Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 8

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 8
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ino is the daughter of Raymond C. Avansino, Jr., who is a       
 Director of GAMCO Investors, Inc., the parent company of the Fund’s Adviser. Mr. Zizza         
 is an independent director of Gabelli International Ltd., which may be deemed to be controlled 
 by Mario J. Gabelli and/or affiliates and in that event would be deemed to be under common     
 control with the Fund’s Adviser.                                                               |

| (6) | Trustee                                                   
 elected solely by holders of the Fund’s Preferred Shares. |

| (7) | On                                                                                                 
 September 9, 2015, Mr. Zizza entered into a settlement with the Securities and Exchange Commission 
 (the “SEC”) to resolve an inquiry relating to an alleged violation                                 
 regarding the making of false statements or omissions to the accountants of a company concerning   
 a related party transaction. The company in question is not an affiliate of, nor has any           
 connection to, the Fund. Under the terms of the settlement, Mr. Zizza, without admitting           
 or denying the SEC’s findings and allegation, paid $150,000 and agreed to cease and                
 desist committing or causing any future violations of Rule 13b2-2 of the Securities Exchange       
 Act of 1934, as amended (the “1934”Act). The Board has discussed                                   
 this matter and has determined that this does not disqualify Mr. Zizza from serving as an          
 Independent Trustee.                                                                               |

| (8) | Includes                                                                                   
 time served in prior officer positions with the Fund. Each officer will hold office for an 
 indefinite term until the date he or she resigns or retires or until his or her successor  
 is duly elected and qualified.                                                             |

| 5 |

| * | Nominee to serve, if elected, until the Fund’s 2028 Annual Meeting of Shareholders 
 or until his or her successor is duly elected and qualified.                       |

| ** | Term continues until the Fund’s 2027 Annual Meeting of Shareholders or until his or 
 her successor is duly elected and qualified.                                        |

| *** | Term continues until the Fund’s 2026 Annual Meeting of Shareholders or until his or 
 her successor is duly elected and qualified.                                        |

The
Board believes that each Trustee’s experience, qualifications, attributes, or skills on an individual basis and in combination
with those of other Trustees lead to the conclusion that each Trustee should serve in such capacity. Among