Gabelli Global Utility adds put date for 5.2% series B preferreds

By Wendy Van Sickle

Columbus, Ohio, Dec. 11 – Gabelli Global Utility & Income Trust’s board of trustees has approved June 26, 2024 as an additional put date for its 5.2% series B cumulative preferred shares, according to a news release.

Each series B preferred shareholder now has the right to put their shares to the fund in each of the 60-day periods ending Dec. 26, June 26, 2024 and Dec. 26, 2024, after which the series B preferred becomes perpetual.

The series B preferred shares become callable on Dec. 19 after proper notification is given, at the liquidation value of $50 per share plus accrued dividends.

The shares were issued on Dec. 19, 2018.

The preferreds trade under the symbol “GLUPrB” on the New York Stock Exchange.

Gabelli is a Rye, N.Y.-based investment firm.

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