC. PNY Annual Meeting Date: 02/27/2004
Issuer: 720186 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF SELECTION OF DELOITTE & TOUCHE Management For No No
LLP AS INDEPENDENT AUDITORS.
03 APPROVAL OF EXECUTIVE LONG-TERM INCENTIVE PLAN. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 15,000 15,000 02/24/2004
------------------------------------------------------------------------------------------------------------------------------------
THE DIAL CORPORATION DL Special Meeting Date: 03/24/2004
Issuer: 25247D ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 ADOPTION OF THE AGREEMENT AND PLAN OF MERGER, Management For No No
DATED AS OF DECEMBER 14, 2003, BY AND AMONG HENKEL
KGAA, HENKEL MERGER CORPORATION AND THE DIAL CORPORATION.
02 IN THEIR DISCRETION, THE NAMED PROXIES ARE AUTHORIZED Management For No No
TO VOTE ON SUCH OTHER BUSINESS AS MAY PROPERLY
COME BEFORE THE SPECIAL MEETING, INCLUDING ANY
ADJOURNMENTS, POSTPONEMENTS OR CONTINUATIONS THEREOF.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 100,000 100,000 03/18/2004
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UNISOURCE ENERGY CORPORATION UNS Special Meeting Date: 03/29/2004
Issuer: 909205 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 TO APPROVE THE AGREEMENT AND PLAN OF MERGER BETWEEN Management For No No
SAGUARO ACQUISITION CORP. AND UNISOURCE ENERGY
CORPORATION.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 231,000 231,000 03/19/2004
------------------------------------------------------------------------------------------------------------------------------------
FRANCE TELECOM FTE Special Meeting Date: 04/09/2004
Issuer: 35177Q ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
O1 APPROVAL OF THE ANNUAL ACCOUNTS FOR THE FISCAL Management For No No
YEAR ENDED DECEMBER 31, 2003.
O2 APPROVAL OF CONSOLIDATED ACCOUNTS FOR THE FISCAL Management For No No
YEAR ENDED 31 DECEMBER 2003.
O3 ALLOCATION OF THE RESULTS FOR THE YEAR ENDED Management For No No
DECEMBER 31, 2003, AS SHOWN IN THE ANNUAL ACCOUNTS,
AND DISTRIBUTION.
O4 APPROVAL OF THE AGREEMENTS REFERRED TO IN ARTICLE Management For No No
L 225-38 OF THE COMMERCIAL CODE.
O5 DELEGATION TO THE BOARD OF DIRECTORS TO BUY, Management For No No
KEEP OR TRANSFER FRANCE TELECOM SHARES.
E6 FIXING THE ISSUE PRICE OF SECURITIES WHICH DO Management For No No
NOT CONFER ON THEIR HOLDERS THE SAME RIGHTS AS
ORDINARY SHARES.
E7 AMENDMENT OF ARTICLES 1, 2 AND 7 OF THE BY-LAWS Management For No No
TO BRING THEM INTO CONFORMITY WITH FRENCH LAW
NO. 90-568.
E8 AMENDMENT OF ARTICLE 13 OF THE BY-LAWS, RELATING Management For No No
TO THE BOARD OF DIRECTORS.
E9 AMENDMENT OF ARTICLES 14, 15, 17, 18 AND 19 OF Management For No No
THE BY-LAWS RELATING TO THE CHAIRMAN S POWERS
AND TO GENERAL MANAGEMENT.
E10 AMENDMENT OF THE BY-LAWS TO BRING THEM INTO CONFORMITY Management For No No
WITH THE PROVISIONS OF ARTICLE 55 OF DECREE NO.
67-236.
E11 AUTHORITY DELEGATED TO THE BOARD OF DIRECTORS Management For No No
TO ISSUE SHARES RESERVED FOR WANADOO S SHAREHOLDERS.
E12 DELEGATION TO THE BOARD OF DIRECTORS TO INCREASE Management For No No
THE CAPITAL FOR THE BENEFIT OF MEMBERS OF FRANCE
TELECOM COMPANY SAVINGS PLAN.
E13 POWERS Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 2,000 2,000 03/26/2004
------------------------------------------------------------------------------------------------------------------------------------
OTTER TAIL CORPORATION OTTR Annual Meeting Date: 04/12/2004
Issuer: 689648 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 THE RATIFICATION OF DELOITTE & TOUCHE LLP AS AUDITORS. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 12,000 12,000 04/02/2004
------------------------------------------------------------------------------------------------------------------------------------
NICOR INC. GAS Annual Meeting Date: 04/15/2004
Issuer: 654086 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Management For No No
PUBLIC ACCOUNTANTS IN 2004.
03 SHAREHOLDER PROPOSAL CONCERNING THE SHAREHOLDER Shareholder For Yes No
RIGHTS PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 90,000 90,000 04/02/2004
------------------------------------------------------------------------------------------------------------------------------------
UNITIL CORPORATION UTL Annual Meeting Date: 04/15/2004
Issuer: 913259 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 25,000 25,000 03/31/2004
------------------------------------------------------------------------------------------------------------------------------------
PG&E CORPORATION PCG Annual Meeting Date: 04/21/2004
Issuer: 69331C ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT PUBLIC Management For No No
ACCOUNTANTS
03 POISON PILL Shareholder For Yes No
04 GOLDEN PARACHUTES Shareholder Against No No
05 LINK-FREE DIRECTORS Shareholder Against No No
06 RADIOACTIVE WASTES Shareholder Against No No
07 SEPARATE CHAIRMAN/CEO Shareholder Against No No
08 EXECUTIVE COMPENSATION Shareholder Against No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 50,000 50,000 04/15/2004
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THE EMPIRE DISTRICT ELECTRIC COMPANY EDE Annual Meeting Date: 04/22/2004
Issuer: 291641 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 13,000 13,000 04/15/2004
------------------------------------------------------------------------------------------------------------------------------------
CINCINNATI BELL INC. CBB Annual Meeting Date: 04/23/2004
Issuer: 171871 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 130,000 130,000 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
CLECO CORPORATION CNL Annual Meeting Date: 04/23/2004
Issuer: 12561W ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 20,000 20,000 04/23/2004
------------------------------------------------------------------------------------------------------------------------------------
CONNECTICUT WATER SERVICE, INC. CTWS Annual Meeting Date: 04/23/2004
Issuer: 207797 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT AUDITORS FOR THE YEAR 2004.
