Company: GLU-PB
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001658
Chunk: 20

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 20
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 credit for 5 days of borrowing during the year ended December 31, 2024 was $3,285,400 with a weighted average interest rate of 5.59%. The maximum amount borrowed at any time during the year ended December 31, 2024 was $3,255,000.

7. Capital.The Fund is authorized to issue an unlimited number of common shares of beneficial interest (par value $0.001). The Board has authorized the repurchase of its shares on the open market when the shares are trading at a discount of 10% or more (or such other percentage as the Board may determine from time to time) from the NAV of the shares. During the years ended December 31, 2024 and 2023, the Fund did not repurchase and retire any common shares in the open market.

23

The Gabelli Global Utility & Income Trust

Notes to Financial Statements (Continued)

On May 12, 2022, the Fund distributed one transferable right for each of the 5,377,458 common shares outstanding on that date. Four rights were required to purchase one additional common share at the subscription price of $16 per share. On June 30, 2022, the Fund issued 591,453 common shares receiving net proceeds of $9,148,248 after the deduction of offering expenses of $315,000. The NAV of the Fund decreased by $0.15 per share on the day the additional shares were issued due to the shares being issued below NAV.

For the years ended December 31, 2024 and 2023, transactions in common stock were as follows:

|                                                                                         |     | Year Ended   
 December 31, 
 2024         |       |     |        |        |     | Year Ended   
 December 31, 
 2023         |   |     |        |   |
|:----------------------------------------------------------------------------------------|:----|:-------------|------:|:----|:-------|-------:|:----|:-------------|:--|:----|:-------|:--|
|                                                                                         |     | Shares       |       |     | Amount |        |     | Shares       |   |     | Amount |   |
| Net increase in net assets from common shares issued upon reinvestment of distributions |     |              | 6,238 |     | $      | 97,816 |     |              | — |     |        | — |

The Fund’s Declaration of Trust,