Company: GLU-PB
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001658
Chunk: 16

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 16
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 on foreign currency transactions. These book/tax differences are either temporary or permanent in nature. To the extent these differences are permanent, adjustments are made to the appropriate capital accounts in the period when the differences arise. Permanent differences were primarily due to the tax treatment of currency gains and losses and the prior year reversal of capital gain on sale of investments. These reclassifications have no impact on the NAV of the Fund. For the year ended December 31, 2024, reclassifications were made to increase paid-in capital by $9,195, with an offsetting adjustment to total distributable earnings.

Distributions to shareholders of the Fund’s 3.800% Series A Cumulative Preferred Shares (Series A Preferred) and 5.200% Series B Cumulative Preferred Shares (Series B Preferred) are recorded on a daily basis and are determined as described in Note 6.

The tax character of distributions paid during the years ended December 31, 2024 and 2023 was as follows:

|                          |     |        |   Year Ended 
 December 31, 
         2024 |     |           |           |     |        |   Year Ended 
 December 31, 
         2023 |     |           |           |
|:-------------------------|:----|:-------|-------------:|:----|:----------|----------:|:----|:-------|-------------:|:----|:----------|----------:|
|                          |     | Common |              |     | Preferred |           |     | Common |              |     | Preferred |           |
| Distributions paid from: |     |        |              |     |           |           |     |        |              |     |           |           |
| Ordinary income          |     | $      |      982,634 |     | $         | 1,805,978 |     | $      |    1,380,122 |     | $         | 2,623,243 |
| Return of capital        |     |        |    6,180,973 |     |           |         – |     |        |    5,782,571 |     |           |         – |
| Total distributions paid |     | $      |    7,163,607 |     | $         | 1,805,978 |     | $      |    7,162,693 |     | $         | 2,623,243 |

Provision for Income Taxes.The