Prospectus excerpt:  The Gabelli Global Utility & Income Trust (the “Fund,” “we,” “us” or “our”) is issuing subscription rights (the “Rights”) to our common shareholders (the “Common Shareholders”) to purchase additional common shares of beneficial interest (each, a “Common Share,” and collectively, the “Common Shares”) and newly issued Series B Cumulative Puttable and Callable Preferred Shares (the “Series B Preferred Shares”). The Rights may only be exercised to purchase an equal number of Common Shares and Series B Preferred Shares and may not be exercised to purchase only Common Shares or Series B Preferred Shares or an unequal number of Common Shares and Series B Preferred Shares.