Gabelli Global Utility & Income Trust Continues Monthly Distributions for the Month of January, February, and March 2021, Payable on January 22, 2021, February 19, 2021 and March 24, 2021, Respectively
November 13, 2020 at 09:15 am EST
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The Board of Trustees of The Gabelli Global Utility & Income Trust 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. Record date is January 14, 2021, February 11, 2021 and March 17, 2021 and payable on January 22, 2021, February 19, 2021 and March 24, 2021, respectively.
The Gabelli Global Utility & Income Trust (the Fund) is a diversified, closed-end management investment company. The Fundâs 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.
Gabelli Global Utility & Income Trust Continues Monthly Distributions for the Month of January, February, and March 2021, Payable on January 22, 2021, February 19, 2021 and March 24, 2021, Respectively