Edgar Filing: GABELLI GLOBAL UTILITY & INCOME TRUST

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-21529
------------

The Gabelli Global Utility & Income Trust
------------------------------------------------
(Exact name of registrant as specified in charter)

One Corporate Center
Rye, New York 10580-1422
------------------------------------------------
(Address of principal executive offices) (Zip code)

Bruce N. Alpert
Gabelli Funds, LLC
One Corporate Center
Rye, New York 10580-1422
------------------------------------------------
(Name and address of agent for service)

Registrant's telephone number, including area code: 1-800-422-3554
---------------

Date of fiscal year end: December 31
-------------

Date of reporting period: March 31, 2007
--------------

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. ss. 3507.

ITEM 1. SCHEDULE OF INVESTMENTS.
The Schedule(s) of Investments is attached herewith.

[LOGO OMITTED]
THE GABELLI
GLOBAL UTILITY
& INCOME TRUST

THE GABELLI GLOBAL UTILITY & INCOME TRUST

First Quarter Report
March 31, 2007

TO OUR SHAREHOLDERS,

The Gabelli Global Utility & Income Trust's (the "Fund") net asset value
("NAV") rose 4.08% in the first quarter of 2007, compared with a 9.29% gain for
the Standard & Poor's ("S&P") Utility Index and a rise of 7.74% for the Lipper
Utility Fund Average. The Fund's market price, adjusted for distributions, was
up 2.75% during the past quarter. On March 31, 2007, the Fund's market price
closed at $22.48 on the American Stock Exchange, representing a discount of
10.83% to its NAV of $25.21 at the end of the quarter.

Enclosed is the investment portfolio as of March 31, 2007.

COMPARATIVE RESULTS
----------------------------------------------------------------------------------------------------------------------

AVERAGE ANNUAL RETURNS THROUGH MARCH 31, 2007 (A)
--------------------------------------------------
Since
Inception
Quarter 1 Year 2 Year (05/28/04)
--------------------------------------------------------------

GABELLI GLOBAL UTILITY & INCOME TRUST
NAV TOTAL RETURN (B)........................... 4.08% 26.20% 17.51% 16.99%
INVESTMENT TOTAL RETURN (C) ................... 2.75 28.60 17.81 11.12
S&P 500 Utilities Index.......................... 9.29 33.77 21.06 24.84
Lipper Utility Fund Average...................... 7.74 31.44 22.31 24.50

(a) RETURNS REPRESENT PAST PERFORMANCE AND DO NOT GUARANTEE FUTURE RESULTS.
INVESTMENT RETURNS AND THE PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE.
WHEN SHARES ARE SOLD, THEY MAY BE WORTH MORE OR LESS THAN THEIR ORIGINAL
COST. CURRENT PERFORMANCE MAY BE LOWER OR HIGHER THAN THE PERFORMANCE DATA
PRESENTED. VISIT WWW.GABELLI.COM FOR PERFORMANCE INFORMATION AS OF THE MOST
RECENT MONTH END. PERFORMANCE RETURNS FOR LESS THAN ONE YEAR ARE NOT
ANNUALIZED. INVESTORS SHOULD CAREFULLY CONSIDER THE INVESTMENT OBJECTIVES,
RISKS, CHARGES, AND EXPENSES OF THE FUND BEFORE INVESTING. THE S&P 500
UTILITIES INDEX IS AN UNMANAGED INDICATOR OF ELECTRIC AND GAS UTILITY STOCK
PERFORMANCE. THE LIPPER AVERAGE REFLECTS THE AVERAGE PERFORMANCE OF
OPEN-END MUTUAL FUNDS CLASSIFIED IN THIS PARTICULAR CATEGORY. DIVIDENDS ARE
CONSIDERED REINVESTED. YOU CANNOT INVEST DIRECTLY IN AN INDEX.

(b) TOTAL RETURNS AND AVERAGE ANNUAL RETURNS REFLECT CHANGES IN NAV PER SHARE
AND REINVESTMENT OF DISTRIBUTIONS AT NAV ON THE EX-DIVIDEND DATE AND ARE
NET OF EXPENSES. SINCE INCEPTION RETURN IS BASED ON AN INITIAL NAV OF
$19.06.

