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<TYPE>EX-99.77I NEW SECUR
<SEQUENCE>2
<FILENAME>ggutil77i.txt
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THE GABELLI GLOBAL UTILITY & INCOME TRUST
EXHIBIT TO ITEM 77I


The Gabelli Global Utility & Income Trust (the "Fund"),
organized as a Delaware statutory trust, issued 1,032,428
shares of a new Series A Cumulative Puttable and Callable
Preferred Shares (the "Series A Preferred"), par value
$0.001 per share on June 19, 2013, valued at a total of
$50,621,400.  The Series A Preferred is senior to shares
of common stock and results in the financial leveraging
of the shares of common stock.  Such leveraging tends to
magnify both the risks and opportunities to common
shareholders.  Dividends on shares of the Series A
Preferred are cumulative.  The Fund is required by the
Investment Company Act of 1940, as amended (the "1940
Act"), and by the Statement of Preferences of Series A
Cumulative Puttable and Callable Preferred Shares to meet
certain asset coverage tests with respect to the Series A
Preferred.  If the Fund fails to meet these requirements
and does not correct such failure, the Fund may be
required to redeem, in part or in full, the Series A
Preferred at a redemption price of $50 per share plus an
amount equal to the accumulated and unpaid dividends
whether or not declared on such shares in order to meet
these requirements.  Additionally, failure to meet the
foregoing asset coverage requirements could restrict the
Fund's ability to pay dividends to common shareholders
and could lead to sales of portfolio securities at
inopportune times.

The holders of Series A Preferred generally are entitled
to one vote per share held on each matter submitted to a
vote of shareholders of the Fund and will vote together
with holders of shares of common stock as a single class.
The holders of Series A Preferred voting together as a
single class also have the right currently to elect two
Trustees and under certain circumstances are entitled to
elect a majority of the Board of Trustees.  In addition,
the affirmative vote of a majority of the votes entitled
to be cast by holders of all outstanding shares of the
preferred stock, voting as a single class, will be
required to approve any plan of reorganization adversely
affecting the preferred stock, and the approval of two-
thirds of each class, voting separately, of the Fund's
outstanding voting stock must approve the conversion of
the Fund from a closed-end to an open-end investment
company.  The approval of a majority (as defined in the
1940 Act) of the outstanding preferred stock and a
majority (as defined in the 1940 Act) of the Fund's
outstanding voting securities are required to approve
certain other actions, including changes in the Fund's
investment objectives or fundamental investment policies.
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