Company: GLU-PB
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001658
Chunk: 3

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 3
---
 ambitions are moving forward. Finally, the value of existing infrastructure has become more attractive to potential buyers and consolidation activity has picked up (Iberdrola-Avangrid and Blackrock-Allete).

Thank you for your investment in the The Gabelli Global Utility & Income Trust.

We appreciate your confidence and trust.

| The views expressed reflect the opinions of the Fund’s portfolio managers and Gabelli Funds, LLC, the Adviser, as of the date of this report and are subject to change without notice based on changes in market, economic, or other conditions. These views are not intended to be a forecast of future events and are no guarantee of future results. |

<div align='center'>2</div>

Comparative Results

Average Annual Returns through December 31, 2024 (a) (Unaudited)

|                                                 |     | 1 Year |       |   |     | 5 Year |      |   |     | 10 Year |      |   |     | 15 Year |       |   |     | 20 Year |      |   |     | Since     
 Inception 
 (5/28/04) |      |   |
| The Gabelli Global Utility & Income Trust (GLU) |     |        |       |   |     |        |      |   |     |         |      |   |     |         |       |   |     |         |      |   |     |           |      |   |
| NAV Total Return (b)                            |     |        |  7.72 | % |     |        | 0.84 | % |     |         | 2.95 | % |     |         |  4.96 | % |     |         | 5.01 | % |     |           | 5.52 | % |
| Investment Total Return (c)                     |     |        | 23.52 |   |     |        | 3.17 |   |     |         | 4.98 |   |     |         |  5.75 |   |     |         | 6.03 |   |     |           | 5.91 |   |
| S&P 500 Utilities Index                         |     |        | 23.43 |   |     |        | 6.61 |   |     |         | 8.43 |   |     |         | 10.05 |   |     |         | 9