Gabelli Global Utility & Income Trust Adds June 26, 2025 as Put Date for Series B Preferred Shares
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.
Il Gabelli Global Utility & Income Trust (NYSE American: GLU) ha approvato 26 giugno 2025 come ulteriore data di vendita per le azioni privilegiate cumulative e richiamabili di serie B. Le azioni privilegiate di serie B, scambiate sotto il simbolo GLU Pr B, offrono un tasso di dividendo annuale del 5,20%. Gli azionisti possono vendere le loro azioni durante periodi di 60 giorni che terminano il 26 dicembre 2024 e il 26 giugno 2025, dopodiché le azioni diventano perpetue. Inizialmente emesse a $50,00 per azione il 19 dicembre 2018, le azioni privilegiate sono richiamabili al valore di liquidazione di $50,00 più i dividendi maturati.
La Junta del Gabelli Global Utility & Income Trust (NYSE American: GLU) ha aprobado el 26 de junio de 2025 como una fecha adicional de venta para las acciones preferentes acumulativas y canjeables de la serie B. Las acciones preferentes de la serie B, que se comercian bajo el símbolo GLU Pr B, ofrecen una tasa de dividendo anual del 5,20%. Los accionistas pueden vender sus acciones durante períodos de 60 días que finalizan el 26 de diciembre de 2024 y el 26 de junio de 2025, después de lo cual las acciones se vuelven perpetuas. Emitidas originalmente a $50,00 por acción el 19 de diciembre de 2018, las acciones preferentes son canjeables al valor de liquidación de $50,00 más los dividendos acumulados.
가벨리 글로벌 유틸리티 & 인컴 트러스트(NYSE American: GLU) 이사회는 시리즈 B 누적 및 양도 가능 우선주에 대해 추가 매각 날짜로 2025년 6월 26일을 승인했습니다. GLU Pr B에서 거래되는 시리즈 B 우선주는 연 5.20%의 배당률을 제공합니다. 주주들은 2024년 12월 26일과 2025년 6월 26일로 끝나는 60일 동안 주식을 매각할 수 있으며, 이후 주식은 영구적으로 변하게 됩니다. 2018년 12월 19일에 주당 $50.00에 처음 발행된 우선주는 $50.00의 청산 가치와 축적된 배당금에 따라 호출될 수 있습니다.
Le conseil d'administration du Gabelli Global Utility & Income Trust (NYSE American: GLU) a approuvé le 26 juin 2025 comme date de vente supplémentaire pour les actions privilégiées cumulatives et rachetables de la série B. Les actions privilégiées de la série B, négociées sous le symbole GLU Pr B, offrent un taux de dividende annuel de 5,20%. Les actionnaires peuvent vendre leurs actions pendant des périodes de 60 jours se terminant le 26 décembre 2024 et le 26 juin 2025, après quoi les actions deviennent perpétuelles. Initialement émises à 50,00 $ par action le 19 décembre 2018, les actions privilégiées peuvent être rachetées au prix de liquidation de 50,00 $ plus les dividendes accumulés.
Der Vorstand des Gabelli Global Utility & Income Trust (NYSE American: GLU) hat den 26. Juni 2025 als zusätzliches Verkaufsdatum für die Serie B kumulierte und wandelbare Vorzugsaktien genehmigt. Die Serie B Vorzugsaktien, die unter GLU Pr B gehandelt werden, bieten eine jährliche Dividendenrate von 5,20%. Aktionäre können ihre Aktien in 60-tägigen Zeiträumen, die am 26. Dezember 2024 und am 26. Juni 2025 enden, verkaufen; danach werden die Aktien ewig. Ursprünglich am 19. Dezember 2018 zu einem Preis von 50,00 $ pro Aktie emittiert, können die Vorzugsaktien zum Liquidationswert von 50,00 $ zuzüglich aufgelaufener Dividenden zurückgerufen werden.
- 5.20% annual dividend rate provides steady income stream
- Additional put option date gives shareholders more flexibility for exit
- Series B Preferred shares will become perpetual after June 2025, reducing shareholder exit options
Insights
The addition of a new put date for GLU's Series B Preferred shares represents a significant development for preferred shareholders, offering enhanced flexibility in their investment decisions. The 5.20% annual dividend rate remains competitive in the current market environment. The dual put options in December 2024 and June 2025 provide strategic exit opportunities before the shares convert to perpetual status.
The structure gives shareholders important optionality while maintaining the Fund's ability to call the shares at
RYE, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of the Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved June 26, 2025 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
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, 2024 and June 26, 2025, after which the Series B preferred becomes perpetual.
The Series B preferred shares are callable, after proper notification is given, at the liquidation value of
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
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
NYSE American – GLU PrB
CUSIP – 36242L303
For information:
Adam Tokar
(914) 457-1079
Investor Relations Contact:
Adam Tokar
(914) 457-1079
atokar@gabelli.com
FAQ
What is the new put date for GLU Series B Preferred shares?
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When were GLU Series B Preferred shares originally issued and at what price?
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