{"id":732573,"date":"2023-02-17T08:28:04","date_gmt":"2023-02-17T13:28:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/"},"modified":"2023-02-17T08:28:04","modified_gmt":"2023-02-17T13:28:04","slug":"gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/","title":{"rendered":"Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share<\/b><\/p>\n<p>RYE, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Board of Trustees of The Gabelli Global Utility &amp; Income Trust (NYSE American: GLU) (the \u201cFund\u201d) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of April, May, and June 2023.\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution Month\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nRecord Date\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPayable Date\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution Per Share\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nApril\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nApril 14, 2023\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nApril 21, 2023\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwsinglebottom bwrightsingle bwleftsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.10\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMay\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMay 16, 2023\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMay 23, 2023\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwsinglebottom bwrightsingle bwleftsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.10\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom bwleftsingle\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nJune\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nJune 15, 2023\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignb bwpadl0 bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nJune 23, 2023\n<\/p>\n<\/td>\n<td class=\"bwtablemarginb bwblockalignl bwsinglebottom\" rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwsinglebottom bwrightsingle bwleftsingle bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n$0.10\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nUnder the Fund\u2019s initial distribution policy, the Fund has paid a minimum annual distribution of 6% of the initial public offering price of $20.00 per share (a distribution of $0.10 per share each month).\n<\/p>\n<p>\nEach 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\u2019s distribution level, taking into consideration the Fund\u2019s 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\u2019s 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.\n<\/p>\n<p>\nAll 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 20% in taxable accounts for individuals (or less depending on an individual\u2019s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their &#8220;net investment income&#8221;, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.\n<\/p>\n<p>\nIf 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\u2019s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder\u2019s original investment, it is generally not taxable and would be treated as a reduction in the shareholder\u2019s cost basis.\n<\/p>\n<p>\nLong-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 2023 would be deemed 100% from paid-in capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.gabelli.com&amp;esheet=53330466&amp;newsitemid=20230217005207&amp;lan=en-US&amp;anchor=www.gabelli.com&amp;index=1&amp;md5=175eb9ff38b2dace29e0e5d3a7338129\">www.gabelli.com<\/a>). The final determination of the sources of all distributions in 2023 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund\u2019s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2023 distributions in early 2024 via Form 1099-DIV.\n<\/p>\n<p><i>Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund\u2019s distribution policy and other information about the Fund, call:<\/i><\/p>\n<p><i>Adam Tokar<br \/>\n<br \/><\/i><i>(914) 457-1079<\/i><\/p>\n<p><b>About The Gabelli Global Utility &amp; Income Trust<\/b><\/p>\n<p>\nThe Gabelli Global Utility &amp; Income Trust is a non-diversified, closed-end management investment company with $160 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).\n<\/p>\n<p>\nNYSE American \u2013 GLU<br \/>\n<br \/>CUSIP \u2013 36242L105\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230217005207r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230217005207\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230217005207\/en\/<\/a><\/span><\/p>\n<p><i>Adam Tokar<br \/>\n<\/i><br \/><i>(914) 457-1079<\/i><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Other Professional Services Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share RYE, N.Y.&#8211;(BUSINESS WIRE)&#8211; The Board of Trustees of The Gabelli Global Utility &amp; Income Trust (NYSE American: GLU) (the \u201cFund\u201d) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of April, May, and June 2023. Distribution Month Record Date Payable Date Distribution Per Share April April 14, 2023 April 21, 2023 $0.10 May May 16, 2023 May 23, 2023 $0.10 June June 15, 2023 June 23, 2023 $0.10 Under the Fund\u2019s initial distribution policy, the Fund has paid a minimum annual distribution of 6% of the initial public offering &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732573","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share RYE, N.Y.&#8211;(BUSINESS WIRE)&#8211; The Board of Trustees of The Gabelli Global Utility &amp; Income Trust (NYSE American: GLU) (the \u201cFund\u201d) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of April, May, and June 2023. Distribution Month Record Date Payable Date Distribution Per Share April April 14, 2023 April 21, 2023 $0.10 May May 16, 2023 May 23, 2023 $0.10 June June 15, 2023 June 23, 2023 $0.10 Under the Fund\u2019s initial distribution policy, the Fund has paid a minimum annual distribution of 6% of the initial public offering &hellip; Continue reading &quot;Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T13:28:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230217005207r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Gabelli Global Utility &amp; 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Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/","og_locale":"en_US","og_type":"article","og_title":"Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share - Market Newsdesk","og_description":"Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share RYE, N.Y.&#8211;(BUSINESS WIRE)&#8211; The Board of Trustees of The Gabelli Global Utility &amp; Income Trust (NYSE American: GLU) (the \u201cFund\u201d) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of April, May, and June 2023. Distribution Month Record Date Payable Date Distribution Per Share April April 14, 2023 April 21, 2023 $0.10 May May 16, 2023 May 23, 2023 $0.10 June June 15, 2023 June 23, 2023 $0.10 Under the Fund\u2019s initial distribution policy, the Fund has paid a minimum annual distribution of 6% of the initial public offering &hellip; Continue reading \"Gabelli Global Utility &amp; Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-17T13:28:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230217005207r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gabelli-global-utility-income-trust-continues-monthly-distributions-declares-distributions-of-0-10-per-share-9\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Gabelli Global Utility &amp; 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