Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 29

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 29
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15% of all voting power; |

| • | 15%                                             
 or more, but less than 20% of all voting power; |

| • | 20%                                             
 or more, but less than 25% of all voting power; |

| • | 25%                                             
 or more, but less than 30% of all voting power; |

| • | 30%                                                       
 or more, but less than a majority of all voting power; or |

| • | a                                     
 majority or more of all voting power. |

Under
the DSTA Control Share Statute, once a threshold is reached, an acquirer has no voting rights with respect to shares in excess of that
threshold (i.e., the “control shares”) until approved by a vote of shareholders, as described above, or otherwise exempted
by the Fund’s Board of Trustees. The DSTA Control Share Statute contains a statutory process for an acquiring person to request
a shareholder meeting for the purpose of considering the voting rights to be accorded control shares. An acquiring person must repeat
this process at each threshold level. The DSTA Control Share Statute effectively allows non-interested shareholders to evaluate the intentions
and plans of an acquiring person above each threshold level.

Under
the DSTA Control Share Statute, an acquiring person’s “associates” are broadly defined to include, among others, relatives
of the acquiring person, anyone in a control relationship with the acquiring person, any investment fund or other collective investment
vehicle that has the same investment adviser as the acquiring person, any investment adviser of an acquiring person that is an investment
fund or other collective investment vehicle and any other person acting or intending to act jointly or in concert with the acquiring
person.

Voting
power under the DSTA Control Share Statute is the power (whether such power is direct or indirect or through any contract, arrangement,
understanding, relationship or otherwise) to directly or indirectly exercise or direct the exercise of the voting power of shares of
the Fund in the election of the Fund’s Trustees (either generally or with respect to any subset, series or class of trustees, including
any Trustees elected solely by a particular series or class of shares, such as the preferred shares). Thus, Fund preferred shares, including
the Series A and Series B Preferred Shares, acquired in excess of the above thresholds would be considered control shares with respect
to the preferred share class vote for two Trustees.

Any
control shares of the Fund acquired