03 AMENDMENT TO THE AMENDED AND RESTATED CERTIFICATE Shareholder For No No
OF INCORPORATION.
04 2004 PERFORMANCE STOCK PROGRAM. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 7,500 7,500 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
DOMINION RESOURCES, INC. D Annual Meeting Date: 04/23/2004
Issuer: 25746U ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RETENTION OF AUDITORS Management For No No
03 SHAREHOLDER PROPOSAL Shareholder Against No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 2,000 2,000 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
PENNICHUCK CORPORATION PNNW Annual Meeting Date: 04/23/2004
Issuer: 708254 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS THE COMPANY S INDEPENDENT PUBLIC ACCOUNTANTS
FOR THE YEAR ENDING DECEMBER 31, 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 206 13,066 13,066 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORPORATION BLS Annual Meeting Date: 04/26/2004
Issuer: 079860 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFY THE INDEPENDENT AUDITOR Management For No No
03 APPROVE AMENDMENT TO ELECT DIRECTORS ANNUALLY Management For No No
04 APPROVE THE STOCK AND INCENTIVE COMPENSATION Management For No No
PLAN
05 SHAREHOLDER PROPOSAL RE: EXECUTIVE COMPENSATION Shareholder Against No No
06 SHAREHOLDER PROPOSAL RE: CEO COMPENSATION Shareholder Against No No
07 SHAREHOLDER PROPOSAL RE: DISCLOSURE OF POLITICAL Shareholder Against No No
CONTRIBUTIONS
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 30,000 30,000 04/23/2004
------------------------------------------------------------------------------------------------------------------------------------
AMEREN CORPORATION AEE Annual Meeting Date: 04/27/2004
Issuer: 023608 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITORS Management For No No
03 REPORT ON STORAGE OF IRRADIATED FUEL RODS AT Shareholder Against No No
CALLAWAY
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 10,000 10,000 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC POWER COMPANY, INC AEP Annual Meeting Date: 04/27/2004
Issuer: 025537 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF INDEPENDENT AUDITORS Management For No No
03 SHAREHOLDER PROPOSAL REGARDING SEVERENCE AGREEMENTS Shareholder Against No No
FOR EXECUTIVES
04 SHAREHOLDER PROPOSAL REGARDING SUPPLEMENTAL EXECUTIVE Shareholder Against No No
RETIREMENT PLANS
05 SHAREHOLDER PROPOSAL ALLOWING INDEPENDENT AUDITORS Shareholder Against No No
TO PERFORM ONLY AUDIT AND AUDIT RELATED WORK
06 SHAREHOLDER PROPOSAL REGARDING TERM LIMITS FOR Shareholder Against No No
DIRECTORS
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 30,000 30,000 04/26/2004
------------------------------------------------------------------------------------------------------------------------------------
CH ENERGY GROUP, INC. CHG Annual Meeting Date: 04/27/2004
Issuer: 12541M ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 52,000 52,000 04/23/2004
------------------------------------------------------------------------------------------------------------------------------------
AGL RESOURCES INC. ATG Annual Meeting Date: 04/28/2004
Issuer: 001204 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 25,000 25,000 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
CALIFORNIA WATER SERVICE GROUP CWT Annual Meeting Date: 04/28/2004
Issuer: 130788 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 PROPOSAL TO RATIFY THE APPOINTMENT OF KPMG LLP, Management For No No
AS THE INDEPENDENT AUDITORS OF THE GROUP FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 20,520 20,520 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
TECO ENERGY, INC. TE Annual Meeting Date: 04/28/2004
Issuer: 872375 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
A DIRECTOR Management For No No
B APPROVAL OF 2004 EQUITY INCENTIVE PLAN Management For No No
C RATIFICATION OF THE CORPORATION S INDEPENDENT Management For No No
AUDITOR
D1 SHAREHOLDER PROPOSAL: EXECUTIVE COMPENSATION Shareholder Against No No
CHANGES
D2 SHAREHOLDER PROPOSAL: EXPENSING OF STOCK OPTIONS Shareholder Against No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 115,000 115,000 04/08/2004
------------------------------------------------------------------------------------------------------------------------------------
THE AES CORPORATION AES Annual Meeting Date: 04/28/2004
Issuer: 00130H ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF THE INDEPENDENT AUDITOR (DELOITTE Management For No No
& TOUCHE LLP)
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 240,000 240,000 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
VECTREN CORPORATION VVC Annual Meeting Date: 04/28/2004
Issuer: 92240G ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE, Management For No No
LLP AS INDEPENDENT AUDITORS FOR 2004.
03 ADOPTION OF A SHAREHOLDER PROPOSAL CONCERNING Shareholder Against No No
OPTION EXPENSING.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 10,000 10,000 04/21/2004
------------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS INC. VZ Annual Meeting Date: 04/28/2004
Issuer: 92343V ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF INDEPENDENT AUDITOR Management For No No
03 CUMULATIVE VOTING Shareholder Against No No
04 BOARD COMPOSITION Shareholder Against No No
05 SEPARATE CHAIRMAN AND CEO Shareholder Against No No
06 FUTURE POISON PILL Shareholder For Yes No
07 SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS Shareholder Against No No
08 OPTIONS OR STOCK GRANTS BASED ON TRACKING STOCK Management Against No No
09 DIVERSITY REPORT ON OPTION GRANTS TO EMPLOYEES Management Against No No
10 REPORT ON POLITICAL CONTRIBUTIONS Shareholder Against No No
11 COLLECTION OF UNIVERSAL SERVICE AND NUMBER PORTABILIY Shareholder Against No No
FEES
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 104 45,000 45,000 04/20/2004
------------------------------------------------------------------------------------------------------------------------------------
D&E COMMUNICATIONS, INC. DECC Annual Meeting Date: 04/29/2004
Issuer: 232860 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 AMENDMENT OF THE COMPANY S ARTICLES OF INCORPORATION Shareholder For No No
TO INCREASE THE NUMBER OF THE COMPANY S AUTHORIZED
COMMON SHARES FROM THIRTY MILLION SHARES TO ONE
HUNDRED MILLION SHARES.