(c) TOTAL RETURNS AND AVERAGE ANNUAL RETURNS REFLECT CHANGES IN CLOSING MARKET
VALUES ON THE AMERICAN STOCK EXCHANGE AND REINVESTMENT OF DISTRIBUTIONS.
SINCE INCEPTION RETURN IS BASED ON AN INITIAL OFFERING PRICE OF $20.00.
-----------------------------------------------------------------------------------------------------------------------

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We have separated the portfolio manager's commentary from the financial
statements and investment portfolio due to corporate governance regulations
stipulated by the Sarbanes-Oxley Act of 2002. We have done this to ensure that
the content of the portfolio manager's commentary is unrestricted. The
financial statements and investment portfolio are mailed separately from the
commentary. Both the commentary and the financial statements, including the
portfolio of investments, will be available on our website at www.gabelli.com.
--------------------------------------------------------------------------------

THE GABELLI GLOBAL UTILITY & INCOME TRUST
SCHEDULE OF INVESTMENTS
MARCH 31, 2007 (UNAUDITED)

MARKET
SHARES VALUE
------ ------
COMMON STOCKS -- 95.4%
AEROSPACE -- 0.9%
NON U.S. COMPANIES
68,000 Rolls-Royce Group plc+........ $ 661,373
4,025,600 Rolls-Royce Group plc, Cl. B.. 8,120
-----------
669,493
-----------
AUTOMOTIVE -- 0.9%
U.S. COMPANIES
25,000 ADESA, Inc.................... 690,750
-----------
BUSINESS SERVICES -- 0.1%
NON U.S. COMPANIES
3,700 Sistema JSFC, GDR............. 105,080
-----------
CABLE AND SATELLITE -- 3.5%
NON U.S. COMPANIES
10,000 Cogeco Inc.................... 326,981
4,000 Rogers Communications Inc.,
Cl. B ...................... 131,040
U.S. COMPANIES
40,000 Cablevision Systems Corp.,
Cl. A+ ..................... 1,217,200
16,000 EchoStar Communications Corp.,
Cl. A+ ..................... 694,880
4,580 Liberty Global Inc., Cl. A+... 150,820
4,000 Liberty Global Inc., Cl. C+... 122,560
3,000 The DIRECTV Group Inc.+....... 69,210
-----------
2,712,691
-----------
UNITS
-------
CLOSED-END FUNDS -- 0.1%
NON U.S. COMPANIES
2,103 Bell Aliant Regional
Communications
Income Fund+ (a)(b)........ 53,782
-----------
SHARES
-------
COMPUTER SOFTWARE AND SERVICES -- 0.5%
U.S. COMPANIES
5,000 WebEx Communications Inc.+.... 284,300
2,000 Yahoo! Inc.+.................. 62,580
-----------
346,880
-----------
DIVERSIFIED INDUSTRIAL -- 1.8%
NON U.S. COMPANIES
16,000 Bouygues SA................... 1,236,458
U.S. COMPANIES
3,000 Woodward Governor Co.......... 123,510
-----------
1,359,968
-----------
ENERGY AND UTILITIES: ALTERNATIVE ENERGY -- 0.1%
U.S. COMPANIES
1,500 Ormat Technologies Inc........ 62,940
-----------
ENERGY AND UTILITIES:
ELECTRIC TRANSMISSION AND DISTRIBUTION -- 6.9%
NON U.S. COMPANIES
8,775 National Grid plc, ADR........ 691,558
U.S. COMPANIES
4,900 CH Energy Group Inc........... 238,581
1,000 Consolidated Edison Inc....... 51,060
40,000 Duquesne Light Holdings Inc... 791,600
18,000 Energy East Corp.............. 438,480
5,000 Northeast Utilities........... 163,850

