Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 19

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 19
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 and statements required by the SEC’s independence rules,
delineating relationships between PricewaterhouseCoopers and the Fund, and discussed the impact that any such relationships might have
on the objectivity and independence of PricewaterhouseCoopers as the independent registered public accounting firm.

As
set forth above, and as more fully set forth in the Audit Charter, the Audit Committee has significant duties and powers in its oversight
role with respect to the Fund’s financial reporting procedures, internal control systems, and the independent audit process.

The
members of the Audit Committee are not, and do not represent themselves to be, professionally engaged in the practice of auditing or
accounting and are not employed by the Fund for accounting, financial management, or internal control purposes. Moreover, the Audit Committee
relies on and makes no independent verification of the facts presented to it or representations made by management or the Fund’s
independent registered public accounting firm. Accordingly, the Audit Committee’s oversight does not provide an independent basis
to determine that management has maintained appropriate accounting and/or financial reporting principles and policies, or internal controls
and procedures, designed to assure compliance with accounting standards and applicable laws and regulations. Furthermore, the Fund’s
Audit Committee’s considerations and discussions referred to above do not provide assurance that the audit of the Fund’s
financial statements has been carried out in accordance with the standards of the PCAOB or that the financial statements are presented
in accordance with U.S. generally accepted accounting principles.

| 10 |

Based
on its consideration of the audited financial statements and the discussions referred to above with management and PricewaterhouseCoopers,
and subject to the limitations on the responsibilities and role of the Audit Committee set forth in the Audit Charter and those discussed
above, the Audit Committee recommended to the Fund’s Board of Trustees that the Fund’s audited financial statements be included
in the Fund’s Annual Report for the fiscal year ended December 31, 2024.

Submitted by the Audit Committee of the Fund’s
Board of Trustees

Vincent D. Enright, Chairman
Michael
J. Melarkey
Salvatore M. Salibello
Salvatore J. Zizza

February 6, 2025

The
Audit Committee met two times during the fiscal year ended December 31, 2024. The Audit Committee is composed of four of the Fund’s
Independent Trustees, Messrs. Enright (Chairman), Melarkey, Salibello, and Zizza.