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<TYPE>EX-99.77D POLICIES
<SEQUENCE>2
<FILENAME>glu77d.txt
<TEXT>
THE GABELLI GLOBAL UTILITY & INCOME FUND
(the "Fund")
EXHIBIT TO ITEM 77D

POLICIES WITH RESPECT TO SECURITY INVESTMENTS

	Effective August 26, 2014, the Fund modified its
investment policies in the following ways: (a) changed the
type of securities in which under normal market conditions
the Fund will invest at least 80% of its assets from
dividend paying equity securities of companies involved to
a substantial extent in the utilities industry or other
industries to a combination of equity securities of
companies involved to a substantial extent in the utilities
industry and income producing securities (including
securities issued by other types of issuers, such as
governments), and (b) reduced from 50% to 25% the minimum
proportion of its assets the Fund will under normal
conditions invest in securities of companies involved to a
substantial extent in the utilities industry and expand the
types of securities used to satisfy this minimum from only
equity securities to debt and equity securities.


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