The Gabelli Global Utility & Income Trust Pfd-A 2024年度报告

FORMN-CSR CERTIFIED SHAREHOLDER REPORT OF REGISTEREDMANAGEMENT INVESTMENT COMPANIES Investment Company Act file number811-21529 Date of fiscal year end:December 31 Date of reporting period:December 31, 2024 Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission tostockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is notrequired to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management andBudget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions forreducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. The OMB has reviewed thiscollection of information under the clearance requirements of 44 U.S.C. § 3507. Include a copy of the report transmitted to stockholders pursuant to Rule 30e-1 under the Act (17 CFR 270.30e-1). The Report to Shareholders is attached herewith The Gabelli Global Utility & Income TrustAnnual Report — December31, 2024 (Y)our Portfolio Management Team Timothy M. Winter, CFAPortfolio ManagerBA, Rollins CollegeMBA, University ofNotre Dame Hendi SusantoPortfolio ManagerBS, University of Minnesota MS,Massachusetts Institute of TechnologyMBA, Wharton School, University ofPennsylvania Mario J. Gabelli, CFAChief Investment Officer To Our Shareholders, For the year ended December31, 2024, the net asset value (NAV) total return of The Gabelli Global Utility & Income Trust (the Fund)was 7.7%, compared with a total return of 23.4% for the Standard & Poor’s (S&P) 500 Utilities Index. The total return for the Fund’s publiclytraded shares was 23.5%. The Fund’s NAV per share was $14.80, while the price of the publicly traded shares closed at $15.00 on the NewYork Stock Exchange (NYSE). See page 3 for additional performance information. Enclosed are the financial statements, including the schedule of investments, as of December31, 2024. Investment Objective and Strategy (Unaudited) The Gabelli Global Utility & Income Trust is a diversified, closed-end management investment company. The Fund’s investmentobjective is to seek a consistent level of after-tax total return for its investors with an emphasis on tax advantaged dividend income undercurrent tax law. Under normal market conditions, the Fund invests at least 80% of its assets in equity securities and income producingsecurities of domestic and foreign companies involved in the utilities industry and other industries that are expected to pay periodicdividends. As permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund’s annual and semiannual shareholder reportswill no longer be sent by mail, unless you specifically request paper copies of the reports. Instead, the reports will be made available on the Fund’swebsite (www.gabelli.com), and you will be notified by mail each time a report is posted and provided with a website link to access the report. If youalready elected to receive sharehold-er reports electronically, you will not be affected by this change and you need not take any action. To elect to receiveall future reports on paper free of charge, please contact your financial intermediary, or, if you invest directly with the Fund, you may call 800-422-3554 orsend an email request to info@gabelli.com. Performance Discussion (Unaudited) In 2024, the S&P Utility Index (SPU) returned 23.4% compared to the S&P 500 Composite’s return of 25.0%. The SPU performancewas led by independent power producers, including Constellation Energy (CEG; +93%), Vistra (VST; +261%; added in May of 2024), andNRG Energy (NRG; +79%), which surged on excitement over the potential for artificial intelligence (AI) data center power demand.Regulated utilities also benefitted from enthusiasm about future higher electric sales, moderating inflation and lower short-term interestrates. The median utility stock return was more muted as the 15-stock Dow Jones Utility Average returned 15.2%. The annual returnsinclude December declines of -7.9% and 8.9%, respectively, in the SPU and UTIL primarily due to higher long-term rates and a steepenedyield curve. In 2025, we expect utility stocks to benefit from structural tailwinds of accelerated electric demand, infrastructure investment andstronger EPS growth. The world is in a global ‘arms race’ for AI superiority which requires massive new power hungry data centers. Themega-cap tech companies (hy