The Board of Trustees of The Gabelli Global Utility & Income Trust (Amex:GLU) approved the continuation
of monthly distributions of $0.10 per share for April, May, and June 2007.
Under the Gabelli Global Utility & Income Trust's distribution policy, the Fund pays a minimum annual
distribution of 6% of the initial public offering price of $20.00 per share. Pursuant to this policy,
the Fund pays $0.10 per share in the first eleven months of the year with an adjusting distribution in
December which includes, if necessary, any additional income and net realized capital gains in excess
of the monthly distributions for that year to satisfy the minimum distribution requirements of the
Internal Revenue Code. Each quarter, the Board of Trustees reviews the amount of any potential
distribution and the income, capital gains, or capital available. The Fund's distribution policy is
subject to modification by the Board of Trustees at any time.
The distribution for April 2007 will be payable on April 24, 2007 to shareholders of record on April 16, 2007.
The distribution for May 2007 will be payable on May 24, 2007 to shareholders of record on May 16, 2007.
The distribution for June 2007 will be payable on June 25, 2007 to shareholders of record on June 15, 2007.
A portion of the distribution may be treated as long-term capital gain and qualified dividend income for
individuals, each subject to the maximum Federal income tax rate, which is currently 15% in taxable accounts
for individuals. If the Fund does not generate earnings from dividends, interest, and net realized capital
gains equal to or in excess of the aggregate distributions paid by the Fund for the year, then the amount
distributed in excess of the Fund's investment income and net realized capital gains will be deemed a
non-taxable return of capital.
Long-term capital gains, qualified dividend income, ordinary income, and paid-in capital, if any, will be
allocated on a pro-rata basis to all distributions to common shareholders for the year. As of February 26,
2007, the date of this press release, each of the distributions paid in 2007 would include approximately 12%
from net investment income, 71% from net capital gains, and 17% from paid-in capital. The estimated
components of each distribution are provided to shareholders of record in a notice accompanying the
distribution and are available on our website (www.gabelli.com). The final determination of the sources of
all distributions in 2007 will be made after year-end, and can vary from the quarterly estimates. All
shareholders with taxable accounts will receive written notification regarding the components and tax
treatment for all 2007 distributions in early 2008 via Form 1099-DIV.
The Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company
with $76 million in total assets whose primary investment objective is to seek a consistent level of after-tax
total return over the long-term with an emphasis currently on tax-advantaged dividend income under current tax
law. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a
publicly traded NYSE listed company.