03 RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS Management For No No
THE COMPANY S INDEPENDENT ACCOUNTANTS FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 10,000 10,000 04/08/2004
------------------------------------------------------------------------------------------------------------------------------------
DTE ENERGY COMPANY DTE Annual Meeting Date: 04/29/2004
Issuer: 233331 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 INDEPENDENT AUDITORS Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 25,000 25,000 04/26/2004
------------------------------------------------------------------------------------------------------------------------------------
NSTAR NST Annual Meeting Date: 04/29/2004
Issuer: 67019E ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 SHAREHOLDER PROPOSAL REGARDING CHARITABLE CONTRIBUTION Shareholder Against No No
DISCLOSURE.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 75,000 75,000 04/26/2004
------------------------------------------------------------------------------------------------------------------------------------
SCANA CORPORATION SCG Annual Meeting Date: 04/29/2004
Issuer: 80589M ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF AMENDED DIRECTOR COMPENSATION AND Management For No No
DEFERRAL PLAN
03 APPROVAL OF APPOINTMENT OF INDEPENDENT AUDITORS Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 55,000 55,000 04/26/2004
------------------------------------------------------------------------------------------------------------------------------------
SJW CORP. SJW Annual Meeting Date: 04/29/2004
Issuer: 784305 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 AMEND THE CORPORATION S BY-LAWS TO ESTABLISH Management For No No
THE PERMISSIBLE SIZE OF THE BOARD OF DIRECTORS
AS A RANGE FROM SEVEN TO ELEVEN DIRECTORS, AND SET THE
SPECIFIC NUMBER OF DIRECTORS AT EIGHT.
02 DIRECTOR Management For No No
03 RATIFY THE SELECTION OF KPMG LLP AS INDEPENDENT Management For No No
AUDITOR OF THE CORPORATION.
04 AUTHORIZE THE PROXY HOLDERS TO VOTE UPON SUCH Management For No No
OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE
ANNUAL MEETING OR ANY POSTPONEMENT OR ADJOURNMENT
THEREOF.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 104 54,000 54,000 04/02/2004
------------------------------------------------------------------------------------------------------------------------------------
SIERRA PACIFIC RESOURCES SRP Annual Meeting Date: 05/03/2004
Issuer: 826428 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO APPROVE A RENEWAL OF THE EXECUTIVE LONG-TERM Management For No No
INCENTIVE PLAN.
03 TO ADOPT A SHAREHOLDER PROPOSAL REQUESTING DIRECTORS Shareholder For Yes No
TO SUBMIT TO SHAREHOLDER APPROVAL AT THE EARLIEST
PRACTICABLE TIME ANY DECISION TO MAINTAIN, CONTINUE,
OR ADOPT A SHAREHOLDER RIGHTS PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 104 30,000 30,000 04/30/2004
------------------------------------------------------------------------------------------------------------------------------------
THE YORK WATER COMPANY YORW Annual Meeting Date: 05/03/2004
Issuer: 987184 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPOINT BEARD MILLER, LLP AS AUDITORS. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 6,000 6,000 04/30/2004
------------------------------------------------------------------------------------------------------------------------------------
CENTRAL VERMONT PUBLIC SERVICE CORP. CV Annual Meeting Date: 05/04/2004
Issuer: 155771 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 25,000 25,000 04/28/2004
------------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP. CIN Annual Meeting Date: 05/04/2004
Issuer: 172474 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS THE Management For No No
COMPANY S INDEPENDENT AUDITORS.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 55,000 55,000 04/28/2004
------------------------------------------------------------------------------------------------------------------------------------
GREAT PLAINS ENERGY INCORPORATED GXP Annual Meeting Date: 05/04/2004
Issuer: 391164 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF APPOINTMENT OF DELOITTE & TOUCHE Management For No No
LLP AS INDEPENDENT AUDITORS FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 60,000 60,000 04/02/2004
------------------------------------------------------------------------------------------------------------------------------------
PUGET ENERGY, INC. PSD Annual Meeting Date: 05/04/2004
Issuer: 745310 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 20,000 20,000 04/28/2004
------------------------------------------------------------------------------------------------------------------------------------
AQUILA, INC. ILA Annual Meeting Date: 05/05/2004
Issuer: 03840P ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 270,000 270,000 04/29/2004
------------------------------------------------------------------------------------------------------------------------------------
EL PASO ELECTRIC COMPANY EE Annual Meeting Date: 05/05/2004
Issuer: 283677 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 854 160,000 160,000 04/08/2004
------------------------------------------------------------------------------------------------------------------------------------
WISCONSIN ENERGY CORPORATION WEC Annual Meeting Date: 05/05/2004
Issuer: 976657 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVE AMENDING THE BYLAWS TO DECLASSIFY THE Management For No No
BOARD AND ALLOW FOR ANNUAL ELECTION OF ALL DIRECTORS.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 25,000 25,000 04/29/2004
------------------------------------------------------------------------------------------------------------------------------------
CENTURYTEL, INC. CTL Annual Meeting Date: 05/06/2004
Issuer: 156700 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO RATIFY THE SELECTION OF KPMG LLP AS THE COMPANY Management For No No
S INDEPENDENT AUDITOR FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 40,000 40,000 04/08/2004
------------------------------------------------------------------------------------------------------------------------------------
CHESAPEAKE UTILITIES CORPORATION CPK Annual Meeting Date: 05/06/2004
Issuer: 165303 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 3,000 3,000 04/30/2004
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST GAS CORPORATION SWX Annual Meeting Date: 05/06/2004
Issuer: 844895 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management Cumulated votes For No
Michael Melarkey
and Sal Zizza who
was nominated from
the floor
02 TO APPROVE THE AMENDED AND RESTATED MANAGEMENT Management Against Yes No
INCENTIVE PLAN.
