Gabelli Global Utility & Income Trust Resets Dividend Rate to 4.00% for Its Series B Cumulative Puttable and Callable Preferred Shares
Gabelli Global Utility Common Shares of Beneficial Ownership (GLU)
NASDAQ:AMEX Investor Relations:
gabelli.com/funds/products/-115.html
Company Research
Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)--The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE MKT:GLU) (the “Fund”) reset the annual dividend rate to 4.00% or $2.00 per share for the Series B Preferred Shares, effective for the eight dividend periods after the dividend period ending December 26, 2019, pursuant to the provisions of its Statement of Preferences.The Series B Preferred Shares, which trade on the NYSE American under the symbol “GLU Pr B” were issued on December 19, 2018 at $50.00 per share. The Series B Preferred will pay distributions quarterly at an annualized dividend rate of 4.00% of the $50.00 per share liquidation preference for the next eight quarterly dividend periods (“Year 2” and “Year 3”), beginning with the dividend payment on March 26, 2020. At least 30 days prior to the end of Year 3, the Fund’s Board of Trustees will determine and publicly announce a reset fixed dividend rate that will apply for all future quarterly dividend periods. Each reset di
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Sec Filings
- 9/6/24 - Form N-CSRS
- 8/30/24 - Form N-PX
- 8/29/24 - Form NPORT-P
- GLU's page on the SEC website