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MORRIS, NICHOLS, ARSHT & TUNNEL". LLP
WILMINGTON, DELAWARE 19899-1347
FAX
OVERVIEW OF
DELAWARE STATUTORY TRUSTS
By: Thomas R. Pulsifer, Esq. and Todd A. Flubacher, Esq.
A. Overview of Delaware Statutory ... Trusts
A Delaware statutory trust is an unincorporated association formed pursuant to a
trust agreement. To obtain the benefits of the Delaware Statutory Trust ... have no liability to third parties for obligations of a statutory trust. A Delaware
statutory trust may be organized to carry on any lawful business or activity, whether
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APPENDIX 1
1. BUSINESS SUMMARY
1.1. Executive Summary
Financial Ballistics Trust ("Applicant"), a Delaware statutory trust which is in the process
of registering to do business in the U.S. Virgin ... annum to local charitable causes.
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APPENDIX 3
Financial Ballistics Trust is a Delaware statutory trust that was formed in Delaware on
November 23, 2011. The sole owner of Financial ... filed by the undersigned, as Trustee, to form a statutory trust under
the Delaware Statutory Trust Act (12 Del.C. sec. 3801 et seq.).
1 The name of the statutory trust
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indicated, "Fund,"
"us," "our" and "we" refer to The Gabelli Utility Trust, a Delaware statutory trust. This Prospectus
Supplement also includes trademarks owned by other persons.
TABLE OF CONTENTS
Prospectus ... Fund's by-laws (together, the "Governing
Documents") or applicable provisions of the Delaware Statutory Trust Act or the 1940 Act, the affirmative vote
of the holders of a majority ... higher percentage is required under the Governing Documents or applicable provisions of the Delaware
Statutory Trust Act or the 1940 Act, the affirmative vote of the holders of a majority
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