03 TO RATIFY THE SELECTION OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT PUBLIC ACCOUNTANTS OF THE COMPANY.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 150,000 150,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
UNISOURCE ENERGY CORPORATION UNS Annual Meeting Date: 05/07/2004
Issuer: 909205 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 233,000 233,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
ALLETE, INC. ALE Annual Meeting Date: 05/11/2004
Issuer: 018522 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT AUDITORS.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 13,000 13,000 05/07/2004
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN STATES WATER COMPANY AWR Annual Meeting Date: 05/11/2004
Issuer: 029899 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO APPROVE THE 2003 NON-EMPLOYEE DIRECTORS STOCK Management For No No
PLAN
03 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS, Management For No No
LLP AS THE INDEPENDENT AUDITORS
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 12,000 12,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
BIW LIMITED BIW Annual Meeting Date: 05/11/2004
Issuer: 05547U ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO CONSIDER AND VOTE ON THE APPROVAL OF DWORKEN, Management For No No
HILLMAN, LAMORTE & STERCZALA, P.C. AS THE COMPANY
S INDEPENDENT AUDITORS FOR THE YEAR ENDING DECEMBER
31, 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 20,500 20,500 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
MAINE AND MARITIMES CORP MAM Annual Meeting Date: 05/11/2004
Issuer: 560377 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 AMENDING THE COMPANY S CHARTER TO INCREASE THE Management For No No
MAXIMUM AGE DIRECTORS MAY STAND FOR ELECTION
TO 78.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 60,000 60,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
MGE ENERGY, INC. MGEE Annual Meeting Date: 05/11/2004
Issuer: 55277P ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 104 50,000 50,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC. NI Annual Meeting Date: 05/11/2004
Issuer: 65473P ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF INDEPENDENT PUBLIC ACCOUNTANTS. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 5,000 5,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST UTILITIES NU Annual Meeting Date: 05/11/2004
Issuer: 664397 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Management For No No
AUDITORS FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 170,000 170,000 05/06/2004
------------------------------------------------------------------------------------------------------------------------------------
PROGRESS ENERGY, INC. PGN Annual Meeting Date: 05/12/2004
Issuer: 743263 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 SHAREHOLDER PROPOSAL RELATING TO STOCK OPTIONS Shareholder For Yes No
FOR DIRECTORS AND CERTAIN EXECUTIVE OFFICERS
AS SET FORTH IN THE PROXY STATEMENT.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 95,000 95,000 05/10/2004
------------------------------------------------------------------------------------------------------------------------------------
UIL HOLDINGS CORPORATION UIL Annual Meeting Date: 05/12/2004
Issuer: 902748 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF THE SELECTION OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS UIL HOLDINGS CORPORATION S INDEPENDENT
PUBLIC ACCOUNTANTS FOR 2004.
03 PROPOSAL TO APPROVE THE UIL HOLDINGS CORPORATION Management For No No
SENIOR EXECUTIVE INCENTIVE COMPENSATION PROGRAM.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 22,000 22,000 05/11/2004
------------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY ENERGY, INC. AYE Annual Meeting Date: 05/13/2004
Issuer: 017361 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF ELIMINATION OF CUMULATIVE VOTING Management Against Yes No
IN THE ELECTION OF DIRECTORS.
03 APPROVAL OF DIRECTOR EQUITY COMPENSATION PLAN. Management For No No
04 APPROVAL OF ANNUAL INCENTIVE PLAN. Management For No No
05 RATIFICATION OF APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT AUDITORS.
06 STOCKHOLDER PROPOSAL REGARDING SIMPLE MAJORITY Management For No No
VOTE.
07 STOCKHOLDER PROPOSAL REGARDING SHAREHOLDER INPUT Management For No No
ON POISON PILLS.
08 STOCKHOLDER PROPOSAL TO ELECT EACH DIRECTOR ANNUALLY. Management For No No
09 STOCKHOLDER PROPOSAL REGARDING INDEPENDENT BOARD Shareholder Against No No
CHAIRMAN.
10 STOCKHOLDER PROPOSAL REGARDING EXPENSING STOCK Shareholder Against No No
OPTIONS.
11 STOCKHOLDER PROPOSAL REGARDING RETENTION OF Shareholder Against No No
STOCK OBTAINED THROUGH OPTIONS.
12 STOCKHOLDER PROPOSAL REGARDING AUDITOR FEES. Shareholder Against No No
13 STOCKHOLDER PROPOSAL REGARDING PRE-EMPTIVE RIGHTS. Shareholder For Yes No
14 STOCKHOLDER PROPOSAL REGARDING REINCORPORATION Shareholder Against No No
IN DELAWARE.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 349,400 349,400 05/12/2004
------------------------------------------------------------------------------------------------------------------------------------
AVISTA CORP. AVA Annual Meeting Date: 05/13/2004
Issuer: 05379B ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF THE APPOINTMENT OF THE FIRM OF Management For No No
DELOITTE & TOUCHE LLP AS INDEPENDENT AUDITORS
OF THE COMPANY FOR 2004.
03 REAPPROVAL OF MATERIAL TERMS OF PERFORMANCE GOALS Management For No No
UNDER THE COMPANY S LONG-TERM INCENTIVE PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 500 500 05/11/2004
------------------------------------------------------------------------------------------------------------------------------------
DUKE ENERGY CORPORATION DUK Annual Meeting Date: 05/13/2004
Issuer: 264399 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS DUKE Management For No No
ENERGY S INDEPENDENT AUDITORS FOR 2004.
