Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 17

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 17
---
 $                     |         3 |     |                     | *     |
| Salvatore J. Zizza                  |     | Same                               |     | Gabelli Associates Fund              |     | Limited Partner Interests |     | $                     | 2,704,106 |     |                     | 1.54% |
| Salvatore J. Zizza                  |     | Same                               |     | Gabelli Performance Partnership L.P. |     | Limited Partner Interests |     | $                     |   378,064 |     |                     | *     |

| (1) | This                                                    
 information has been furnished as of December 31, 2024. |

| (2) | An                                                                                           
 asterisk indicates that the ownership amount constitutes less than 1% of the total interests 
 outstanding                                                                                  |

The
Fund pays each Independent Trustee an annual retainer of $3,000 plus $1,000 for each Board meeting attended. Each Trustee is reimbursed
by the Fund for any out-of-pocket expenses incurred in attending meetings. All Board committee members receive $500 per meeting attended,
the Audit Committee Chairman receives an annual fee of $3,000, the Nominating Committee Chairman receives an annual fee of $2,000, and
the Lead Independent Trustee receives an annual fee of $1,000. A Trustee may receive a single meeting fee, allocated among the participating
funds, for participation in certain meetings on behalf of multiple funds. The aggregate remuneration (excluding out-of-pocket

| 9 |

expenses) paid
by the Fund to such Trustees during the fiscal year ended December 31, 2024, amounted to $66,646. During the fiscal year ended December
31, 2024, the Trustees of the Fund met four times, all of which were regular quarterly Board meetings. Each Trustee then serving in such
capacity attended at least 75% of the Board meetings and of any committee of which he or she is a member.

The Audit Committee and
Audit Committee Report

The
role of the Fund’s Audit Committee is to assist the Board of Trustees in its oversight of: (i) the quality and integrity of the
Fund’s financial statement reporting process and the independent audit and reviews thereof; (ii) the Fund’s accounting and
financial reporting policies and practices, its internal controls, and, as appropriate, the internal controls of certain of its service
providers; (iii) the Fund’s compliance with legal and regulatory requirements;