GABELLI GLOBAL UTILITY & INCOME TRUST Business Summary

The Gabelli Global Utility & Income Trust (GLU) is a diversified, closed-end management investment company that generates revenue through capital appreciation and dividend income derived from a global portfolio of equity and income-producing securities. Its business model focuses on a specialized investment mandate, allocating at least 80% of assets to domestic and foreign companies within the utilities industry—including electricity, gas, water, and telecommunications—and infrastructure sectors such as airports and toll roads. The fund operates through three primary segments: regulated utilities, infrastructure operations, and dividend-paying industrial equities, often utilizing leverage through preferred stock issuances to optimize its after-tax total return. Direct competitors include the Cohen & Steers Infrastructure Fund (UTF), Reaves Utility Income Fund (UTG), and the abrdn Global Dynamic Dividend Fund (AGD), with GLU positioning itself as a niche provider of tax-advantaged income through a globally diversified, utility-centric lens. The fund was established in 2004 under the aegis of Mario J. Gabelli, the founder of GAMCO Investors, who serves as the Chairman and lead Portfolio Manager. The current executive leadership team is led by John C. Ball, who serves as President and Treasurer, alongside Portfolio Managers Timothy M. Winter and Hendi Susanto, who provide deep sector expertise in utilities and technology infrastructure. The Trust’s governance is overseen by a Board of Trustees that includes prominent members such as Douglas R. Jamieson, Co-CEO of GAMCO Investors, and Elisa M. Wilson, President of the Gabelli Foundation. This leadership team applies a proprietary value-oriented investment philosophy, supported by a centralized team of over 30 sector-focused analysts, to manage the fund’s approximately $146 million in total net assets as of early 2026.