03 A SHAREHOLDER PROPOSAL RELATING TO DECLASSIFICATION Shareholder Against No No
OF DUKE ENERGY S BOARD OF DIRECTORS, IF PROPERLY
PRESENTED AT THE ANNUAL MEETING.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 165,000 165,000 05/11/2004
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST WATER COMPANY SWWC Annual Meeting Date: 05/13/2004
Issuer: 845331 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO APPROVE AN AMENDMENT TO THE COMPANY S AMENDED Shareholder For No No
AND RESTATED CERTIFICATE OF INCORPORATION INCREASING THE
NUMBER OF AUTHORIZED SHARES OF COMMON STOCK FROM
25,000,000 TO 75,000,000.
03 TO APPROVE AN AMENDMENT TO THE AMENDED AND RESTATED Management For No No
STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS,
AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 7,349 7,349 05/12/2004
------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORPORATION ETR Annual Meeting Date: 05/14/2004
Issuer: 29364G ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF EXTERNAL AUDITORS. Management For No No
03 STOCKHOLDER PROPOSAL REGARDING LIMITING BENEFITS Management Against Yes No
PAYABLE UNDER SEVERANCE AGREEMENTS.
04 STOCKHOLDER PROPOSAL REGARDING CUMULATIVE VOTING. Shareholder Against No No
05 STOCKHOLDER PROPOSAL REGARDING COMPENSATION FOR Shareholder Against No No
THE TOP FIVE EXECUTIVES.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 4,000 4,000 05/12/2004
------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED EDISON, INC. ED Annual Meeting Date: 05/17/2004
Issuer: 209115 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF APPOINTMENT OF INDEPENDENT ACCOUNTANTS. Management For No No
03 APPROVAL OF STOCK PURCHASE PLAN. Management For No No
04 ADDITIONAL COMPENSATION INFORMATION. Shareholder Against No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 104 5,000 5,000 05/12/2004
------------------------------------------------------------------------------------------------------------------------------------
CITIZENS COMMUNICATIONS COMPANY CZN Annual Meeting Date: 05/18/2004
Issuer: 17453B ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVE THE RATIFICATION OF KPMG LLP AS OUR INDEPENDENT Management For No No
PUBLIC ACCOUNTANTS FOR 2004.
03 STOCKHOLDER PROPOSAL REQUESTING THAT THE BOARD Shareholder Against No No
OF DIRECTORS ADOPT A FORMAL WRITTEN POLICY THAT
WOULD REQUIRE STOCKHOLDER APPROVAL OF FUTURE
SEVERANCE AGREEMENTS WITH SENIOR EXECUTIVES.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 90,000 90,000 05/13/2004
------------------------------------------------------------------------------------------------------------------------------------
DEUTSCHE TELEKOM AG DT Annual Meeting Date: 05/18/2004
Issuer: 251566 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
02 APPROVAL OF THE RESOLUTION ON THE APPROPRIATION Management For No No
OF NET INCOME.
03 APPROVAL OF ACTIONS BY THE BOARD OF MANAGEMENT Management For No No
FOR THE FINANCIAL YEAR 2003.
04 APPROVAL OF ACTIONS BY THE SUPERVISORY BOARD Management For No No
FOR THE FINANCIAL YEAR 2003.
05 APPROVAL TO APPOINT INDEPENDENT AUDITOR AND GROUP Management For No No
AUDITOR FOR THE 2004 FINANCIAL YEAR.
06 APPROVAL OF THE RESOLUTION AUTHORIZING THE COMPANY Management For No No
TO PURCHASE AND USE ITS OWN SHARES.
07 APPROVAL OF THE RESOLUTION ON PARTIAL REVOCATION Management For No No
OF AS YET UNUSED PART OF AUTHORIZATION TO GRANT
SUBSCRIPTION RIGHTS.
08 APPROVAL OF THE RESOLUTION ON THE CANCELLATION Shareholder For No No
OF THE APPROVED CAPITAL 2000 AND THE CREATION OF NEW
APPROVED CAPITAL 2004.
09 APPROVAL TO CONCLUDE A PROFIT AND LOSS TRANSFER Management For No No
AGREEMENT WITH T-PUNKT VERTRIEBSGESELLSCHAFT MBH.
10 APPROVAL TO CONCLUDE A PROFIT AND LOSS TRANSFER Management For No No
AGREEMENT WITH TRAVIATA TELEKOMMUNIKATIONSDIENSTE
GMBH.
11 APPROVAL TO CONCLUDE A PROFIT AND LOSS TRANSFER Management For No No
AGREEMENT WITH NORMA TELEKOMMUNIKATIONSDIENSTE
GMBH.
12 APPROVAL TO CONCLUDE A PROFIT AND LOSS TRANSFER Management For No No
AGREEMENT WITH CARMEN TELEKOMMUNIKATIONSDIENSTE
GMBH.
13 APPROVAL OF THE RESOLUTION ON THE AMENDMENT OF Management For No No
SECTION 13 OF THE ARTICLES OF INCORPORATION.
14 APPROVAL OF THE RESOLUTION ON THE AMENDMENT OF Management For No No
SECTION 14 OF THE ARTICLES OF INCORPORATION.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 4,000 4,000 05/04/2004
------------------------------------------------------------------------------------------------------------------------------------
FIRSTENERGY CORP. FE Annual Meeting Date: 05/18/2004
Issuer: 337932 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 35,979 Unvoted
------------------------------------------------------------------------------------------------------------------------------------
PNM RESOURCES, INC. PNM Annual Meeting Date: 05/18/2004
Issuer: 69349H ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE Management For No No
LLP AS INDEPENDENT ACCOUNTANTS FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 10,000 10,000 05/13/2004
------------------------------------------------------------------------------------------------------------------------------------
WESTAR ENERGY, INC. WR Annual Meeting Date: 05/18/2004
Issuer: 95709T ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION AND CONFIRMATION OF DELOITTE & TOUCHE Management For No No
LLP AS COMPANY AUDITORS
03 SHAREHOLDER PROPOSAL REGARDING THE PROCESS FOR Shareholder Against No No
NOMINATION OF A DIRECTOR
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 215,000 215,000 05/14/2004
------------------------------------------------------------------------------------------------------------------------------------
AT&T WIRELESS SERVICES, INC. AWE Annual Meeting Date: 05/19/2004
Issuer: 00209A ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 APPROVE AND ADOPT THE AGREEMENT AND PLAN OF MERGER, Management For No No
DATED AS OF FEBRUARY 17, 2004, BY AND AMONG AT&T
WIRELESS SERVICES, INC., CINGULAR WIRELESS CORPORATION,
CINGULAR WIRELESS LLC, AND SOLELY WITH RESPECT
TO SECTION 5.3, 6.1(B) AND ARTICLE IX OF THE
AGREEMENT AND PLAN OF MERGER, SBC COMMUNICATIONS
INC. AND BELLSOUTH CORPORATION.
