Gabelli Global Utility & Income Trust Increases Monthly Distribution 10%

Rhea-AI Summary

Gabelli Global Utility & Income Trust (NYSE: GLU) increased its annual distribution 10% to $1.32 per share, payable as $0.11 per share monthly beginning with the January 2026 distribution. The Board maintained its monthly cash distribution policy and declared $0.11 distributions for January, February, and March 2026 with specified record and payable dates.

The increase cites a 31% year-to-date NAV total return. The Board said it will review distributions quarterly and may pay an adjusting December distribution to satisfy RIC requirements. Based on current accounting, 2025 distributions are estimated to be ~35% net investment income, 50% net capital gains, and 15% return of capital.

Positive

• Annual distribution up 10% to $1.32 per share
• Monthly cash distribution maintained starting January 2026
• NAV total return +31% YTD
• Declared Jan–Mar 2026 distributions with record/payable dates

Negative

• 15% of 2025 distributions estimated as return of capital on a book basis
• Distribution policy not guaranteed and subject to Board modification
• Potential adjusting December distribution may be required to meet RIC rules

RYE, N.Y., Nov. 12, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) 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. The increase reflects the strength of the Fund’s NAV total return of 31% year to date.

The Board of Trustees approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of January, February, and March 2026.

Distribution Month	Record Date	Payable Date	Distribution Per Share
January	January 15, 2026	January 23, 2026	$0.11
February	February 12, 2026	February 20, 2026	$0.11
March	March 17, 2026	March 24, 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 2025 would include approximately 35% from net investment income, 50% from net capital gains and 15% would be deemed a return of 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 (www.gabelli.com). The final determination of the sources of all distributions in 2025 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 2025 distributions in early 2026 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 $137 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 change did Gabelli Global Utility & Income Trust (GLU) announce on November 12, 2025?

The Board increased the annual distribution 10% to $1.32 per share, payable as $0.11 monthly beginning January 2026.

When are the record and payable dates for GLU's January–March 2026 distributions?

January record date Jan 15, 2026 payable Jan 23, 2026; February record Feb 12, 2026 payable Feb 20, 2026; March record Mar 17, 2026 payable Mar 24, 2026.

How did GLU justify the distribution increase for shareholders?

The Board cited the Fund’s 31% year-to-date NAV total return as reflecting strength that supported the increase.

What are the estimated tax components of GLU's 2025 distributions?

Based on current accounting, 2025 distributions are estimated ~35% net investment income, 50% net capital gains, and 15% return of capital.

Will GLU make additional distributions beyond the monthly amounts in 2026?

The Board may pay an adjusting December distribution to include any additional income and net realized capital gains to meet RIC requirements.

Does the GLU distribution rate equal the fund's yield or total return?

No; the announcement states the distribution rate should not be considered the dividend yield or total return on an investment in the Fund.