The Board of Trustees of The Gabelli Global Utility & Income Trust (NYSE Amex:GLU) (the “Fund”) approved the continuation of monthly cash distributions of $0.10 per share for October, November, and December 2010. The distribution for October 2010 will be payable on October 22, 2010 to common shareholders of record on October 15, 2010. The distribution for November 2010 will be payable on November 22, 2010 to common shareholders of record on November 15, 2010. The distribution for December 2010 will be payable on December 17, 2010 to common shareholders of record on December 14, 2010. Under the Fund’s initial 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 intends to pay a distribution of $0.10 per share each month and, if necessary, an adjusting distribution in December which includes 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 capital available. The Board of Trustees will continue to monitor the Fund’s distribution level, taking into consideration the Fund’s net asset value and the financial market environment. The Fund’s distribution policy is subject to modification by the Board of Trustees at any time. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund. 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 and interest received and net realized capital gains equal to or in excess of the aggregate distributions paid by the Fund in a given year, then the amount distributed in excess of the Fund’s investment income and net realized capital gains would be deemed a non-taxable return of capital.