The Gabelli Global Utility & Income Trust
GLU-PB
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- The Gabelli Global Utility & Income Trust (NYSE American: GLU; GLU-PB) is a diversified, closed-end management investment company. The Fund seeks a consistent level of after-tax total return for investors, with an emphasis on tax-advantaged dividend income under current tax law; under normal market conditions, it invests at least 80% of its assets in equity securities and income-producing securities, such as government obligations, of domestic and foreign companies involved in the utilities industry and other sectors expected to pay periodic dividends. It targets companies providing products, services, or equipment for the generation or distribution of electricity, gas, water, and infrastructure operations; preferred securities; and stocks across market capitalizations with proven dividend records and sound financial structures; the portfolio also includes holdings in related areas such as telecommunications, electronics, specialty chemicals, financial services, and energy services, with top positions including National Fuel Gas Co., Sony Group Corp., AZZ Inc., American Electric Power Co. Inc., and Iberdrola SA. Founded on May 28, 2004 and domiciled at One Corporate Center, Rye, New York, the Fund operates globally, investing in public equity markets worldwide with a focus on the utilities sector; it benchmarks performance against the S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. Managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., the Fund employs a net expense ratio of 1.1% and uses leverage to enhance returns. In November 2025, the Board of Trustees increased the annual distribution rate by 10% to $1.32 per share ($0.11 monthly), effective with the January 2026 distribution, reflecting a 31% year-to-date NAV total return as of that date; 2025 distributions are estimated to comprise approximately 35% net investment income, 50% net capital gains, and 15% return of capital, with potential for an adjusting December distribution to meet regulated investment company requirements.