02 DIRECTOR Management For No No
03 RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS OUR INDEPENDENT AUDITORS.
04 VOTE ON SHAREHOLDER PROPOSAL ON EXECUTIVE COMPENSATION Shareholder Against No No
PROGRAM.
05 VOTE ON SHAREHOLDER PROPOSAL ON DISCONTINUING Shareholder Against No No
CERTAIN EXECUTIVE COMPENSATION.
06 VOTE ON SHAREHOLDER PROPOSAL ON VOTE REQUIREMENT Shareholder Against No No
FOR DIRECTOR ELECTIONS.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 400,000 400,000 05/14/2004
------------------------------------------------------------------------------------------------------------------------------------
COMMONWEALTH TELEPHONE ENTERPRISES, CTCO Annual Meeting Date: 05/19/2004
Issuer: 203349 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT ACCOUNTANTS OF THE COMPANY FOR THE
FISCAL YEAR ENDING DECEMBER 31, 2004.
03 APPROVAL TO ADOPT THE CTE NON-MANAGEMENT DIRECTORS Management For No No
STOCK COMPENSATION PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 10,000 10,000 05/13/2004
------------------------------------------------------------------------------------------------------------------------------------
MIDDLESEX WATER COMPANY MSEX Annual Meeting Date: 05/19/2004
Issuer: 596680 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVE THE APPOINTMENT OF DELOITTE & TOUCHE Management For No No
LLP AS AUDITORS FOR THE COMPANY FOR THE YEAR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 51,333 51,333 05/14/2004
------------------------------------------------------------------------------------------------------------------------------------
AQUA AMERICA, INC. WTR Annual Meeting Date: 05/20/2004
Issuer: 03836W ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF AN AMENDMENT TO AQUA AMERICA, INC. Shareholder For No No
S ARTICLES OF INCORPORATION INCREASING THE AUTHORIZED
SHARES OF AQUA AMERICA, INC. S COMMON STOCK, PAR VALUE
$.50 PER SHARE, FROM 100,000,000 SHARES TO 300,000,000
SHARES.
03 TO APPROVE THE 2004 EQUITY COMPENSATION PLAN. Management Against Yes No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 15,000 15,000 05/19/2004
------------------------------------------------------------------------------------------------------------------------------------
DYNEGY INC. DYN Annual Meeting Date: 05/20/2004
Issuer: 26816Q ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 PROPOSAL TO APPROVE THE CONVERTIBILITY OF THE Shareholder For No No
SERIES C CONVERTIBLE PREFERRED STOCK DUE 2033
INTO CLASS B COMMOM STOCK.
03 PROPOSAL TO APPROVE POTENTIAL ISSUANCES OF CLASS Shareholder For No No
B COMMON STOCK THAT MAY OCCUR THROUGH MAY 2009
UPON THE EXERCISE OF PREEMPTIVE RIGHTS PREVIOUSLY
GRANTED TO CUSA.
04 PROPOSAL TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT AUDITORS FOR DYNEGY FOR THE
FISCAL YEAR ENDING DECEMBER 31, 2004.
05 SHAREHOLDER PROPOSAL REGARDING PERFORMANCE-BASED Shareholder For Yes No
EQUITY COMPENSATION.
06 SHAREHOLDER PROPOSAL REGARDING PERFORMANCE AND Shareholder For Yes No
TIME-BASED RESTRICTED SHARES.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 40,000 40,000 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
EDISON INTERNATIONAL EIX Annual Meeting Date: 05/20/2004
Issuer: 281020 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 SHAREHOLDER PROPOSAL ON SHAREHOLDER RIGHTS AGREEMENT. Shareholder Against No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 107 95,000 95,000 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
GREEN MOUNTAIN POWER CORPORATION GMP Annual Meeting Date: 05/20/2004
Issuer: 393154 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 THE PROPOSAL TO RATIFY THE APPOINTMENT OF DELOITTE Management For No No
& TOUCHE AS THE INDEPENDENT ACCOUNTANTS FOR THE
COMPANY FOR 2004.
03 THE PROPOSAL TO AMEND AND RESTATE THE COMPANY Management For No No
S RESTATED ARTICLES OF ASSOCIATION.
04 THE PROPOSAL TO APPROVE THE 2004 STOCK INCENTIVE Management Against Yes No
PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 36,000 36,000 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
KEYSPAN CORPORATION KSE Annual Meeting Date: 05/20/2004
Issuer: 49337W ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF DELOITTE & TOUCHE LLP AS INDEPENDENT Management For No No
PUBLIC ACCOUNTANTS.
03 SHAREHOLDER PROPOSAL ON SHAREHOLDER RIGHTS PLAN. Shareholder For Yes No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 100,000 100,000 05/19/2004
------------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY CORP. OGE Annual Meeting Date: 05/20/2004
Issuer: 670837 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 101,000 101,000 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
ONEOK, INC. OKE Annual Meeting Date: 05/20/2004
Issuer: 682680 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO RATIFY AND APPROVE THE APPOINTMENT OF KPMG Management For No No
LLP AS INDEPENDENT AUDITOR OF THE CORPORATION
FOR THE 2004 FISCAL YEAR.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 103 70,000 70,000 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
XCEL ENERGY INC. XEL Annual Meeting Date: 05/20/2004
Issuer: 98389B ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 TO AMEND OUR BYLAWS TO ELIMINATE THE CLASSIFICATION Management For No No
OF THE BOARD OF DIRECTORS.
