Market Overview

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


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 2018.

The distribution for October 2018 will be payable on October 24, 2018 to
common shareholders of record on October 17, 2018.

The distribution for November 2018 will be payable on November 23, 2018
to common shareholders of record on November 15, 2018.

The distribution for December 2018 will be payable on December 14, 2018
to common shareholders of record on December 7, 2018.

Under the Fund's initial distribution policy, the Fund has paid a
minimum annual distribution of 6% of the initial public offering price
of $20.00 per share (a distribution of $0.10 per share each month).

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.

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 up to the maximum federal income tax rate, 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
"net investment income", which includes dividends received from the Fund
and capital gains from the sale or other disposition of shares of the

If the Fund does not generate sufficient earnings (dividends and
interest income 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.

Long-term capital gains, qualified dividend income, ordinary 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 2018 would be approximately
40% from net investment income and 60% 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 (
The final determination of the sources of all distributions in 2018 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
shareholders with taxable accounts will receive written notification
regarding the components and tax treatment for all 2018 distributions in
early 2019 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks,
charges, and expenses of the Fund before investing. More information
regarding the Fund's distribution policy and other information about the
Fund is available by calling 800-GABELLI (800-422-3554) or visiting

The Gabelli Global Utility & Income Trust is a non-diversified,
closed-end management investment company with $88 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.

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