Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 6

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 6
---
21, 2004 organizational meeting of the Fund, with the exception of
Leslie F. Foley, who became a Trustee of the Fund on May 16, 2018, Calgary Avansino, who became a Trustee of the Fund on March 25,
2021, Nicolas W. Platt who became a Trustee of the Fund on February 13, 2024, and Eileen Cheigh Nakamura who became a Trustee of the
Fund on February 13, 2025. All of the Trustees of the Fund are also directors or trustees of other investment companies for which
Gabelli Funds, LLC (the “Adviser”) or its affiliates serve as investment adviser. The classes of Trustees
are indicated below:

Nominees to Serve Until 2028 Annual Meeting of Shareholders

Vincent D. Enright
Michael J.
Melarkey
Eileen Cheigh Nakamura

Trustees Serving Until 2027 Annual Meeting of Shareholders

Calgary Avansino
James P. Conn
Nicolas W. Platt
Salvatore M. Salibello

Trustees Serving Until 2026 Annual Meeting of Shareholders

Leslie F. Foley
Salvatore J. Zizza

Under
the Fund’s Declaration of Trust, Statement of Preferences, and the 1940 Act, holders of the Fund’s outstanding Preferred
Shares, voting as a separate class, are entitled to elect two Trustees, and holders of the Fund’s outstanding Common Shares and
Preferred Shares, voting together as a single class, are entitled to elect the remaining Trustees. The holders of the Fund’s outstanding
Preferred Shares would be entitled to elect the minimum number of additional Trustees that would represent a majority of the Trustees
in the event that dividends on the Fund’s Preferred Shares become in arrears for two full years and until all arrearages are eliminated.
No dividend arrearages exist as of the date of this Proxy Statement. Mr. Conn and Ms. Foley are currently the Trustees elected solely
by the holders of the Fund’s Preferred Shares. Ms. Foley’s and Mr. Conn’s terms as Trustees are scheduled to expire
at the Fund’s 2026 and 2027 Annual Meeting of Shareholders, respectively. Therefore, they are not standing for election at this
Meeting.

Unless
instructions are provided to the contrary, it is the intention of the persons named in the proxy to vote the proxy “FOR”
the election of the nominees named above. Each nominee