Gabelli Global Utility & Income Trust Announces Annual Meeting of Shareholders

TL;DR

<b>Gabelli Global Utility & Income Trust schedules its Annual Shareholder Meeting for May 13, 2024, including trustee elections.</b>

AI Summary

GABELLI GLOBAL UTILITY & INCOME TRUST (GLU-PA) filed a Proxy Statement (DEF 14A) with the SEC on March 21, 2024. The Gabelli Global Utility & Income Trust will hold its Annual Meeting of Shareholders on May 13, 2024. The meeting will take place at 10:15 a.m. ET at GAMCO Investors, Inc. in Rye, New York, and virtually via webcast. Shareholders will vote on the election of four Trustees: three for common shares and one for Series A Cumulative Preferred Shares. The filing is a Definitive Proxy Statement (DEF 14A) filed on March 21, 2024. The company's fiscal year ends on December 31.

Why It Matters

For investors and stakeholders tracking GABELLI GLOBAL UTILITY & INCOME TRUST, this filing contains several important signals. This meeting is crucial for shareholders to exercise their voting rights in electing the Fund's Trustees, directly impacting the company's governance and strategic direction. The dual format (in-person and virtual) aims to increase shareholder participation in key decisions regarding the Fund's leadership.

Risk Assessment

Risk Level: low — GABELLI GLOBAL UTILITY & INCOME TRUST shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, with no immediate financial or operational risks indicated.

Analyst Insight

Shareholders should review the proxy materials to make informed voting decisions on the election of Trustees.

Key Numbers

• 4 — Trustees to be elected (Election of Trustees)
• 3 — Trustees for common shares (Election of Trustees)
• 1 — Trustee for Series A Cumulative Preferred Shares (Election of Trustees)

Key Players & Entities

• GABELLI GLOBAL UTILITY & INCOME TRUST (company) — Registrant
• May 13, 2024 (date) — Annual Meeting date
• GAMCO Investors, Inc. (company) — Location of in-person meeting
• Rye, New York (location) — Address of meeting
• March 21, 2024 (date) — Filing date
• 10:15 a.m. ET (time) — Meeting start time

FAQ

Risk Factors

• Compliance with SEC Regulations [low — regulatory]: The Fund must comply with all SEC regulations regarding proxy solicitations and shareholder meetings.
• Meeting Logistics [low — operational]: Ensuring smooth execution of both in-person and virtual meeting components is critical for shareholder engagement.

Industry Context

The Gabelli Global Utility & Income Trust is a closed-end management investment company. Its primary investment objective is to seek a high level of total return, with an emphasis on both income and capital appreciation.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies from shareholders.

What Investors Should Do

1. Review the proxy statement for details on trustee nominees and voting matters.
2. Determine preferred method of attendance (in-person or virtual) for the May 13, 2024 meeting.
3. Cast votes for the election of Trustees prior to or during the meeting.

Key Dates

• 2024-05-13: Annual Meeting of Shareholders — Shareholders will vote on the election of Trustees.
• 2024-03-21: Filing Date — Definitive Proxy Statement filed with the SEC.

Year-Over-Year Comparison

This is a DEF 14A filing for the annual meeting, indicating a routine corporate governance event.

Key Financial Figures

• $1,000 — tion of proxies for an estimated fee of $1,000 plus reimbursement of expenses. The Fun
• $0.001 — t outstanding: common shares, par value $0.001 per share (Common Shares''), and prefer
• $150,000 — the SEC's findings and allegation, paid $150,000 and agreed to cease and desist committi

Filing Documents

• glu-html7535_def14a.htm (DEF 14A) — 242KB
• proxy001.jpg (GRAPHIC) — 545KB
• proxy002.jpg (GRAPHIC) — 744KB
• proxy003.jpg (GRAPHIC) — 552KB
• proxy004.jpg (GRAPHIC) — 744KB
• proxy005.jpg (GRAPHIC) — 552KB
• proxy006.jpg (GRAPHIC) — 744KB
• 0001133228-24-002386.txt (&nbsp;) — 9157KB
• glu-20240403.xsd (EX-101.SCH) — 3KB
• glu-20240403_def.xml (EX-101.DEF) — 3KB
• glu-20240403_lab.xml (EX-101.LAB) — 2KB
• glu-20240403_pre.xml (EX-101.PRE) — 2KB
• glu-html7535_def14a_htm.xml (XML) — 15KB