MARKET
SHARES VALUE
------ ------
50,000 NSTAR......................... $ 1,756,000
40,000 Pepco Holdings Inc............ 1,160,800
1,666 UIL Holdings Corp............. 57,810
-----------
5,349,739
-----------
ENERGY AND UTILITIES: INTEGRATED -- 45.2%
NON U.S. COMPANIES
150,000 AEM SpA....................... 541,017
500 Areva SA...................... 486,615
8,000 Chubu Electric Power Co. Inc.. 274,949
76,000 Datang International Power
Generation Co. Ltd., Cl. H.. 71,978
9,000 E.ON AG, ADR.................. 406,440
8,400 Electric Power
Development Co. Ltd. ....... 422,709
45,000 Enel SpA...................... 481,505
9,760 Energias de Portugal SA, ADR.. 523,819
30,000 Enersis SA, ADR............... 488,700
142,000 Hera SpA...................... 597,523
10,000 Hokkaido Electric
Power Co. Inc. ............. 265,615
10,000 Hokuriku Electric Power Co.... 221,063
2,000 Huaneng Power International
Inc., ADR .................. 69,500
20,000 Iberdrola SA.................. 945,511
5,000 Korea Electric Power
Corp., ADR ................. 100,000
10,000 Kyushu Electric Power Co. Inc. 284,284
4,500 Oesterreichische
Elektrizitaetswirtschafts AG,
Cl. A....................... 201,739
27,777 Scottish Power plc, ADR....... 1,744,118
10,000 Shikoku Electric Power
Co. Inc. ................... 238,883
10,000 The Chugoku Electric Power
Co. Inc. ................... 223,608
16,000 The Kansai Electric Power
Co. Inc. ................... 460,285
10,000 The Tokyo Electric Power
Co. Inc. ................... 341,989
10,000 Tohoku Electric Power
Co. Inc. ................... 253,734
U.S. COMPANIES
1,000 Allegheny Energy Inc.+........ 49,140
7,000 ALLETE Inc.................... 326,340
19,000 Ameren Corp................... 955,700
30,000 American Electric
Power Co. Inc. ............. 1,462,500
220,000 Aquila Inc.+.................. 919,600
1,000 Avista Corp................... 24,230
6,000 Black Hills Corp.............. 220,620
500 Cleco Corp.................... 12,915
500 CMS Energy Corp............... 8,900
300 Constellation Energy
Group Inc. ................. 26,085
60,000 DPL Inc....................... 1,865,400
44,000 Duke Energy Corp.............. 892,760
1,000 El Paso Electric Co.+......... 26,350
6,000 Florida Public Utilities Co... 74,400
9,000 FPL Group Inc................. 550,530
60,000 Great Plains Energy Inc....... 1,947,000
1,000 Green Mountain Power Corp..... 34,870
24,000 Hawaiian Electric
Industries Inc. ............ 623,760
29,500 Integrys Energy Group Inc..... 1,637,545
5,500 Maine & Maritimes Corp.+...... 104,500
6,000 MGE Energy Inc................ 212,760
45,000 NiSource Inc.................. 1,099,800
6,000 NorthWestern Corp............. 212,580

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL UTILITY & INCOME TRUST
SCHEDULE OF INVESTMENTS (CONTINUED)
MARCH 31, 2007 (UNAUDITED)

MARKET
SHARES VALUE
------ ------
COMMON STOCKS (CONTINUED)
ENERGY AND UTILITIES: INTEGRATED (CONTINUED)
U.S. COMPANIES (CONTINUED)
19,500 OGE Energy Corp............... $ 756,600
6,000 Otter Tail Corp............... 205,440
1,000 PG&E Corp..................... 48,270
15,000 Pinnacle West Capital Corp.... 723,750
4,200 PPL Corp...................... 171,780
33,000 Progress Energy Inc........... 1,664,520
20,000 Public Service Enterprise
Group Inc. ................. 1,660,800
19,000 SCANA Corp.................... 820,230
1,000 TECO Energy Inc............... 17,210
500 The Empire District
Electric Co. ............... 12,400
45,000 The Southern Co............... 1,649,250
8,000 TXU Corp...................... 512,800
18,000 Unisource Energy Corp......... 675,900
17,000 Vectren Corp.................. 486,200
41,000 Westar Energy Inc............. 1,128,320
5,000 Wisconsin Energy Corp......... 242,600
45,000 Xcel Energy Inc............... 1,111,050
-----------
34,820,989
-----------
ENERGY AND UTILITIES: NATURAL GAS INTEGRATED -- 6.5%
NON U.S. COMPANIES
80,000 Snam Rete Gas SpA............. 507,888
U.S. COMPANIES
25,000 El Paso Corp.................. 361,750
1,000 Energen Corp.................. 50,890
15,000 Kinder Morgan Inc............. 1,596,750
16,000 National Fuel Gas Co.......... 692,160
2,000 ONEOK Inc..................... 90,000
110,000 SEMCO Energy Inc.+............ 838,200
10,500 Southern Union Co............. 319,095
22,000 Spectra Energy Corp........... 577,940
-----------
5,034,673
-----------
ENERGY AND UTILITIES: NATURAL GAS UTILITIES -- 5.4%
U.S. COMPANIES
24,000 Atmos Energy Corp............. 750,720
6,000 Cascade Natural Gas Corp...... 158,100
2,000 Chesapeake Utilities Corp..... 61,880
35,000 KeySpan Corp.................. 1,440,250
20,000 Nicor Inc..................... 968,400
5,000 Piedmont Natural Gas Co. Inc.. 131,900
8,000 Southwest Gas Corp............ 310,960
10,000 The Laclede Group Inc......... 310,800
-----------
4,133,010
-----------
ENERGY AND UTILITIES: OIL -- 2.5%
NON U.S. COMPANIES
500 Niko Resources Ltd............ 36,353
1,500 PetroChina Co. Ltd., ADR...... 175,635
10,000 Royal Dutch Shell plc,
Cl. A, ADR ................. 663,000
U.S. COMPANIES
4,700 Chevron Corp.................. 347,612
2,000 ConocoPhillips................ 136,700

