RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility &amp; Income Trust (NYSE:GLU) (the &#34;Fund&#34;) approved the continuation of its policy of paying fixed monthly cash

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 per Share

Gabelli Global Utility & Income Trust raises annual payout 10%, maintains fixed monthly distributions

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility &amp;amp; Income Trust (NYSE:GLU) (the &amp;#34;Fund&amp;#34;) approved the continuation of its policy of paying fixed monthly cash</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>GLU will pay fixed monthly distributions of $0.11 for Oct–Dec 2026 and lifts the annual payout to $1.32, effective Jan 2026. The 21% net investment income and 79% net capital gains mix highlights tax considerations and potential sustainability concerns. The Board retains flexibility to modify the policy, which could impact future cash flow and NAV dynamics.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GLU maintains fixed monthly distributions; Oct-Dec 2026 payout is $0.11.</li><li>Annual distribution raised 10% to $1.32; monthly payments begin Jan 2026.</li><li>Distribution mix: ~21% net investment income, ~79% net capital gains.</li><li>Policy can change; December adjustment may occur to satisfy minimum IRS requirements.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Gabelli Global Utility &amp; Income Trust (GLU)</strong>: Direct beneficiary of the distribution policy update; yield uplift and fixed-pay structure emphasized.</li><li><strong>GAMCO Investors, Inc. (GAMI)</strong>: Parent company managing GLU; potential indirect price sensitivity to GLU&#039;s distributions and NAV implications.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The news centers on a closed-end fund&#039;s distribution policy update and governance decision, signaling income strategy shifts and potential NAV/discount dynamics for GLU.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Annual payout raised to $1.32 may narrow GLU&#039;s discount to NAV.</li><li>Fixed monthly distributions provide a predictable yield floor for GLU investors.</li><li>Board can modify policy; December adjustments could affect realized yield.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Oct-Dec 2026 distributions: $0.11 per share.</li><li>Annual distribution: $1.32 per share; up 10%.</li><li>Monthly distributions begin January 2026.</li><li>Net assets about $147 million; listed on NYSE American (GLU); CUSIP 36242L105.</li><li>2026 distribution mix: ~21% net investment income; ~79% net capital gains.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish on GLU within 3–6 months due to higher fixed yield.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility &amp; Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GLU">GLU</a>) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of October, November, and December 2026.</p>  <p align="justify">The Board of Trustees increased the annual distribution 10% to $1.32 per share, which will be paid $0.11 per share monthly, commencing with the January 2026 monthly distribution.</p> <table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:25%; width:25%; min-width:25%;"> </td><td style="max-width:25%; width:25%; min-width:25%;"> </td><td style="max-width:25%; width:25%; min-width:25%;"> </td><td colspan="2" style="max-width:25%; width:25%; min-width:25%;"> </td></tr><tr><td style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Distribution Month</td><td style="vertical-align: bottom ; ">Record Date</td><td style="vertical-align: bottom ; ">Payable Date</td><td colspan="2" style="vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Distribution Per Share</td></tr><tr><td style="max-width:25%; min-width:25%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">October</td><td style="max-width:25%; min-width:25%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">October 16, 2026</td><td style="max-width:25%; min-width:25%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">October 23, 2026</td><td colspan="2" style="max-width:3%; min-width:3%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">$0.11</td></tr><tr><td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">November</td><td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">November 13, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">November 20, 2026</td><td colspan="2" style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">$0.11</td></tr><tr><td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">December</td><td style="border-bottom: solid black 1pt ; vertical-align: bottom ; ">December 11, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: bottom ; ">December 18, 2026</td><td colspan="2" style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">$0.11</td></tr><tr><td> </td><td> </td><td> </td><td colspan="2"> </td></tr></table> <p align="justify">Each quarter, the Board of Trustees reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. If necessary, the Fund will pay an adjusting distribution in December which includes any additional income and net realized capital gains in excess of the monthly distributions for that year to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.</p>  <p align="justify">All or part of the distribution may be treated as long-term capital gain or qualified dividend income (or a combination of both) for individuals, each subject to the maximum federal income tax rate for long term capital gains, which is currently 20% in taxable accounts for individuals (or less depending on an individual’s tax bracket). In addition, certain U.S. shareholders who are individuals, estates or trusts and whose income exceeds certain thresholds will be required to pay a 3.8% Medicare surcharge on their &#34;net investment income&#34;, which includes dividends received from the Fund and capital gains from the sale or other disposition of shares of the Fund.</p>  <p align="justify">If the Fund does not generate sufficient earnings (dividends and interest income, less expenses, and realized net capital gain) equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s earnings would be deemed a return of capital. Since this would be considered a return of a portion of a shareholder’s original investment, it is generally not taxable and would be treated as a reduction in the shareholder’s cost basis.</p>  <p align="justify">Long-term capital gains, qualified dividend income, investment company taxable income, and return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would include approximately 21% from net investment income and 79% from net capital gains on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.</p>  <p align="justify"><em>Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:</em></p>  <p align="justify"><em>Adam Tokar</em><br></br><em>(914) 457-1079</em></p>  <p align="justify"><strong>About The Gabelli Global Utility &amp; Income Trust</strong><br></br>The Gabelli Global Utility &amp; Income Trust is a diversified, closed-end management investment company with $147 million in total net assets whose primary 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. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/quote/GAMI">GAMI</a>).</p>  <p align="justify">NYSE American – GLU<br></br>CUSIP – 36242L105</p>  <p>Investor Relations Contact:<br></br>Adam Tokar<br></br>(914) 457-1079<br></br>atokar@gabelli.com</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwODc2NiM3NzcyOTEyIzIyNTkwNzA="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODNjMzMzYWYtMDcxYS00ZmMyLTg2NDMtYmNkNDgyOWYxMWRjLTEyNzA2MjAtMjAyNi0wOC0xMi1lbg==/tiny/The-Gabelli-Global-Utility-Inc.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/6c262767-e553-4cf6-9c82-3e8d22a462a8"><img src="https://ml.globenewswire.com/media/6c262767-e553-4cf6-9c82-3e8d22a462a8/small/gabelli-funds-png.png" border="0" width="150" height="40" alt="Primary Logo"></img></a></p>

GLU will pay fixed monthly distributions of $0.11 for Oct–Dec 2026 and lifts the annual payout to $1.32, effective Jan 2026. The 21% net investment income and 79% net capital gains mix highlights tax considerations and potential sustainability concerns. The Board retains flexibility to modify the policy, which could impact future cash flow and NAV dynamics.

News insight

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.11 per Share

AI summary

Sentiment rationale

Key facts

Corporate Developments