Gabelli Global Utility & Income Trust (A:GLU)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Corporate Center RYE NY 10580 |
| Tel: | N/A |
| Website: | https://www.gabelli.com/funds/closed_ends/-115 |
| IR: | See website |
| Key People | ||
| John C. Ball President, Principal Financial and Accounting Officer, Treasurer | Richard J. Walz Chief Compliance Officer | Peter D. Goldstein Vice President, Secretary |
| David I. Schachter Vice President | Adam E. Tokar Vice President, Ombudsman | |
| Business Overview |
| The Gabelli Global Utility & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fund's 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. Under normal market conditions, the Fund invests at least 80% of its assets in equity securities and income-producing securities (such as governments) of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay periodic dividends. The Fund invests in sectors, such as integrated energy and utilities, telecommunications, food and beverage, cable and satellite, financial services, alternative energy, electronics, wireless communications, building and construction, computer software and services, metals and mining, hotels and gaming, and consumer products, among others. The Fund's investment advisor is Gabelli Funds, LLC. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Gabelli Global Utility & Income Trust revenues increased 29% to $5.2M. Net income applicable to common stockholders totaled $1.1M vs. loss of $20.5M. Revenues reflect Interest increase from $431K to $1.5M, Dividends increase of 1% to $3.7M. Net Income reflects Net change in unrealized appreciation increase from $23.6M (expense) to $3.8M (income). |
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