MARKET
SHARES VALUE
------ ------
2,000 Devon Energy Corp............. $ 138,440
1,000 Exxon Mobil Corp.............. 75,450
3,500 Giant Industries Inc.+........ 264,775
1,000 Murphy Oil Corp............... 53,400
-----------
1,891,365
-----------
ENERGY AND UTILITIES: SERVICES -- 0.1%
NON U.S. COMPANIES
5,000 ABB Ltd., ADR................. 85,900
-----------
ENERGY AND UTILITIES: WATER -- 5.3%
NON U.S. COMPANIES
1,000 Consolidated Water Co. Ltd.... 23,710
50,000 Severn Trent plc.............. 1,410,945
2,000 Suez SA....................... 105,478
12,000 Suez SA, ADR.................. 634,560
7,200 Suez SA, Strips+.............. 96
50,000 United Utilities plc.......... 743,354
U.S. COMPANIES
8,666 Aqua America Inc.............. 194,552
3,000 California Water Service Group 114,960
4,000 Middlesex Water Co............ 73,560
20,000 SJW Corp...................... 809,600
-----------
4,110,815
-----------
ENTERTAINMENT -- 0.4%
NON U.S. COMPANIES
8,000 Vivendi....................... 325,091
-----------
ENVIRONMENTAL SERVICES -- 1.6%
NON U.S. COMPANIES
75,000 Biffa plc..................... 507,704
10,000 Veolia Environnement.......... 743,531
-----------
1,251,235
-----------
FINANCIAL SERVICES -- 0.8%
U.S. COMPANIES
20,000 TD Banknorth Inc.............. 643,200
-----------
METALS AND MINING -- 0.2%
NON U.S. COMPANIES
5,000 Compania de Minas
Buenaventura SA, ADR........ 149,750
-----------
PUBLISHING -- 0.1%
U.S. COMPANIES
1,200 Idearc Inc.................... 42,120
-----------
REAL ESTATE -- 0.4%
U.S. COMPANIES
10,000 Realogy Corp.+................ 296,100
-----------
REAL ESTATE INVESTMENT TRUSTS -- 0.6%
15,000 New Plan Excel Realty Trust... 495,450
-----------
SPECIALTY CHEMICALS -- 0.5%
U.S. COMPANIES
10,000 MacDermid Inc................. 348,700
-----------
See accompanying notes to schedule of investments.

THE GABELLI GLOBAL UTILITY & INCOME TRUST
SCHEDULE OF INVESTMENTS (CONTINUED)
MARCH 31, 2007 (UNAUDITED)

