GlobeNewswire·Nov 11, 2026, 12:34 PM ET

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 Per Share

The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) approved continuing its fixed monthly cash distribution policy.
The Board increased the annual distribution by 10% to $1.32 per share, paid as $0.11 monthly, commencing with January 2026.
Cash distributions of $0.11 per share are declared for January, February, & March 2027 with specific record dates of January 14, February 11, & March 17, 2027, respectively.
The Board reviews potential distributions quarterly based on income, realized capital gains, & capital available while monitoring net asset value & market conditions.
An adjusting distribution may be paid in December to satisfy Internal Revenue Code minimum distribution requirements for regulated investment companies.
Distributions may be treated as long-term capital gain or qualified dividend income, subject to a 20% federal tax rate plus a potential 3.8% Medicare surcharge for high-income shareholders.
Amounts distributed in excess of earnings are deemed a return of capital, reducing the shareholder's cost basis rather than being taxable.
Based on 2026 accounting records, monthly distributions included approximately 21% from net investment income & 79% from net capital gains, though final tax reporting components will be determined after year-end.
The Fund is a diversified closed-end management investment company with $142 million in total net assets managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc.