Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 30

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 30
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 before August 1, 2022, are not subject to the DSTA Control Share Statute; however, any further acquisitions
on or after August 1, 2022, are considered control shares subject to the DSTA Control Share Statute.

The
DSTA Control Share Statute requires shareholders to disclose to the Fund any control share acquisition within 10 days of such acquisition,
and also permits the Fund to require a shareholder or an associate of such person to disclose the number of shares owned or with respect
to which such person or an associate thereof can directly or indirectly exercise voting power. Further, the DSTA Control Share Statute
requires a shareholder or an associate of such person to provide to the Fund within 10 days of receiving a request therefor from the
Fund any information that the Fund’s Trustees reasonably believe is necessary or desirable to determine whether a control share
acquisition has occurred.

The
DSTA Control Share Statute permits the Fund’s Board of Trustees, through a provision in the Fund’s Governing Documents or
by Board action alone, to eliminate the application of the DSTA Control Share Statute to the acquisition of control shares in the Fund
specifically, generally, or generally by types, as to specifically identified or unidentified existing or future beneficial owners or
their affiliates or associates or as to any series or classes of shares. The DSTA Control Share Statute does not provide that the Fund
can generally “opt out” of the application of the DSTA Control Share Statute; rather, specific acquisitions or classes of
acquisitions may be exempted by the Fund’s

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Board of Trustees,
either in advance or retroactively, but other aspects of the DSTA Control Share Statute, which are summarized above, would continue to
apply. The DSTA Control Share Statute further provides that the Board of Trustees is under no obligation to grant any such exemptions.

The
Board of Trustees has considered the DSTA Control Share Statute. The Board of Trustees has adopted resolutions exempting from the application
of the DSTA Control Share Statute acquisitions of preferred shares of beneficial interest of the Fund directly from the Fund or the Fund’s
distributor, underwriter, placement agent or selling agent, as applicable. As of the date hereof, the Board of Trustees has not received
notice of the occurrence of any other control share acquisition nor has been requested to exempt any other acquisition. Therefore, the
Board of Trustees has not determined whether the application of the DSTA Control