Company: GLU-PB
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001658
Chunk: 160

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 160
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 received by the Adviser for managing the Trust to the extent that the amount exceeds a minimum level of compensation. Net revenues are determined by deducting from gross investment management fees certain of the firm’s expenses (other than the Portfolio Managers’ compensation) allocable to the Trust (the incentive-based variable compensation for managing other accounts is also based on a percentage of net revenues to the investment adviser for managing the account). This method of compensation is based on the premise that superior long-term performance in managing a portfolio should be rewarded with higher compensation as a result of growth of assets through appreciation and net investment activity. The level of equity-based incentive and incentive-based variable compensation is based on an evaluation by the Adviser’s parent, GAMI, of quantitative and qualitative performance evaluation criteria. This evaluation takes into account, in a broad sense, the performance of the accounts managed by the Portfolio Managers, but the level of compensation is not determined with specific reference to the performance of any account against any specific benchmark. Generally, greater consideration is given to the performance of larger accounts and to longer term performance over smaller accounts and short-term performance.

OWNERSHIP OF SHARES IN THE FUND

Mario J. Gabelli, Timothy Winter, and Hendi Susanto each owned over $1,000,000, $0, and $0, respectively, of shares of the Fund as of December 31, 2024.

| (b) | Not applicable |

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

<div align='center'>REGISTRANT PURCHASES OF EQUITY SECURITIES</div>

| Period              | (a) Total Number         
 of Shares (or Units)     
 Purchased                | -b) Average              
 Price Paid per           
 Share (or Unit           | (c) Total Number of      
 Shares (or Units)        
 Purchased as Part of     
 Publicly Announced       
 Plans or Programs        | (d)                               
 Maximum Number                    
 (or Approximate Dollar Value)     
 of Shares (or Units) that May Yet 
 Be Purchased Under the            
 Plans or                          
 Programs                          |
| Month #1 07/01/2024 
 through 07/31/2024  | Common                   
 – N/A                    
 Preferred Series A – N/A 
 Preferred Series B – N/A | Common – N/A             
 Preferred Series A – N/A 
 Preferred Series B – N/A | Common – N/A             
 Preferred Series A – N/A 
 Preferred Series B – N