Business Context and Reporting Period
This Form 8-K is a current report filed by The Gabelli Global Utility & Income Trust (the "Fund") on January 22, 2010, regarding an event that occurred on January 15, 2010. The Fund is a Delaware corporation with its principal executive offices in Rye, New York.
Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The report is strictly administrative in nature.
Material Changes
The Board of Trustees approved and adopted an amendment to the Fund's By-Laws effective January 15, 2010. The amendment establishes specific processes and procedures that shareholders must follow when proposing trustee nominations or other business for consideration at annual or special meetings. It also specifies additional information shareholders must provide for such proposals.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The only material disclosed is the corporate governance change regarding shareholder proposal procedures.
Key Facts for Investors
- The Fund amended its By-Laws to define stricter procedures for shareholder nominations and proposals.
- The amendment became effective immediately on January 15, 2010.
- Shareholders should review the attached Exhibit 3.1 for the full text of the new requirements.
- No financial performance data is reported in this document.