From the Filing

SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Sec. 240.14a-12 The Gabelli Global Utility & Income Trust (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration 3) Filing Party: 4) Date Filed: THE GABELLI GLOBAL UTILITY & INCOME TRUST One Corporate Center Rye, New York 10580-1422 (914) 921-5070 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held on May 13, 2024 To the Shareholders of THE GABELLI GLOBAL UTILITY & INCOME TRUST Notice is hereby given that the Annual Meeting of Shareholders of The Gabelli Global Utility & Income Trust, a Delaware statutory trust (the Fund''), will be held on Monday, May 13, 2024, at 10:15 a.m., ET, at GAMCO Investors, Inc., One Corporate Center, 401 Theodore Fremd Avenue, Rye, New York, 10580 and virtually by Internet webcast (the Meeting''), and at any adjournments or postponements thereof for the following purposes: 1. To elect four (4) Trustees of the Fund, three (3) Trustees to be elected by the holders of the Fund's common shares and holders of its Series A Cumulative Puttable and Callable Preferred Shares and Series B Cumulative Puttable and Callable Preferred Shares (together, the Preferred Shares''), voting together as a single class, and one (1) Trustee to be elected by holders of the Fund's Preferred Shares, voting as a separate class; and 2. To consider and vote upon such other matters, including adjournments, as may properly come before said Meeting or any adjournments or postponements thereof. These items are discussed in greater detail in the attached Proxy Statement. We are conducting a "hybrid" meeting - you may attend in person or virtually. Whether or not you plan to attend the Meeting in person, shareholders must register in advance by submitting the required information to the Fund at: http://Gabelli.com/CEFAnnualMeeting. Following registration, a shareholder will be provided with instructions regarding how to access the virtual Meeting, including the link for the Meeting. Requests for registration must be received no later than 5:00 p.m., ET, on May 12, 2024. Shareholders will receive an email confirming their registration and providing instructions for participating in the Meeting. Any questions should be directed to CEFProxy@gabelli.com. The close of business on March 15, 2024, has been fixed as the record date for the determination of shareholders entitled to notice of and to vote at the Meeting and any adjournments or postponements thereof. YOUR VOTE IS IMPORTANT REGARDLESS OF THE SIZE OF YOUR HOLDINGS IN THE FUND. WE ENCOURAGE YOU TO VOTE YOUR PROXY IN ADVANCE OF THE MEETING, EVEN IF YOU PLAN TO ATTEND THE MEETING. SHAREHOLDERS MAY AUTHORIZE THEIR PROXY BY TELEPHONE OR THE INTERNET. ALTERNATIVELY, SHAREHOLDERS MAY SUBMIT VOTING INSTRUCTIONS BY SIGNING AND DATING THE PROXY CARD AND RETURNING IT IN THE ACCOMPANYING POSTAGE-PAID ENVELOPE. By Order of the Board of Trustees, PETER GOLDSTEIN Secretary April 3, 2024 INSTRUCTIONS FOR SIGNING PROXY CARDS TO BE RETURNED BY MAIL The following general rules for signing proxy cards may be of assistance to you and avoid the time and expense to the Fund involved in validating your vote if you fail to properly sign your proxy card. 1. Individual Accounts: Sign your name exactly as it appears in the registration on the proxy card. 2. Joint Accounts: Either party may sign, but the name of the party signing should conform exactly to the name shown in the registration. 3. All Other Accounts: The capacity of the individuals signing the proxy card should be indicated unless it is reflected in the form of regi

View Full Filing

View this DEF 14A filing on SEC EDGAR