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Gabelli Global Utility & Income Trust Announces Additional Put Dates for Series B Preferred Shares
Globenewswireยท 2025-04-28 20:00
Core Points - The Gabelli Global Utility & Income Trust has approved additional put dates for Series B Preferred shareholders, with an annual dividend rate of 5.20% [1][2] - Shareholders can put their shares to the Fund during specified 60-day periods until June 26, 2027, after which the shares will become perpetual [2] - The Series B Preferred Shares were issued at $50.00 per share on December 19, 2018, and are callable at the same liquidation value plus accrued dividends [2][3] Company Overview - The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company with total net assets of $122 million, focusing on after-tax total return and tax-advantaged dividend income [4] - The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. [4]