<SEC-DOCUMENT>0001193125-13-257371.txt : 20130613
<SEC-HEADER>0001193125-13-257371.hdr.sgml : 20130613
<ACCEPTANCE-DATETIME>20130613130903
ACCESSION NUMBER:		0001193125-13-257371
CONFORMED SUBMISSION TYPE:	497AD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130613
DATE AS OF CHANGE:		20130613

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GABELLI GLOBAL UTILITY & INCOME TRUST
		CENTRAL INDEX KEY:			0001282957
		IRS NUMBER:				320116828
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497AD
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-175701
		FILM NUMBER:		13910747

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		8149219105

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
</SEC-HEADER>
<DOCUMENT>
<TYPE>497AD
<SEQUENCE>1
<FILENAME>d553812d497ad.htm
<DESCRIPTION>GABELLI GLOBAL UTILITY & INCOME TRUST
<TEXT>
<HTML><HEAD>
<TITLE>&lt;![CDATA[Gabelli Global Utility &amp; Income Trust]]&gt;</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>Filed pursuant to Rule 497(a)</B> </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>File No.&nbsp;333-175701 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Rule 482 ad </B></FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px; margin-left:68%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>For information: </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:68%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Adam Tokar </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:68%; text-indent:-2%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">David Schachter </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:68%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Laurissa Martire </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:68%; text-indent:-2%"><FONT STYLE="font-family:Times New Roman" SIZE="2">(914) 921-5070 </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>PRESS RELEASE </B></FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="17%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="17%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="17%"></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">FOR&nbsp;IMMEDIATE&nbsp;RELEASE</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">Rye, New York</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NYSE&nbsp;MKT&nbsp;&#150;&nbsp;GLU</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">June&nbsp;13, 2013</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CUSIP&nbsp;&#150;&nbsp;36242L105</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="margin-top:18px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>GABELLI GLOBAL UTILITY&nbsp;&amp; INCOME TRUST </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>CONCLUDES RIGHTS OFFERING </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2"><B>Rye, NY </B>&#150; The Gabelli Global Utility&nbsp;&amp; Income Trust (NYSE MKT: GLU) (the &#147;Fund&#148;) is pleased to announce the completion of its transferable rights offering (the
&#147;Offering&#148; or &#147;Offer&#148;) in which more than one million common shares and one million newly issued Series A Cumulative Puttable and Callable Preferred Shares (the &#147;Series A Preferred&#148;) are expected to be issued, totaling
approximately $70 million. Pursuant to the Offer, the Fund issued one transferable right (a &#147;Right&#148;) for each common share of the Fund to shareholders of record (record date shareholders) as of May&nbsp;7, 2013. Holders of Rights were
entitled to purchase one common share and one newly issued Series A Preferred share by submitting three Rights and $68.50 (consisting of $18.50 for each common share plus $50.00 for each Series A preferred per share (the subscription price). The
Offer expired at 5:00 PM Eastern Time on June&nbsp;11, 2013 and the Rights no longer trade through the NASDAQ Capital Market. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Preliminary results indicate that the Fund received total subscriptions of approximately $128 million (including over-subscription
requests) for about 181% of the Offering. The over-subscription requests will be allocated <I>pro rata</I> among those fully exercising record date shareholders based on the number of Rights originally issued to them by the Fund. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">Any new common shares issued as a result of the Offer will not be record date shares for the Fund&#146;s monthly distribution to be paid
on June&nbsp;21, 2013 and will not be entitled to receive such distribution. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Fund has submitted an application to list
the Series A Preferred Shares on the NYSE MKT. The Series A Preferred Shares are expected to commence trading on the NYSE MKT shortly after the date of issuance. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">The Series A Preferred will pay distributions quarterly (&#147;dividend period&#148;) and will have an annual dividend rate of 6.00% for the four dividend periods ending on or prior to June&nbsp;26, 2014
and 3.00% for the subsequent eight dividend periods ending on or prior to June&nbsp;26, 2016. Within the dividend period ending June&nbsp;26, 2016, the Fund&#146;s Board of Trustees will determine a fixed annual dividend rate that will apply for all
subsequent dividend periods, which will be 200 basis points over the yield of the ten year U.S. Treasury Note, but in no case will the annual dividend rate be less than 3.00% or greater than 5.00%. The Series A Preferred will be non- callable for
approximately five years from the date of issuance, unless the redemption is necessary in the judgment of the Fund&#146;s Board of Trustees, to maintain the Fund&#146;s status as a regulated investment company under Subchapter M of the Internal
Revenue Code of 1986, as amended, and may be put back to the Fund during the 30-day period prior to each of June&nbsp;26, 2015 and June&nbsp;26, 2018. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
STYLE="font-family:Times New Roman" SIZE="2">We thank all our subscribing shareholders as well as the full service brokers and financial advisers who assisted our shareholders throughout the Offering. </FONT></P>
<P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2">The Gabelli Global Utility&nbsp;&amp; Income Trust is a non-diversified, closed-end management investment company with $68 million in
total net assets whose primary investment objective is to seek a consistent level of after-tax 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. (NYSE:GBL), which is a publicly traded NYSE listed company. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><B>This press release is not an
offering, which can only be made by a prospectus. Investors should consider the Fund&#146;s investment objectives, risks, charges, and expenses carefully before investing. The Fund&#146;s prospectus contains this and other important information and
should be read carefully before investing. Visit <U>www.gabelli.com</U> for more information about the Fund. </B></FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
