Company: GLU-PB
Filing Date: 2025-03-10
Form Type: N-CSR
Source: 0001829126-25-001658
Chunk: 1

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-10
Form: N-CSR
Chunk 1
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, CFA    
 Chief Investment Officer |     | Timothy M. Winter, CFA 
 Portfolio Manager      
 BA, Rollins College    
 MBA, University of     
 Notre Dame             |     | Hendi Susanto                         
 Portfolio Manager                     
 BS, University of Minnesota MS,       
 Massachusetts Institute of Technology 
 MBA, Wharton School, University of    
 Pennsylvania                          |

To Our Shareholders,

For the year ended December 31, 2024, the net asset value (NAV) total return of The Gabelli Global Utility & Income Trust (the Fund) was 7.7%, compared with a total return of 23.4% for the Standard & Poor’s (S&P) 500 Utilities Index. The total return for the Fund’s publicly traded shares was 23.5%. The Fund’s NAV per share was $14.80, while the price of the publicly traded shares closed at $15.00 on the New York Stock Exchange (NYSE). See page 3 for additional performance information.

Enclosed are the financial statements, including the schedule of investments, as of December 31, 2024.

Investment Objective and Strategy (Unaudited)

The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company. The Fund’s investment objective is to seek a consistent level of after-tax total return for its investors with an emphasis on tax advantaged dividend income under current tax law. Under normal market conditions, the Fund invests at least 80% of its assets in equity securities and income producing securities of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay periodic dividends.

| As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semiannual shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’s website (www.gabelli.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you already elected to receive sharehold-er reports electronically, you will not be affected by this change and you need not take any action. To elect to receive all future reports on paper free of charge, please contact your financial intermediary, or, if you invest directly with the Fund, you may call 800-422-3554 or send an email request to info@gabelli.com. |

Performance Discussion (Unaudited)

In 2024, the