MARKET
SHARES VALUE
------ ------
COMMON STOCKS (CONTINUED)
TELECOMMUNICATIONS -- 10.0%
NON U.S. COMPANIES
26,535 BCE Inc....................... $ 750,410
26,000 BT Group plc, ADR............. 1,560,260
12,000 Deutsche Telekom AG, ADR...... 198,360
6,000 France Telecom SA, ADR........ 158,400
3,000 Manitoba Telecom
Services Inc. (a) .......... 121,091
30,000 Portugal Telecom SGPS SA...... 401,956
15,000 Royal KPN N.V., ADR........... 234,450
1,500 Swisscom AG................... 542,217
24,062 Telecom Italia SpA............ 68,625
16,000 Telefonica SA, ADR............ 1,062,400
15,000 Telefonos de Mexico SAB de CV,
Cl. L, ADR ................. 501,000
U.S. COMPANIES
20,000 AT&T Inc...................... 788,600
1,000 Embarq Corp................... 56,350
20,000 Sprint Nextel Corp............ 379,200
24,000 Verizon Communications Inc.... 910,080
-----------
7,733,399
-----------
TRANSPORTATION -- 0.3%
NON U.S. COMPANIES
4,000 General Maritime Corp......... 115,520
U.S. COMPANIES
2,000 GATX Corp..................... 95,600
-----------
211,120
-----------
WIRELESS COMMUNICATIONS -- 0.7%
NON U.S. COMPANIES
1,000 Millicom International
Cellular SA+ ............... 78,360
1,600 Mobile TeleSystems OJSC, ADR.. 89,536
2,000 Vimpel-Communications, ADR+... 189,680
U.S. COMPANIES
1,000 Alltel Corp................... 62,000
2,100 United States Cellular Corp.+. 154,245
-----------
573,821
-----------
TOTAL COMMON STOCKS........... 73,498,061
-----------
CONVERTIBLE PREFERRED STOCKS -- 0.1%
TELECOMMUNICATIONS -- 0.0%
U.S. COMPANIES
500 Cincinnati Bell Inc.,
6.750% Cv. Pfd., Ser. B.... 23,375
-----------
TRANSPORTATION -- 0.1%
U.S. COMPANIES
200 GATX Corp.,
$2.50 Cv. Pfd.............. 48,009
-----------
TOTAL CONVERTIBLE
PREFERRED STOCKS............ 71,384
-----------

PRINCIPAL MARKET
AMOUNT VALUE
--------- ------

CONVERTIBLE CORPORATE BONDS -- 1.5%
AUTOMOTIVE: PARTS AND ACCESSORIES -- 0.2%
U.S. COMPANIES
$ 150,000 The Pep Boys -
Manny, Moe & Jack, Cv.,
4.250%, 06/01/07........... $ 150,375
-----------
COMMUNICATIONS EQUIPMENT -- 0.1%
U.S. COMPANIES
100,000 Agere Systems Inc., Sub. Deb. Cv.,
6.500%, 12/15/09........... 102,875
-----------
HEALTH CARE -- 0.4%
300,000 ICOS Corp., Sub. Deb. Cv...... 298,875
-----------
REAL ESTATE -- 0.4%
U.S. COMPANIES
Palm Harbor Homes Inc., Cv.,
150,000 3.250%, 05/15/24........... 125,812
200,000 3.250%, 05/15/24 (a)....... 167,750
-----------
293,562
-----------
TELECOMMUNICATIONS -- 0.4%
NON U.S. COMPANIES
300,000 Nortel Networks Corp., Cv.,
4.250%, 09/01/08........... 297,750
-----------
TOTAL CONVERTIBLE
CORPORATE BONDS............. 1,143,437
-----------
U.S. GOVERNMENT OBLIGATIONS -- 3.0%
2,298,000 U.S. Treasury Bills,
5.030% to 5.217%++,
04/05/07 to 06/28/07....... 2,284,104
-----------
TOTAL INVESTMENTS -- 100.0%
(Cost $57,971,704)...................... $76,996,986
===========

--------------
Aggregate book cost.............. $57,971,704
===========
Gross unrealized appreciation.... $19,222,123
Gross unrealized depreciation.... (196,841)
-----------
Net unrealized appreciation
(depreciation) ............... $19,025,282
===========

--------------
(a) Security exempt from registration under Rule 144A of the Securities Act
of 1933, as amended. This security may be resold in transactions exempt
from registration, normally to qualified institutional buyers. At March
31, 2007, the Rule 144A security is considered liquid and the market
value amounted to $342,623 or 0.45% of total investments.
(b) Security fair valued under procedures established by the Board of
Trustees. The procedures may include reviewing available financial
information about the company and reviewing valuation of comparable
securities and other factors on a regular basis. At March 31, 2007, the
market value of fair valued securities amounted to $53,782 or 0.07% of
total investments.
+ Non-income producing security.
++ Represents annualized yield at date of purchase.
ADR American Depository Receipt
GDR Global Depository Receipt

See accompanying notes to schedule of investments.

