Company: GLU-PB
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001829126-25-007144
Chunk: 17

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 17
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 the differences arise. These reclassifications have no impact on the NAV of the Fund.

Distributions to shareholders of the Fund’s 3.800% Series A Cumulative Preferred Shares (Series A Preferred) and 5.200% Series B Cumulative Preferred Shares (Series B Preferred) are recorded on a daily basis and are determined as described in Note 6.

The tax character of distributions paid during the year ended December 31, 2024 was as follows:

| Distributions paid from: |     | Common |           |     | Preferred |           |
|:-------------------------|:----|:-------|----------:|:----|:----------|----------:|
| Ordinary income          |     | $      |   982,634 |     | $         | 1,805,978 |
| Return of capital        |     |        | 6,180,973 |     |           |         – |
| Total distributions paid |     | $      | 7,163,607 |     | $         | 1,805,978 |

Provision for Income Taxes.The Fund intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the Code). It is the policy of the Fund to comply with the requirements of the Code applicable to regulated investment companies and to distribute substantially all of its net investment company taxable income and net capital gains. Therefore, no provision for federal income taxes is required.

At December 31, 2024, the Fund had net capital loss carryforwards for federal income tax purposes which are available to reduce future required distributions of net capital gains to shareholders. The Fund is permitted to carry capital losses forward for an unlimited period.

Capital losses that are carried forward will retain their character as either short term or long term capital losses.

| Short term capital loss carryforward with no expiration |     | $ |    11,255 |
| Long term capital loss carryforward with no expiration  |     |   | 4,390,324 |
| Total capital loss carryforwards                        |     | $ | 4,401,579 |

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The Gabelli Global Utility & Income Trust

Notes to Financial Statements (Unaudited) (Continued)

The following summarizes the tax cost of investments and the related net unrealized appreciation at June 30, 2025:

|             |     | Cost |            |     | Gross        
 Unrealized   
 Apprec