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

Rhea-AI Summary

Gabelli Global Utility & Income Trust (NYSE American: GLU) reaffirmed its policy of fixed monthly cash distributions and declared cash distributions of $0.11 per share for each of October 16, November 13, and December 11, 2026 (record dates), payable on October 23, November 20, and December 18, 2026.

According to the Fund, the Board increased the annualized distribution by 10% to $1.32 per share, to be paid as $0.11 monthly, commencing with the January 2026 distribution. The Board reviews distribution levels quarterly and may adjust them, including a December adjustment to meet regulated investment company distribution requirements. Based on current 2026 accounting records, distributions are estimated to comprise approximately 21% net investment income and 79% net capital gains on a book basis, with final tax character determined after year-end.

Positive

• Annual distribution raised 10% to $1.32 per share, paid monthly at $0.11
• Monthly distributions of $0.11 declared for October, November, and December 2026
• 2026 distributions estimated at 21% income and 79% net capital gains on a book basis

Negative

• Distributions may exceed earnings and be treated partly as return of capital, reducing shareholder cost basis
• Distribution policy is subject to modification and is not guaranteed to continue
• Distribution rate should not be viewed as dividend yield or total return, limiting its use as a performance indicator

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Reaffirms Annualized Distribution of $1.32 per Share

RYE, N.Y., Aug. 12, 2026 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of October, November, and December 2026.

The Board of Trustees increased the annual distribution 10% to $1.32 per share, which will be paid $0.11 per share monthly, commencing with the January 2026 monthly distribution.

Distribution Month	Record Date	Payable Date	Distribution Per Share
October	October 16, 2026	October 23, 2026	$0.11
November	November 13, 2026	November 20, 2026	$0.11
December	December 11, 2026	December 18, 2026	$0.11

Each 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’s distribution level, taking into consideration the Fund’s 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’s 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.

All 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’s 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 "net investment income", which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.

If 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’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.

Long-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 2026 would include approximately 21% from net investment income and 79% from net capital gains 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 (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s 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 2026 distributions in early 2027 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Adam Tokar
(914) 457-1079

About The Gabelli Global Utility & Income Trust
The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company with $147 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
CUSIP – 36242L105

Investor Relations Contact:
Adam Tokar
(914) 457-1079
atokar@gabelli.com

FAQ

What monthly distribution did Gabelli Global Utility & Income Trust (GLU) declare for Q4 2026?

Gabelli Global Utility & Income Trust declared monthly cash distributions of $0.11 per share for October, November, and December 2026. According to the Fund, these distributions have record dates of October 16, November 13, and December 11, 2026, payable October 23, November 20, and December 18.

How much is Gabelli Global Utility & Income Trust’s (GLU) annualized distribution for 2026?

Gabelli Global Utility & Income Trust’s Board set the annualized distribution at $1.32 per share for 2026. According to the Fund, this reflects a 10% increase and is being paid as fixed monthly cash distributions of $0.11 per share, beginning with the January 2026 distribution.

What is the estimated income and capital gains breakdown of GLU’s 2026 distributions?

Based on current 2026 accounting records, Gabelli Global Utility & Income Trust estimates distributions at 21% net investment income and 79% net capital gains. According to the Fund, these figures are on a book basis and the final tax character will be determined after year-end for Form 1099-DIV reporting.

Can Gabelli Global Utility & Income Trust’s (GLU) distribution include a return of capital?

Yes. If annual earnings are below total distributions, amounts above earnings are deemed return of capital. According to the Fund, this generally is not taxable but reduces a shareholder’s cost basis. The Fund notes that distribution components are allocated pro-rata across all 2026 distributions.

Is GLU’s monthly distribution rate the same as its dividend yield or total return?

No. Gabelli Global Utility & Income Trust states the distribution rate should not be considered dividend yield or total return. According to the Fund, shareholders should not draw performance conclusions solely from distribution amounts, as they may include income, capital gains, or return of capital components.

How often does Gabelli Global Utility & Income Trust (GLU) review its distribution policy?

Gabelli Global Utility & Income Trust’s Board reviews distribution levels each quarter, considering income, realized capital gains, and available capital. According to the Fund, the Board may also pay an adjusting December distribution to meet regulated investment company requirements, and the policy can be modified at any time.