02 DIRECTOR Management For No No
03 TO APPROVE THE STOCK EQUIVALENT PLAN FOR NON-EMPLOYEE Management For No No
DIRECTORS.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 250,000 250,000 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
CONSTELLATION ENERGY GROUP, INC. CEG Annual Meeting Date: 05/21/2004
Issuer: 210371 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF PRICEWATERHOUSECOOPERS LLP AS Management For No No
INDEPENDENT AUDITORS FOR 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 75,000 75,000 05/19/2004
------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP, INC. FPL Annual Meeting Date: 05/21/2004
Issuer: 302571 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF THE APPOINTMENT OF DELOITTE & Management For No No
TOUCHE LLP AS AUDITORS.
03 APPROVAL OF THE AMENDED AND RESTATED LONG TERM Management For No No
INCENTIVE PLAN, IN AN AMENDED FORM.
04 APPROVAL OF THE ANNUAL INCENTIVE PLAN AS REQUIRED Management For No No
BY THE INTERNAL REVENUE CODE.
05 APPROVAL OF THE PERFORMANCE-BASED AWARDS PROVISIONS Management For No No
OF THE AMENDED AND RESTATED LONG TERM INCENTIVE
PLAN AS REQUIRED BY THE INTERNAL REVENUE CODE.
06 APPROVAL OF AN AMENDMENT TO THE RESTATED ARTICLES Shareholder For No No
OF INCORPORATION TO INCREASE THE NUMBER OF AUTHORIZED
SHARES OF COMMON STOCK.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 104 42,300 42,300 05/18/2004
------------------------------------------------------------------------------------------------------------------------------------
TXU CORP. TXU Annual Meeting Date: 05/21/2004
Issuer: 873168 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF AUDITORS - DELOITTE & TOUCHE LLP Management For No No
03 SHAREHOLDER PROPOSAL RELATED TO OFFICERS SALES Shareholder Against No No
OF RESTRICTED STOCK
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 108 35,000 35,000 05/19/2004
------------------------------------------------------------------------------------------------------------------------------------
SEMCO ENERGY, INC. SEN Annual Meeting Date: 05/24/2004
Issuer: 78412D ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO AUTHORIZE THE ISSUANCE OF SERIES B PREFERENCE Shareholder For No No
STOCK.
03 TO AMEND THE ARTICLES OF INCORPORATION TO INCREASE Shareholder For No No
THE NUMBER OF AUTHORIZED COMMON SHARES FROM 40,000,000
TO 100,000,000.
04 TO AMEND THE BYLAWS AS TO NUMBER OF DIRECTORS. Management For No No
05 TO APPROVE THE 2004 STOCK AWARD AND INCENTIVE Management For No No
PLAN.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 130,000 130,000 05/19/2004
------------------------------------------------------------------------------------------------------------------------------------
FLORIDA PUBLIC UTILITIES COMPANY FPU Annual Meeting Date: 05/25/2004
Issuer: 341135 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO RATIFY THE APPOINTMENT OD BDO SEIDMAN, LLP Management For No No
AS AUDITORS FOR THE COMPANY.
03 TO CONSIDER AND VOTE UPON A PROPOSAL TO APPROVE Shareholder For No No
AND ADOPT AN AMENDMENT TO THE COMPANY S CERTIFICATE
OF REINCORPORATION, TO INCREASE THE NUMBER OF AUTHORIZED
SHARES OF COMMON STOCK FROM 6,000,000 TO 10,000,000
SHARES.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 101 83,666 83,666 05/20/2004
------------------------------------------------------------------------------------------------------------------------------------
BCE INC. BCE Special Meeting Date: 05/26/2004
Issuer: 05534B ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPOINTING DELOITTE & TOUCHE LLP AS AUDITORS Management For No No
3A (SHAREHOLDER PROPOSAL NO. 1) DISCLOSE DIRECTORSHIPS Shareholder For No No
OF EACH NOMINEE DIRECTOR FOR PAST FIVE YEARS
3B (SHAREHOLDER PROPOSAL NO. 2) PROHIBIT THE CEO Shareholder Against No No
FROM SERVING ON THE BOARD OF ANOTHER LISTED COMPANY
3C (SHAREHOLDER PROPOSAL NO. 3) SUPPLEMENTAL DISCLOSURE Shareholder Against No No
OF EXECUTIVE PENSION PLANS
3D (SHAREHOLDER PROPOSAL NO. 4) REQUIRE ALL INSIDERS Shareholder Against No No
TO GIVE 10 DAYS NOTICE OF INTENT TO TRADE IN
ANY BCE SECURITIES
3E (SHAREHOLDER PROPOSAL NO. 5) PROHIBIT AUDITORS Shareholder Against No No
FROM PROVIDING ANY SERVICES OTHER THAN AUDIT
AND AUDIT-RELATED SERVICES
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 20,000 20,000 05/21/2004
------------------------------------------------------------------------------------------------------------------------------------
BLACK HILLS CORPORATION BKH Annual Meeting Date: 05/26/2004
Issuer: 092113 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFY THE APPOINTMENT OF DELOITTE & TOUCHE LLP Management For No No
TO SERVE AS BLACK HILLS CORPORATION S INDEPENDENT
AUDITORS IN 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 10,000 10,000 05/21/2004
------------------------------------------------------------------------------------------------------------------------------------
CALPINE CORPORATION CPN Annual Meeting Date: 05/26/2004
Issuer: 131347 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO ACT UPON A COMPANY PROPOSAL REGARDING THE Management For No No
AMENDMENT OF THE COMPANY S AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION.
03 TO ACT UPON A COMPANY PROPOSAL TO INCREASE THE Management Against Yes No
NUMBER OF SHARES IN THE 1996 STOCK INCENTIVE PLAN.
