The Gabelli Global Utility & Income Trust Extends Expiration of Common Share Rights Offering to June 29, 2022
The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE American: GLU) (the "Fund") has extended the previously announced transferable rights offering which would allow the Fund's record date common shareholders to acquire additional common shares (the "Offering") to June 29, 2022. Except for the expiration and issuance dates, the remainder of the terms of the Offering are unchanged. The Offering is made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund's securities.
SUMMARY OF THE TERMS OF THE OFFERING
Adam Tokar at 914-457-1079.
The Offering is made pursuant to the Fund's effective shelf registration statement on file with the Securities and Exchange Commission.
Any common shares issued as a result of the Offering will not be record date shares for the Fund's monthly distributions to be paid on May 23, 2022 and June 23, 2022, and will not be entitled to receive such distributions.
Depending on market conditions at the time of closing, the Fund may use the net proceeds from the offering for investment purposes consistent with the Fund's investment objectives or, in the discretion of the Board, the proceeds may be used to redeem all or a portion of the Fund's outstanding preferred shares.
The information herein is not complete and is subject to change. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by the final prospectus. Investors should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The base prospectus contains this and additional information about the Fund and the prospectus supplement, as supplemented, contains and will contain this and additional information about the Offering, and should be read carefully before investing. For further information regarding the Offering, or to obtain a prospectus supplement and the accompanying prospectus, please contact the Fund at 800-GABELLI or 914-921-5070.
About The Gabelli Global Utility & Income Trust
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