Gabelli Global Utility & Income Trust Raises Annual Distributions 10% to $1.32, Declares $0.11 Monthly Dividends
GLU•The Board approved a 10% boost in GLU’s annual distribution to $1.32 per share, with fixed monthly payments of $0.11 for July, August and September 2026. The fund’s $146 million in net assets currently allocates distributions as roughly 25% net investment income and 75% net capital gains.
1. Distribution Policy Update
The Board of Trustees approved continuation of the fixed monthly cash distribution policy and raised the annual distribution rate by 10% to $1.32 per share, effective with the January 2026 payment. This increase marks the first rate boost since the prior review and underscores the Board’s commitment to steady income for shareholders.
2. Upcoming Payment Schedule
The trust declared $0.11 per share distributions for July, August and September 2026, with record dates on July 17, August 17 and September 16, and payable dates on July 24, August 24 and September 23. The Board will review quarterly income, realized capital gains and market conditions to determine any additional December distribution.
3. Distribution Composition and Fund Profile
With $146 million in total net assets, the fund currently allocates about 25% of distributions from net investment income and 75% from net capital gains on a book basis. The Board will adjust future payouts as needed to satisfy RIC requirements and maintain the fund’s after-tax total return objective.
