Gabelli Global Utility & Inc - GLU STOCK NEWS

The Gabelli Global Utility & Income Trust (NYSE American: GLU) Board has approved June 26, 2025 as an additional put date for Series B Cumulative Puttable and Callable Preferred Shares. The Series B Preferred, trading under GLU Pr B, offers a 5.20% annual dividend rate. Shareholders can put their shares during 60-day periods ending December 26, 2024 and June 26, 2025, after which the shares become perpetual. Originally issued at $50.00 per share on December 19, 2018, the preferred shares are callable at the liquidation value of $50.00 plus accrued dividends.

The Gabelli Global Utility & Income Trust (NYSE American: GLU) announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.10 per share for January, February, and March 2025. This aligns with the Fund's initial distribution policy of paying a minimum annual distribution of 6% of the initial public offering price of $20.00 per share. The current distribution composition includes approximately 17% from net investment income and 83% return of capital based on 2024 accounting records. The Board regularly reviews potential distributions from income, realized capital gains, or available capital.

The Gabelli Global Utility & Income Trust (NYSE American: GLU) has announced the continuation of its monthly distribution policy. The Board of Trustees declared cash distributions of $0.10 per share for October, November, and December 2024. This aligns with the Fund's initial distribution policy of paying a minimum annual distribution of 6% of the initial public offering price of $20.00 per share.

Key points:

• Distribution dates set for October 24, November 21, and December 20, 2024
• The Board reviews distribution levels quarterly
• Approximately 22% of 2024 distributions from net investment income, 78% deemed return of capital
• Final determination of distribution sources will be made after year-end

Investors are advised to consider the Fund's objectives, risks, charges, and expenses carefully before investing.

The Board of Trustees of Gabelli Global Utility & Income Trust (NYSE American: GLU) announced the continuation of its fixed monthly cash distributions, declaring $0.10 per share for July, August, and September 2024. These distributions maintain the Fund's policy of paying a minimum annual distribution of 6% of the initial public offering price of $20.00 per share. The Board reviews the distribution amount quarterly, considering the Fund's net asset value and market conditions. If necessary, an adjusting distribution may be paid in December. The Fund's distribution rate is not indicative of dividend yield or total return. The distributions for 2024 are expected to include 3% from net investment income, 1% from net capital gains, and 96% as a return of capital. Shareholders will receive tax-related information regarding these distributions in early 2025.

The Gabelli Global Utility & Income Trust appoints Nicolas W. Platt to its Board of Trustees, bringing extensive financial and leadership experience. Mr. Platt's background includes roles in financial consulting, executive positions at WPP Group subsidiaries, and leadership roles at stock exchanges. Investors are advised to review the Fund's investment objectives and risks before investing.

The Gabelli Global Utility & Income Trust (GLU) continues its fixed monthly cash distributions, declaring $0.10 per share for April, May, and June 2024. The Fund aims to pay a minimum annual distribution of 6% of the IPO price. Distribution policy subject to Board of Trustees' modifications.

Gabelli Global Utility & Income Trust (GLU) approves additional put date for Series B Cumulative Puttable and Callable Preferred Shareholders, with an annual dividend rate of 5.20%. Each shareholder now has the right to put their shares to the Fund in 60-day periods ending December 26, 2023, June 26, 2024, and December 26, 2024. The Series B preferred shares become callable on December 19, 2023, at the liquidation value of $50.00 per share plus accrued dividends.

Gabelli Global Utility & Income Trust (GLU) Series B Cumulative Puttable and Callable Preferred Shareholders have an upcoming put date on December 26, 2023. The annual dividend rate of the Series B Preferred is 5.20%. The next put date for the Series B preferred is December 26, 2024, after which the shares become perpetual. The Series B preferred shares become callable on December 19, 2023 after proper notification is given, at the liquidation value of $50.00 per share plus accrued dividends. The Series B Preferred Shares, which trade on the NYSE American under the symbol “GLU Pr B”, were issued on December 19, 2018, at $50.00 per share.

Gabelli Global Utility & Income Trust (GLU) continues its fixed monthly cash distributions policy, declaring $0.10 per share for January, February, and March 2024. The Board reviews distributions quarterly and will monitor the Fund’s distribution level considering its net asset value and the financial market environment.