04 TO ACT UPON A COMPANY PROPOSAL TO INCREASE THE Management For No No
NUMBER OF SHARES IN THE 2000 EMPLOYEE STOCK PURCHASE
PLAN.
05 TO ACT UPON A STOCKHOLDER PROPOSAL OPPOSING GEOTHERMAL Shareholder Against No No
DEVELOPMENT ACTIVITIES IN THE MEDICINE LAKE HIGHLANDS
AND REQUESTING THE ADOPTION OF AN INDIGENOUS PEOPLES
POLICY.
06 TO ACT UPON A STOCKHOLDER PROPOSAL REGARDING Shareholder Against No No
SENIOR EXECUTIVE EQUITY COMPENSATION PLANS.
07 TO ACT UPON A STOCKHOLDER PROPOSAL REGARDING Shareholder Against No No
SHAREHOLDER VOTING.
08 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT ACCOUNTANTS FOR THE COMPANY FOR THE
FISCAL YEAR ENDING DECEMBER 31, 2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 20,000 20,000 05/21/2004
------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORPORATION XOM Annual Meeting Date: 05/26/2004
Issuer: 30231G ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF INDEPENDENT AUDITORS (PAGE 27). Management For No No
03 APPROVAL OF 2004 NON-EMPLOYEE DIRECTOR RESTRICTED Management For No No
STOCK PLAN (PAGE 28).
04 POLITICAL CONTRIBUTIONS (PAGE 30). Shareholder Against No No
05 POLITICAL CONTRIBUTIONS REPORT (PAGE 32). Shareholder Against No No
06 MEDIA RESPONSE ON EQUATORIAL GUINEA (PAGE 34). Shareholder Against No No
07 BOARD CHAIRMAN AND CEO (PAGE 37). Shareholder Against No No
08 EXECUTIVE COMPENSATION (PAGE 39). Shareholder Against No No
09 EQUITY COMPENSATION REPORT (PAGE 40). Shareholder Against No No
10 AMENDMENT OF EEO POLICY (PAGE 42). Shareholder Against No No
11 CLIMATE SCIENCE REPORT (PAGE 44). Shareholder Against No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 102 5,000 5,000 05/21/2004
------------------------------------------------------------------------------------------------------------------------------------
DUQUESNE LIGHT HOLDINGS, INC. Annual Meeting Date: 05/27/2004
Issuer: 266233 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF AMENDMENTS TO THE 2002 LONG-TERM Management For No No
INCENTIVE PLAN
03 RATIFICATION OF AUDITORS-DELOITTE & TOUCHE LLP Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 105 200,000 200,000 05/21/2004
------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORPORATION CMS Annual Meeting Date: 05/28/2004
Issuer: 125896 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 RATIFICATION OF INDEPENDENT AUDITORS. Management For No No
03 PROPOSAL TO AMEND PERFORMANCE INCENTIVE STOCK Management For No No
PLAN.
04 PROPOSAL TO APPROVE DEDUCTIBILITY OF INCENTIVE Management For No No
AWARDS.
05 PROPOSAL TO AMEND ARTICLES OF INCORPORATION. Management For No No
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 100 200,000 200,000 05/24/2004
------------------------------------------------------------------------------------------------------------------------------------
THE DIRECTV GROUP, INC. Annual Meeting Date: 06/02/2004
Issuer: 25459L ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 APPROVAL OF THE 2004 STOCK PLAN Management For No No
03 APPROVAL OF THE EXECUTIVE OFFICER CASH BONUS Management For No No
PLAN
04 RATIFICATION OF THE APPOINTMENT OF INDEPENDENT Management For No No
PUBLIC ACCOUNTANTS
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 106 30,000 30,000 05/24/2004
------------------------------------------------------------------------------------------------------------------------------------
CATALYTICA ENERGY SYSTEMS, INC. CESI Annual Meeting Date: 06/10/2004
Issuer: 148884 ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 PROPOSAL TO RATIFY THE APPOINTMENT OF ERNST & Management For No No
YOUNG LLP AS THE INDEPENDENT ACCOUNTANTS OF THE
COMPANY FOR THE FISCAL YEAR ENDING DECEMBER 31,
2004.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 20,000 20,000 05/27/2004
------------------------------------------------------------------------------------------------------------------------------------
ENERGY EAST CORPORATION EAS Annual Meeting Date: 06/18/2004
Issuer: 29266M ISIN:
SEDOL:
------------------------------------------------------------------------------------------------------------------------------------
Vote Group: GLOBAL
Proposal Proposal Vote Against Contrary to
Number Proposal Type Cast Mgmt. Policy
------------------------------------------------------------------------------------------------------------------------------------
01 DIRECTOR Management For No No
02 TO APPROVE AN AMENDMENT TO THE CERTIFICATE OF Management For No No
INCORPORATION TO ELIMINATE THE CLASSIFICATION
OF THE BOARD OF DIRECTORS.
03 TO APPROVE AN AMENDMENT TO THE CERTIFICATE OF Management Against Yes No
INCORPORATION TO ELIMINATE CUMULATIVE VOTING
IN THE ELECTION OF DIRECTORS.
04 TO APPROVE AN EXISTING EMPLOYEE STOCK PURCHASE Management For No No
PLAN.
05 TO RATIFY THE APPOINTMENT OF PRICEWATERHOUSECOOPERS Management For No No
LLP AS INDEPENDENT PUBLIC ACCOUNTANTS.
Custodian Stock Ballot Voted Vote
Account Name Account Class Shares Shares Date
--------------------------------------------------------------------------------------------------------------------------
GABELLI UTILITY TRUST B01GETF0037002B 109 100,000 100,000 06/10/2004
SIGNATURES
Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Registrant The Gabelli Utility Trust
---------------------------------------------------------------------
By (Signature and Title)* /s/ Bruce N. Alpert
------------------------------------------------------
Bruce N. Alpert, Principal Executive Officer
(Principal Executive Officer)
Date August 18, 2004
---------------------------------------------------------------------------
*Print the name and title of each signing officer under his or her signature.