Gabelli Global Utility & Income Trust Adds June 26, 2024 as Put Date for Series B Preferred Shares

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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.

RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of the Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved June 26, 2024 as an additional put date for the Series B Cumulative Puttable and Callable Preferred Shareholders (the “Series B Preferred”). The annual dividend rate of the Series B Preferred is 5.20%.

Each Series B Preferred shareholder now has the right to put their shares to the Fund in each of the 60-day periods ending December 26, 2023, June 26, 2024, and December 26, 2024, after which the Series B preferred becomes 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.

As background, 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.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information regarding this and other information about the Fund is available by calling 800-GABELLI (800-422-3554), visiting www.gabelli.com, or emailing ClosedEnd@gabelli.com.

About The Gabelli Global Utility & Income Trust

The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company with $148 million in total net assets whose primary investment objective is to seek a consistent level of after-tax total return for its investors with an emphasis on tax-advantaged dividend income under current tax law. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE American – GLU PrB
CUSIP – 36242L303

For information:
Adam Tokar
(914) 457-1079

FAQ

What is the additional put date approved by Gabelli Global Utility & Income Trust (GLU) for Series B Cumulative Puttable and Callable Preferred Shareholders?

June 26, 2024 has been approved as an additional put date for the Series B Preferred, allowing shareholders to put their shares to the Fund.

What is the annual dividend rate for Series B Preferred of Gabelli Global Utility & Income Trust (GLU)?

The annual dividend rate for Series B Preferred is 5.20%.

When do the Series B Preferred shareholders have the right to put their shares to the Fund?

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.

When do the Series B preferred shares become callable?

The Series B preferred shares become callable on December 19, 2023, at the liquidation value of $50.00 per share plus accrued dividends.

When were the Series B Preferred Shares issued and at what price?

The Series B Preferred Shares were issued on December 19, 2018, at $50.00 per share.

Where can investors find more information about the investment objectives, risks, charges, and expenses of the Fund?

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. More information can be found on the company's official website or through their financial documents.