Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
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Source: Newsfilter
Distribution Policy: The Gabelli Global Utility & Income Trust has approved fixed monthly cash distributions of $0.10 per share for July, August, and September 2025, maintaining a minimum annual distribution of 6% based on its initial public offering price.
Tax Implications: Distributions may include long-term capital gains and qualified dividend income, with portions potentially treated as return of capital, affecting shareholders' tax obligations and cost basis.
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About GLU
The Gabelli Global Utility & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund’s 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. Under normal market conditions, the Fund invests at least 80% of its assets in equity securities and income-producing securities (such as governments) of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay periodic dividends. The Fund invests in sectors, such as integrated energy and utilities, telecommunications, food and beverage, cable and satellite, financial services, alternative energy, electronics, wireless communications, building and construction, computer software and services, metals and mining, hotels and gaming, and consumer products, among others. The Fund's investment advisor is Gabelli Funds, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
