Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share
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.
Il Gabelli Global Utility & Income Trust (NYSE American: GLU) ha annunciato la continuazione della sua politica di distribuzioni mensili cash fisse. Il Consiglio dei Trustee ha dichiarato distribuzioni di $0,10 per azione per gennaio, febbraio e marzo 2025. Questo è in linea con la politica di distribuzione iniziale del Fondo di pagare una distribuzione annuale minima del 6% del prezzo di offerta iniziale di $20,00 per azione. La composizione attuale della distribuzione include circa il 17% da reddito da investimenti netti e l'83% da restituzione di capitale basata sulla contabilità del 2024. Il Consiglio esamina regolarmente le potenziali distribuzioni da reddito, guadagni di capitale realizzati o capitale disponibile.
El Gabelli Global Utility & Income Trust (NYSE American: GLU) anunció la continuación de su política de distribuciones mensuales en efectivo fijas. La Junta de Fideicomisarios declaró distribuciones de $0.10 por acción para enero, febrero y marzo de 2025. Esto está alineado con la política de distribución inicial del Fondo de pagar una distribución anual mínima del 6% del precio de oferta pública inicial de $20.00 por acción. La composición actual de la distribución incluye aproximadamente el 17% de ingresos netos de inversión y el 83% de retorno de capital según los registros contables de 2024. La Junta revisa regularmente las posibles distribuciones de ingresos, ganancias de capital realizadas o capital disponible.
가벨리 글로벌 유틸리티 및 소득 신탁(뉴욕증권거래소: GLU)은 고정 월간 현금 분배 정책의 지속을 발표했습니다. 이사회는 2025년 1월, 2월, 3월 주당 $0.10의 분배를 선언했습니다. 이는 $20.00의 초기 공모가로 연간 최소 6%의 분배를 지급하는 펀드의 초기 분배 정책과 일치합니다. 현재 분배 구성은 2024 회계 기록을 기준으로 순 투자 소득의 약 17%와 자본 반환의 83%을 포함합니다. 이사회는 소득, 실현된 자본 이익 또는 사용 가능한 자본으로부터의 잠재적 분배를 정기적으로 검토합니다.
Le Gabelli Global Utility & Income Trust (NYSE American: GLU) a annoncé la poursuite de sa politique de distributions mensuelles fixes en espèces. Le Conseil des Fiduciaires a déclaré des distributions de 0,10 $ par action pour janvier, février et mars 2025. Cela s'aligne sur la politique de distribution initiale du Fonds visant à verser une distribution annuelle minimale de 6 % du prix d'introduction en bourse de 20,00 $ par action. La composition actuelle des distributions comprend environ 17 % de revenus nets d'investissement et 83 % de retour de capital selon les enregistrements comptables de 2024. Le Conseil examine régulièrement les distributions potentielles provenant des revenus, des plus-values réalisées ou du capital disponible.
Der Gabelli Global Utility & Income Trust (NYSE American: GLU) hat die Fortsetzung seiner Politik der festen monatlichen Barauszahlungen bekannt gegeben. Der Vorstand der Treuhänder hat Ausschüttungen von $0,10 pro Aktie für Januar, Februar und März 2025 erklärt. Dies steht im Einklang mit der ursprünglichen Ausschüttungspolitik des Fonds, eine jährliche Mindestausschüttung von 6% des anfänglichen Angebotspreises von $20,00 pro Aktie zu zahlen. Die aktuelle Zusammensetzung der Ausschüttung umfasst ungefähr 17% aus Nettogewinnen und 83% Rückzahlung von Kapital basierend auf den Buchhaltungsunterlagen von 2024. Der Vorstand prüft regelmäßig potenzielle Ausschüttungen aus Einkünften, realisierten Kapitalgewinnen oder verfügbarem Kapital.
- Consistent monthly distribution maintained at $0.10 per share
- Maintains 6% annual distribution rate based on IPO price
- 83% of distributions classified as return of capital, indicating insufficient earnings to cover distributions
- Only 17% of distributions coming from net investment income
Insights
The continuation of
RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of
| Distribution Month | Record Date | Payable Date | Distribution Per Share |
| January | January 16, 2025 | January 24, 2025 | |
| February | February 13, 2025 | February 21, 2025 | |
| March | March 17, 2025 | March 24, 2025 | |
Under the Fund’s initial distribution policy, the Fund has paid a minimum annual distribution of
Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently
If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.
Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2024 would include approximately
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:
Adam Tokar
(914) 457-1079
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
CUSIP – 36242L105
Investor Relations Contact:
Adam Tokar
(914) 457-1079
atokar@gabelli.com
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