THE GABELLI GLOBAL UTILITY & INCOME TRUST
NOTES TO SCHEDULE OF INVESTMENTS (UNAUDITED)

1. SECURITY VALUATION. Portfolio securities listed or traded on a nationally
recognized securities exchange or traded in the U.S. over-the-counter market for
which market quotations are readily available are valued at the last quoted sale
price or a market's official closing price as of the close of business on the
day the securities are being valued. If there were no sales that day, the
security is valued at the average of the closing bid and asked prices or, if
there were no asked prices quoted on that day, then the security is valued at
the closing bid price on that day. If no bid or asked prices are quoted on such
day, the security is valued at the most recently available price or, if the
Board of Trustees (the "Board") so determines, by such other method as the Board
shall determine in good faith to reflect its fair market value. Portfolio
securities traded on more than one national securities exchange or market are
valued according to the broadest and most representative market, as determined
by the Gabelli Funds, LLC.

Portfolio securities primarily traded on a foreign market are generally
valued at the preceding closing values of such securities on the relevant
market, but may be fair valued pursuant to procedures established by the Board
if market conditions change significantly after the close of the foreign market
but prior to the close of business on the day the securities are being valued.
Debt instruments with remaining maturities of 60 days or less that are not
credit impaired are valued at amortized cost, unless the Board determines such
amount does not reflect the securities' fair value, in which case these
securities will be fair valued as determined by the Board. Debt instruments
having a maturity greater than 60 days for which market quotations are readily
available are valued at the average of the latest bid and asked prices. If there
were no asked prices quoted on such day, the security is valued using the
closing bid price.

Securities and assets for which market quotations are not readily
available are fair valued as determined by the Board.

2. GEOGRAPHIC DIVERSIFICATION.

% OF
MARKET MARKET
VALUE VALUE
------- -----------
North America.............. 69.3% $53,371,407
Europe..................... 24.6 18,942,668
Japan...................... 3.9 2,987,118
Latin America.............. 1.5 1,163,160
Asia/Pacific............... 0.7 532,633
----- -----------
100.0% $76,996,986
===== ===========

AUTOMATIC DIVIDEND REINVESTMENT
AND VOLUNTARY CASH PURCHASE PLANS

ENROLLMENT IN THE PLAN
It is the Policy of The Gabelli Global Utility & Income Trust (the "Fund") to
automatically reinvest dividends payable to common shareholders. As a
"registered" shareholder you automatically become a participant in the Fund's
Automatic Dividend Reinvestment Plan (the "Plan"). The Plan authorizes the Fund
to issue common shares to participants upon an income dividend or a capital
gains distribution regardless of whether the shares are trading at a discount or
a premium to net asset value. All distributions to shareholders whose shares are
registered in their own names will be automatically reinvested pursuant to the
Plan in additional shares of the Fund. Plan participants may send their share
certificates to Computershare Trust Company, N.A. ("Computershare") to be held
in their dividend reinvestment account. Registered shareholders wishing to
receive their distributions in cash must submit this request in writing to:

The Gabelli Global Utility & Income Trust
c/o Computershare
P.O. Box 43010
Providence, RI 02940-3010

Shareholders requesting this cash election must include the shareholder's
name and address as they appear on the share certificate. Shareholders with
additional questions regarding the Plan or requesting a copy of the terms of the
Plan may contact Computershare at (800) 336-6983.

If your shares are held in the name of a broker, bank, or nominee, you should
contact such institution. If such institution is not participating in the Plan,
your account will be credited with a cash dividend. In order to participate in
the Plan through such institution, it may be necessary for you to have your
shares taken out of "street name" and re-registered in your own name. Once
registered in your own name your distributions will be automatically reinvested.
Certain brokers participate in the Plan. Shareholders holding shares in "street
name" at participating institutions will have dividends automatically
reinvested. Shareholders wishing a cash dividend at such institution must
contact their broker to make this change.

