The Gabelli Global Utility & Income Trust (NYSE: GLU) is a closed-end management investment company designed to seek high current income and long-term capital appreciation by investing primarily in equity and equity-related securities of global utility and energy infrastructure companies. Listed on the New York Stock Exchange, the trust offers investors access to a diversified portfolio of firms engaged in electricity, gas, and water utility services, independent power production, energy storage and renewables, and energy transportation.
GLU’s portfolio managers employ a bottom-up research process to identify companies with stable free cash flow profiles and attractive dividend yields, while also considering top-down factors such as regulatory environments, macroeconomic trends, and currency exposure. Holdings are diversified across developed and emerging markets, including North America, Western Europe, and selected Asian and Latin American regions, to balance income potential with sector-specific growth opportunities.
To enhance its income-generating potential, GLU may use modest leverage within regulatory limits, effectively increasing its purchasing power for dividend-paying securities. The trust typically distributes a consistent monthly dividend, aiming to deliver attractive yields to shareholders regardless of short-term market fluctuations. Its closed-end structure allows the shares to trade at premiums or discounts to net asset value, offering additional opportunities for investors.
Investment advisory services for the Gabelli Global Utility & Income Trust are provided by Gabelli Funds, LLC, an affiliate of GAMCO Investors, Inc., under the oversight of an independent board of trustees. The professional team combines sector-focused expertise in utilities and infrastructure with Gabelli’s extensive history in income-oriented investing. GLU is suited for investors seeking global utility exposure and a disciplined approach to income generation within a closed-end fund format.
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