Company: GLU-PB
Filing Date: 2025-09-04
Form Type: N-CSRS
Source: 0001829126-25-007144
Chunk: 20

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-09-04
Form: N-CSRS
Chunk 20
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 “Interest expense” in the Statement of Operations. During the six months ended June 30, 2025 there were no borrowings under the line of credit.

7. Capital.The Fund is authorized to issue an unlimited number of common shares of beneficial interest (par value $0.001). The Board has authorized the repurchase of its shares on the open market when the shares are trading at a discount of 10% or more (or such other percentage as the Board may determine from time to time) from the NAV of the shares. During the six months ended June 30, 2025 and the year ended December 31, 2024, the Fund did not repurchase and retire any common shares in the open market.

On May 12, 2022, the Fund distributed one transferable right for each of the 5,377,458 common shares outstanding on that date. Four rights were required to purchase one additional common share at the subscription price of $16 per share. On June 30, 2022, the Fund issued 591,453 common shares receiving net proceeds of $9,148,248 after the deduction of offering expenses of $315,000. The NAV of the Fund decreased by $0.15 per share on the day the additional shares were issued due to the shares being issued below NAV.

For the six months ended June 30, 2025 and the year ended December 31, 2024, transactions in common stock were as follows:

|                                                                                         |     |        | Six Months Ended 
         June 30, 
             2025 
      (Unaudited) |     |        |         |     |        |   Year Ended 
 December 31, 
         2024 |     |        |        |
|:----------------------------------------------------------------------------------------|:----|:-------|-----------------:|:----|:-------|--------:|:----|:-------|-------------:|:----|:-------|-------:|
|                                                                                         |     | Shares |                  |     | Amount |         |     | Shares |              |     | Amount |        |
| Net increase in net assets from common shares issued upon reinvestment of distributions |     |        |            9,380 |     | $      | 150,813 |     |        |        6,238 |     | $      | 97,816 |

The Fund’s Declaration of Trust, as amended, authorizes the issuance of an unlimited number of shares of $