GLU

Gabelli Utility & Income Trust
GLU

$15.95

0.31%

Market Cap: $95.2M

About: Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company. The Fund's objective is to seek a consistent level of after-tax total return. It predominantly invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends.

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Funds holding %

of 6,710 funds

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Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

400% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 1

20% more funds holding

Funds holding: 20 [Q1] → 24 (+4) [Q2]

4.54% less ownership

Funds ownership: 22.85% [Q1] → 18.31% (-4.54%) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 7

15% less capital invested

Capital invested by funds: $17.9M [Q1] → $15.2M (-$2.77M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for GLU.

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Financial journalist opinion

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

RYE, N.Y., Aug. 23, 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

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

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

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

RYE, N.Y., May 16, 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 July, August, and September 2024.

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

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

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

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

RYE, N.Y., Feb. 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 April, May, and June 2024.

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

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

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

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

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

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

RYE, N.Y., Nov. 16, 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 January, February, and March 2024.

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

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