Welcome to our dedicated page for Gabelli Global Utility & news (Ticker: GLU), a resource for investors and traders seeking the latest updates and insights on Gabelli Global Utility & stock.
Gabelli Global Utility & Income Trust (GLU) provides investors with income-focused exposure to global utility and infrastructure equities. This centralized news hub offers timely updates on the closed-end fund's strategic initiatives and financial performance.
Track all essential developments through official press releases, SEC filings, and verified market analysis. Key updates include dividend declarations, portfolio adjustments, earnings reports, and regulatory developments affecting utility sector investments.
Investors can monitor the trust's execution of its non-diversified investment strategy through detailed disclosures about equity positions in essential service providers. Regular updates cover infrastructure investments, income distribution plans, and management commentary on market conditions.
Bookmark this page for direct access to primary source materials and objective reporting on GLU's performance within the utilities investment landscape. Check regularly for new filings and strategic partnership announcements affecting long-term total return objectives.
Gabelli Global Utility & Income Trust has announced important updates regarding its Series B Preferred Shares. The Board of Trustees has approved new put dates for shareholders, offering increased flexibility for investors.
Key details of the announcement:
- The Series B Preferred maintains a 5.20% annual dividend rate
- Shareholders can now put their shares during five 60-day periods ending on: - June 26, 2025 - December 26, 2025 - June 26, 2026 - December 26, 2026 - June 26, 2027
- After these dates, the Series B preferred becomes perpetual
- Shares are callable at $50.00 per share plus accrued dividends
The Series B Preferred Shares, trading under symbol GLU Pr B on NYSE American, were originally issued on December 19, 2018, at $50.00 per share. Investors can get more information by calling 800-GABELLI or visiting the company website.
Gabelli Global Utility & Income Trust (GLU) has announced the continuation of its fixed monthly cash distributions policy. The Board of Trustees declared distributions of $0.10 per share for April, May, and June 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 2025 distributions are expected to comprise approximately 8% from net investment income, 51% from net capital gains, and 41% would be deemed a return of capital on a book basis. The Board regularly reviews potential distributions from income, realized capital gains, or available capital, and may adjust December distributions to meet Internal Revenue Code requirements for regulated investment companies.
The Gabelli Global Utility & Income Trust (NYSE American: GLU) Board has approved June 26, 2025 as an additional put date for Series B Cumulative Puttable and Callable Preferred Shares. The Series B Preferred, trading under GLU Pr B, offers a 5.20% annual dividend rate. Shareholders can put their shares during 60-day periods ending December 26, 2024 and June 26, 2025, after which the shares become perpetual. Originally issued at $50.00 per share on December 19, 2018, the preferred shares are callable at the liquidation value of $50.00 plus accrued dividends.
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.
The Gabelli Global Utility & Income Trust (NYSE American: GLU) has announced the continuation of its monthly distribution policy. The Board of Trustees declared cash distributions of $0.10 per share for October, November, and December 2024. 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.
Key points:
- Distribution dates set for October 24, November 21, and December 20, 2024
- The Board reviews distribution levels quarterly
- Approximately 22% of 2024 distributions from net investment income, 78% deemed return of capital
- Final determination of distribution sources will be made after year-end
Investors are advised to consider the Fund's objectives, risks, charges, and expenses carefully before investing.
The Board of Trustees of Gabelli Global Utility & Income Trust (NYSE American: GLU) announced the continuation of its fixed monthly cash distributions, declaring $0.10 per share for July, August, and September 2024. These distributions maintain the Fund's policy of paying a minimum annual distribution of 6% of the initial public offering price of $20.00 per share. The Board reviews the distribution amount quarterly, considering the Fund's net asset value and market conditions. If necessary, an adjusting distribution may be paid in December. The Fund's distribution rate is not indicative of dividend yield or total return. The distributions for 2024 are expected to include 3% from net investment income, 1% from net capital gains, and 96% as a return of capital. Shareholders will receive tax-related information regarding these distributions in early 2025.
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