<SEC-DOCUMENT>0001999371-24-010259.txt : 20240926
<SEC-HEADER>0001999371-24-010259.hdr.sgml : 20240926
<ACCEPTANCE-DATETIME>20240816162633
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001999371-24-010259
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240816

FILER:

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

	FILING VALUES:
		FORM TYPE:		CORRESP

	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>
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<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="font: 10pt EngraversGothic BT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt EngraversGothic BT; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">August 16, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B><U>VIA EDGAR</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Investment Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">100 F Street N.E.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Washington, DC 20549</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0px"></TD><TD STYLE="width: 6%; text-align: left">Attn:</TD><TD>David L. Orlic<BR>
Jeff Long</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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<TD></TD><TD><B>RE:</B></TD><TD COLSPAN="2"><B>The Gabelli Global Utility &amp; Income Trust</B></TD></TR><TR STYLE="vertical-align: top">
<TD STYLE="width: 13%"><B>&nbsp;</B></TD><TD STYLE="width: 8%"><B>&nbsp;</B></TD><TD STYLE="border-bottom: Black 1pt solid; width: 31%"><B>(File Nos.: 333-280438; 811-21529 )</B></TD>
                                            <TD STYLE="width: 48%">&nbsp;</TD></TR>
                                                                                                                          </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2in; text-indent: -0.5in">&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11pt 0 0px">Dear Mr. Orlic and Mr. Long:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Thank you for your oral comments regarding your review of the registration
statement on Form N-2 filed on June 24, 2024 (the &ldquo;<U>Registration Statement</U>&rdquo;) by The Gabelli Global Utility &amp; Income
Trust (the &ldquo;<U>Fund</U>&rdquo;) with the U.S. Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;). The Fund has considered
your comments and authorized us to respond on its behalf as set forth below. Changes to the Registration Statement will be reflected in
Pre-Effective Amendment No. 1 to the Registration Statement (the &ldquo;<U>Amendment</U>&rdquo;), which the Fund intends to file on or
about the date hereof, and will be marked to show all changes made since the initial filing of the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px; text-align: justify; text-indent: 0.5in">Your oral comments are summarized
in bold to the best of our understanding, followed by the Fund&rsquo;s responses. Capitalized terms not otherwise defined herein have
the meanings ascribed to them in the Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: center; text-indent: 0in"><B>*&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;*&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;*</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Investment Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">August 16, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0px 0px; text-indent: 0in"><B><I>Disclosure Comments</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>1.</B></TD><TD><B>Please demonstrate in your response that the Fund&rsquo;s market capitalization qualifies it to file the Registration Statement
pursuant to General Instruction A.2.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-indent: 0in"><FONT STYLE="font-size: 10pt">To file
the Registration Statement pursuant to General Instruction A.2, the Fund must meet the requirements of General Instruction 1.A of Form
S-3. Among other things, General Instruction 1.A of Form S-3 requires an issuer to</FONT> aggregate market value of the voting and non-voting
common equity held by non-affiliates of $75 million or more.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-indent: 0in">The Instruction to this item in Form
S-3 notes that &ldquo;aggregate market value of the registrant&rsquo;s outstanding voting and non-voting common equity shall be computed
by use of the price at which the common equity was last sold, or the average of the bid and asked prices of such common equity, in the
principal market for such common equity as of a date within 60 days prior to the date of filing.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-indent: 0in">The below sets forth the calculation
of the Fund&rsquo;s market capitalization in accordance with such requirements:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-indent: 0in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse; margin-left: 0.5in">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 65%; text-indent: 0in">Shares outstanding:</TD>
    <TD STYLE="width: 5%; text-indent: 0in">&nbsp;</TD>
    <TD STYLE="width: 30%; text-align: left">5,968,911</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Shares held by Mario J. Gabelli</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">78,053</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Shares held by Associated Capital Group, Inc.</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">486,810</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Shares held by Officers and Trustees</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">10,986</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Shares held by Non-Affiliates:</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">5,393,062</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">Market Price as of May 22, 2024:</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">$14.88</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-indent: 0in"><U>Aggregate Market Value</U>:</TD>
    <TD STYLE="text-indent: 0in">&nbsp;</TD>
    <TD STYLE="text-align: left"><U>$80,248,763</U></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>2.</B></TD><TD><B>Please update the data under the heading &ldquo;Price Range of Common Shares.&rdquo;</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-indent: 0in">The Fund has revised disclosure as requested.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>3.</B></TD><TD STYLE="text-align: justify"><B>Please provide a draft of the validity opinion at least five days before the requested effectiveness
date of the registration statement. </B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-align: justify; text-indent: 0in">The Fund will provide
a draft of the validity opinion as requested.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>4.</B></TD><TD STYLE="text-align: justify"><B>The power of attorney filed as an exhibit to the Registration Statement is undated. Please re-file
with the date inserted.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 12pt 0.5in; text-align: justify; text-indent: 0in">The power of attorney
has been re-filed.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Division of Investment Management</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">August 16, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Page 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>5.</B></TD><TD STYLE="text-align: justify"><B>Please confirm that there are no material changes to the forms of prospectus supplements filed with
the Registration Statement relative to the forms of prospectus supplements filed with the Fund&rsquo;s prior shelf registration statement.
</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-align: justify; text-indent: 0in">The Fund confirms
that there are no material changes to the forms of prospectus supplements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px; text-align: justify; text-indent: 0in"><B><I>Accounting Comments</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>6.</B></TD><TD STYLE="text-align: justify"><B>Include hyperlinks to information incorporated by reference.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-align: justify; text-indent: 0in">The Fund has included
the requested hyperlinks.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><B>7.</B></TD><TD STYLE="text-align: justify"><B>The N-CSR for the fiscal year ended December 31, 2023 did not include an auditors consent. Amend the
N-CSR to include an auditors consent.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 0.5in; text-align: justify; text-indent: 0in">The auditors consent
was inadvertently omitted from the Fund&rsquo;s N-CSR for the fiscal year ended December 31, 2023. An amended N-CSR was filed on August
1, 2024 in order to file the auditors consent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px 0px 0px 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-bottom: 12pt; text-align: center">* * * * * * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-indent: 0.5in">Should you have any additional comments or
concerns, please do not hesitate to contact me at (312) 407-0641.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">Best regards,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 55%">&nbsp;</TD>
  <TD STYLE="border-bottom: Black 1pt solid; width: 15%">/s/ Kevin T. Hardy</TD>
  <TD STYLE="width: 30%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD COLSPAN="2">Kevin T. Hardy</TD></TR>
</TABLE>

&nbsp;


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