Gabelli Global Utility & Income Trust Series B, Cumulative Puttable/Callable Preferred Shares

For year 1 (11/2018-11/2019) the coupon will be 7%. During the last dividend period of year 1 the coupon will be announced by the board of directors for years 2 and 3. During the last dividend period in year 3 (2021) the board of directors will determine the coupon for the balance of the time this issue remains outstanding. All dividend (coupon) resets will be at least 200 basis points (2%) over the 10 year treasury and the coupon will not be less than 4% nor more than 7%. The fund will redeem all shares properly “put” to it during the 30 days prior to 12/26/2021 and 12/26/2023. The redemption is at $50/share plus accrued divIdends.

As of 7/2019 the shares pay 7%, BUT this will be reset in the next 3 months


For 2020 the coupon will be 4%

Dividends Paid by Closed End Fund Preferreds may be qualified or may not be qualified distributions. Investors should check the issuer info closely to see what the current dividend status is at the time of investment




GLU-B
GLU
NA
11/11/2018
12/20/2023
None
1,370,000
0
4.00%
$50.00
Yes
No
0.50
MAR, JUN, SEP, DEC
18
MAR, JUN, SEP, DEC
26
NR
B
NR