Company: GLU-PB
Filing Date: 2025-03-20
Form Type: DEF 14A
Source: 0001133228-25-002915
Chunk: 5

Company: GABELLI GLOBAL UTILITY & INCOME TRUST
Filing Date: 2025-03-20
Form: DEF 14A
Chunk 5
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 and affiliates                
 One Corporate                      
 Center                             
 Rye, NY 10580-1422                 |     | Common   |     | 568,872*      |     | 9.5%     |

| * | The shares reported are comprised of 82,062 Common Shares by Mario J. Gabelli, and 486,810                                            
 Common Shares owned by Associated Capital Group, Inc. (ACG), of which Mr. Gabelli is the Executive Chair and controlling shareholder. 
 Mr. Gabelli has less than a 100% interest in this entity and disclaims beneficial ownership of the shares owned by this entity which  
 are in excess of his indirect pecuniary interest.                                                                                     |

<div align='center'>SUMMARY OF VOTING RIGHTS
ON PROXY PROPOSALS</div>

| Proposal             |                                                               | Common                                  
 Shareholders                            |     | Preferred                               
 Shareholders                            |
| Election of Trustees |                                                               | Common and                              
 Preferred Shareholders,                 
 voting together as a single class, vote 
 to elect three Trustees:                
 Vincent D. Enright,                     
 Michael J.                              
 Melarkey, and                           
 Eileen Cheigh Nakamura                  |     | Common and                              
 Preferred Shareholders,                 
 voting together as a single class, vote 
 to elect three Trustees:                
 Vincent D. Enright,                     
 Michael J.                              
 Melarkey, and                           
 Eileen Cheigh Nakamura                  |
| Other Business       | Common                                                        
 and Preferred Shareholders, voting together as a single class |                                         |     |                                         |

| 2 |

<div align='center'>PROPOSAL: TO ELECT THREE (3) TRUSTEES OF THE FUND</div>

Nominees for the Board of Trustees

The
Board consists of nine trustees, all of whom are not “interested persons” of the Fund (as defined in the
Investment Company Act of 1940, as amended (the “1940 Act”)). The Fund divides the Board into three
classes, each class having a term of three years. Each year, the term of office of one class will expire. Vincent D. Enright,
Michael J. Melarkey, and Eileen Cheigh Nakamura have each been nominated by the Board for election to serve for a three year term to
expire at the Fund’s 2028 Annual Meeting of Shareholders or until their successors are duly elected and qualified. Each of the
Trustees of the Fund has served in that capacity since the April