Rye, NY
December 9, 2005
Amex - GLU
CUSIP - 36242L105
For information:
Peter Beznoska
(914) 921-5070

The Board of Trustees of The Gabelli Global Utility & Income Trust (Amex - GLU) increased the December cash distribution to $0.35 per share. This cash distribution is payable on December 23, 2005 to shareholders of record on December 15, 2005.

This action increases the previously declared $0.10 per share December cash distribution by $0.25 per share. Consistent with the Trust's distribution policy, this $0.35 per share payment will satisfy the minimum distribution requirement of the Internal Revenue Code so that the Trust will avoid the imposition of Federal income and excise tax on undistributed taxable income.

Under the Gabelli Global Utility & Income Trust's payout policy, the Trust pays a minimum annual distribution of 6% of the initial public offering price of $20.00 per share. Pursuant to this policy, the Trust pays $0.10 per share in the first eleven months of the year and 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 gain or paid-in capital available. The Trust's distribution policy is subject to modification by the Board of Trustees at any time.

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 Trust does not generate earnings from dividends, interest and net realized capital gains equal to or in excess of the aggregate distributions paid by the Trust for the year, then the amount distributed in excess of the Trust'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 non-taxable return of capital, if any, will be allocated on a pro-rata basis to all distributions to common shareholders for the year. Based on earnings to date, the distribution would include approximately 40% from net investment income and 60% from capital gains. The final determination of the source of all distributions in 2005 will be made after year-end. All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2005 distributions in early 2006 via Form 1099-DIV.

The Gabelli Global Utility & Income Trust is a non-diversified, closed-end management investment company with $63 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 Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL), which is a publicly traded NYSE listed company.