Gabelli Global Utility & Income Trust

Gabelli Global Utility & Income Trust is a non-diversified closed-end management investment company. Its investment objective is to seek consistent level of after-tax total return for its investors with an emphasis on qualified dividends by investing 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 dividends periodically. The company was founded on March 8, 2004 and is headquartered in Rye, NY.

RYE, N.Y., Nov. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of the Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved June 26, 2025 as an additional put date for the Series B Cumulative Puttable and Callable Preferred Shareholders (the “Series B Preferred”). The annual dividend rate of the Series B Preferred is 5.20%.

Gabelli Global Utility & Income Trust Adds June 26, 2025 as Put Date for Series B Preferred Shares

RYE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of October, November, and December 2024.

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions of $0.10 Per Share

Blackrock Health Sciences Trust

DNP Select Income Fund Inc

Guggenheim Strategic Opportunities Fund

Gabelli Utility Trust

Leggett & Platt

PIMCO Corporate & Income Strategy Fund

Reaves Utility Income Fund

Closed-end funds tend to cut their payouts over time due to negative consequences of leverage during market crashes, leading to potential permanent capital destruction. Today, we are looking to revisit the six funds that have inceptions prior to the 2008/09 Global Financial Crisis that have still never cut their regular distributions. A long history of no-cuts can be important for income-focused investors, but we also examine coverage and valuations to determine whether they are worth exploring further.

Closed-End Funds: 2024 Revisit Of Funds That Never Cut Distributions With Inception Pre-2008

RYE, N.Y., March 26, 2024 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (the “Board”) (NYSE American: GLU) (the “Fund”) announced the appointment of Nicolas W. Platt to the Board of the Fund effective February 13, 2024.

Gabelli Global Utility & Income Trust Appoints Nicolas W. Platt to Board of Trustees

RYE, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of the Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved June 26, 2024 as an additional put date for the Series B Cumulative Puttable and Callable Preferred Shareholders (the “Series B Preferred”). The annual dividend rate of the Series B Preferred is 5.20%.

Gabelli Global Utility & Income Trust Adds June 26, 2024 as Put Date for Series B Preferred Shares

RYE, N.Y., Nov. 22, 2023 (GLOBE NEWSWIRE) -- The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) Series B Cumulative Puttable and Callable Preferred Shareholders (the “Series B Preferred”) have an upcoming put date on December 26, 2023. The annual dividend rate of the Series B Preferred is 5.20%.

Gabelli Global Utility & Income Trust Alerts Series B Preferred Shareholders of Upcoming Put Date on December 26, 2023

The utility sector has long been a favorite of conservative investors due to its overall stability and high yields. The market mania has driven down yields, but Gabelli Global Utility & Income Trust is still able to provide its investors with a positive real yield.

GLU: A High-Risk Strategy That May Be Uncomfortable For Some Yield Seekers

RYE, N.Y., May 18, 2023 (GLOBE NEWSWIRE) -- The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of July, August, and September 2023.

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declares Distributions Of $0.10 Per Share

GLU invests in utilities and other defensive income-producing securities. GLU pays a forward yield of 7.8%. However, the yield has been funded by liquidating NAV, as GLU does not earn sufficient returns to fund the distribution.

GLU: Amortizing NAV Fund

Utilities have long been a favorite asset among conservative investors looking for stable income. Closed-end fund GLU invests in utilities and other dividend-paying companies that have similar characteristics to utilities.

GLU: Stable Yield And Distribution But Performance Is Disappointing

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Taxable Municipal Bond Trust

Central and Eastern Europe Fund

Cornerstone Total Return Fund Inc

Doubleline Opportunistic Credit Fund

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Stone Harbor Emerging Markets Total Income Fund

European Equity Fund

Eagle Point Income Company Inc

Eaton Vance Short Duration Diversified Income Fund

First Trust / Aberdeen Emerging Opportunity Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

John Hancock Hedged Equity & Income Fund

BlackRock Corporate High Yield Fund

New Ireland Fund Inc

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Madison Fund

Macquarie Global Infrastructure Total Return Fund Inc

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

RiverNorth Opportunities Fund, Inc.

Franklin Templeton Emerging Markets Income Fund

Tortoise Power And Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

GLU's rights offering has concluded. A higher than expected number of rights holders subscribed.

