Gabelli Global Utility & Income Trust Adds June 26, 2025 as Put Date for Series B Preferred Shares
November 18 2024 - 12:10PM
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 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, 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
$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 $124
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 PrBCUSIP – 36242L303
For information:Adam Tokar(914)
457-1079
Investor Relations Contact: Adam Tokar(914)
457-1079atokar@gabelli.com
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