Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 31

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 31
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 Share Statute to any other acquisition of Fund shares
is in the best interest of the Fund and its shareholders and has not exempted, and has no present intention to exempt, any other acquisition
or class of acquisitions.

If
the Board of Trustees receives a notice of a control share acquisition and/or a request to exempt any acquisition, it will consider whether
the application of the DSTA Control Share Statute or the granting of such an exemption would be in the best interest of the Fund and
its shareholders. The Fund should not be viewed as a vehicle for trading purposes. It is designed primarily for risk-tolerant long-term
investors.

The
foregoing is only a summary of the material terms of the DSTA Control Share Statute. Shareholders should consult their own counsel with
respect to the application of the DSTA Control Share Statute to any particular circumstance. Some uncertainty around the general application
under the 1940 Act of state control share statutes exists as a result of recent federal and state court decisions which have held that
control share acquisition provisions in funds’ governing documents are not consistent with the 1940 Act. The Board of Trustees
has considered the DSTA Control Share Statute and the uncertainty and the general application under the 1940 Act of state control share
statutes and enforcement of state control share statutes. The Board of Trustees intends to continue to monitor developments relating
to the DSTA Control Share Statute and state control share statutes generally. Additionally, in some circumstances uncertainty may also
exist in how to enforce the control share restrictions contained in state control share statutes against beneficial owners who hold their
shares through financial intermediaries.

The
ownership restrictions set forth in the Fund’s Governing Documents and the limitations of the DSTA Control Share Statute described
above could have the effect of depriving shareholders of an opportunity to sell their shares at a premium over prevailing market prices
by discouraging a third party from seeking to obtain control over the Fund and may reduce market demand for the Fund’s common shares,
which could have the effect of increasing the likelihood that the Fund’s common shares trade at a discount to net asset value and
increasing the amount of any such discount.

<div align='center'>OTHER MATTERS TO COME BEFORE THE
MEETING</div>

The
Trustees of the Fund do not intend to present any other business at the Meeting, nor are they aware that any shareholder intends to do
so. If, however, any other matters, including adjournments,