GLU: Rights Offering Unexpectedly Decent

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) announces the completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will issue approximately 591,000 common shares, resulting in gross proceeds to the Fund of approximately $9.4 million, assuming the over-subscription privilege is exercised. Pursuant to the Offer, the Fund issued one transferable rig

Gabelli Global Utility & Income Trust Rights Offering Concludes Raising $9.4 Million

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has extended the previously announced transferable rights offering which would allow the Fund's record date common shareholders to acquire additional common shares (the “Offering”) to June 29, 2022. Except for the expiration and issuance dates, the remainder of the terms of the Offering are unchanged. The Offering is made only by means of a prospectus, and this an

The Gabelli Global Utility & Income Trust Extends Expiration of Common Share Rights Offering to June 29, 2022

GLU's rights offering is now live. Rights are discounted versus their intrinsic value, possibly arbitrage opportunity.

GLU: Rights Offering Quick Notes

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) has approved a transferable rights offering which would allow the Fund's record date common shareholders to acquire additional common shares (the “Offering”). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund's securities. SUMMARY OF THE TERMS O

Gabelli Global Utility & Income Trust Announces Rights Offering for Common Shares Record Date and Summary of Terms

BlackRock Utilities Infrastructure & Power Opportunities Trust

Duff & Phelps Global Utility Income Fund Inc

MainStay CBRE Global Infrastructure Megatrends Fund

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

Cohen & Steers Infrastructure Fund Inc

Utilities Select Sector SPDR Fund

Several of the utility/infrastructure funds in the CEF space are pretty popular. The utility and infrastructure space can be a good fit for a CEF portfolio, providing steady income through regular cash flow due to being necessary for everyday life.

Closed-End Funds: A Check On The Utility/Infrastructure Space

GGM Macro Alignment ETF

Guggenheim Enhanced Equity Income Fund

PIMCO Dynamic Income Fund

Pimco Income Opportunity Fund

There were a total of 7 closed-end funds that have never cut their distributions with inceptions before 2008/09's GFC. We will see the loss of one of those names with PKO set to merge with PDI.

Closed-End Funds: Revisiting The Funds That Have Never Cut Distributions And Have An Inception Pre-2008

GLU has a 5.95% current yield, generous but is it sustainable? I continue a series where I examine CEFs beyond the yield with a look at GLU, another fund managed by Gabelli.

Evaluating CEFs: Narrow Distribution Coverage From GLU

Atmos Energy

Wells Fargo Utilities and High Income Fund

Direxion Flight to Safety Strategy ETF

Fidelity MSCI Utilities Index ETF

iShares U.S. Utilities ETF

John Hancock Dynamic Municipal Bond ETF

iShares Global Utilities ETF

NextEra Energy

VanEck Vectors Uranium+Nuclear Energy ETF

Invesco S&P SmallCap Utilities & Communication Services ETF

Invesco DWA Utilities Momentum ETF

Invesco S&P 500 Equal Weight Utilities ETF

ProShares UltraShort Utilities

Reaves Utilities ETF

Vanguard Utilities ETF

Energy Select Sector SPDR Fund

Despite the S&P 500 being up an impressive 18% in 2020, the utilities sector did not take part in the rally finishing the year flat. Reaves' John Bartlett has spent nearly 30 years closely tracking Utilities names through every type of investing environment.

Riding The Blue Wave: Utilities For 2021 And Beyond With UTES' John Bartlett (Podcast Transcript)

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust Energy Income and Growth Fund

Gabelli Equity Trust

Not all funds were forced to cut distributions during market panics. Today's list is of funds that have been paying the same or more regular distribution for a long time.

Closed-End Funds: These Funds Have Never Cut Distributions And Have An Inception Pre-2008

Utilities can offer conservative investors an attractive way to generate income due to their comparatively high yields and stable cash flows. The low interest rate environment has made it nearly impossible to generate a reasonable level of safe income anywhere else.

GLU: A Slow And Steady Income CEF

RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.10 per share for each of January, February, and March 2021. Distribution Month Record Date Payable Date January January 14, 2021 January 22, 2021 February February 11, 2021 February 19, 2021 March March 17, 2021 March 24, 2021

Gabelli Global Utility & Income Trust Continues Monthly Distributions, Declaring Distributions of $0.10 Per Share

Amazon

Activision Blizzard

Chewy

Alphabet

Take-Two Interactive Software

Uber

Weightwatchers International Inc.

Zynga

A handful of tech companies will emerge from the COVID-19 pandemic stronger, while investors should expect other businesses to weaken, according to a research note from Morgan Stanley.

Bet on these tech stocks to bounce back after coronavirus pandemic, says Morgan Stanley

News for Gabelli Global Utility & Income Trust ETF (GLU)