The number of common shares distributed to participants in the Plan in lieu
of cash dividends is determined in the following manner. Under the Plan,
whenever the market price of the Fund's common shares is equal to or exceeds net
asset value at the time shares are valued for purposes of determining the number
of shares equivalent to the cash dividends or capital gains distribution,
participants are issued common shares valued at the greater of (i) the net asset
value as most recently determined or (ii) 95% of the then current market price
of the Fund's common shares. The valuation date is the dividend or distribution
payment date or, if that date is not an American Stock Exchange ("Amex") trading
day, the next trading day. If the net asset value of the common shares at the
time of valuation exceeds the market price of the common shares, participants
will receive common shares from the Fund valued at market price. If the Fund
should declare a dividend or capital gains distribution payable only in cash,
Computershare will buy common shares in the open market, or on the Amex or
elsewhere, for the participants' accounts, except that Computershare will
endeavor to terminate purchases in the open market and cause the Fund to issue
shares at net asset value if, following the commencement of such purchases, the
market value of the common shares exceeds the then current net asset value.

The automatic reinvestment of dividends and capital gains distributions will
not relieve participants of any income tax which may be payable on such
distributions. A participant in the Plan will be treated for Federal income tax
purposes as having received, on a dividend payment date, a dividend or
distribution in an amount equal to the cash the participant could have received
instead of shares.

VOLUNTARY CASH PURCHASE PLAN
The Voluntary Cash Purchase Plan is yet another vehicle for our shareholders
to increase their investment in the Fund. In order to participate in the
Voluntary Cash Purchase Plan, shareholders must have their shares registered in
their own name.

Participants in the Voluntary Cash Purchase Plan have the option of making
additional cash payments to Computershare for investments in the Fund's common
shares at the then current market price. Shareholders may send an amount from
$250 to $10,000. Computershare will use these funds to purchase shares in the
open market on or about the 1st and 15th of each month. Computershare will
charge each shareholder who participates $0.75, plus a pro rata share of the
brokerage commissions. Brokerage charges for such purchases are expected to be
less than the usual brokerage charge for such transactions. It is suggested that
any voluntary cash payments be sent to Computershare, P.O. Box 43010,
Providence, RI 02940-3010 such that Computershare receives such payments
approximately 10 days before the 1st and 15th of the month. Funds not received
at least five days before the investment date shall be held for investment until
the next purchase date. A payment may be withdrawn without charge if notice is
received by Computershare at least 48 hours before such payment is to be
invested.

SHAREHOLDERS WISHING TO LIQUIDATE SHARES HELD AT COMPUTERSHARE must do so in
writing or by telephone. Please submit your request to the above mentioned
address or telephone number. Include in your request your name, address, and
account number. The cost to liquidate shares is $2.50 per transaction as well as
the brokerage commission incurred. Brokerage charges are expected to be less
than the usual brokerage charge for such transactions.

For more information regarding the Dividend Reinvestment Plan and Voluntary
Cash Purchase Plan, brochures are available by calling (914) 921-5070 or by
writing directly to the Fund.

The Fund reserves the right to amend or terminate the Plan as applied to any
voluntary cash payments made and any dividend or distribution paid subsequent to
written notice of the change sent to the members of the Plan at least 90 days
before the record date for such dividend or distribution. The Plan also may be
amended or terminated by Computershare on at least 90 days' written notice to
participants in the Plan.

[GRAPHIC OMITTED]
PICTURE OF FLAGS

TRUSTEES AND OFFICERS
THE GABELLI GLOBAL UTILITY & INCOME TRUST
ONE CORPORATE CENTER, RYE, NY 10580-1422

TRUSTEES OFFICERS

Anthony J. Colavita Bruce N. Alpert
ATTORNEY-AT-LAW, PRESIDENT
ANTHONY J. COLAVITA, P.C.
Peter D. Goldstein
James P. Conn CHIEF COMPLIANCE OFFICER
FORMER MANAGING DIRECTOR &
CHIEF INVESTMENT OFFICER, James E. McKee
FINANCIAL SECURITY ASSURANCE HOLDINGS LTD. SECRETARY

Mario d'Urso Agnes Mullady
CHAIRMAN, MITTEL CAPITAL MARKETS SPA TREASURER

Vincent D. Enright David I. Schachter
FORMER SENIOR VICE PRESIDENT & VICE PRESIDENT
CHIEF FINANCIAL OFFICER,
KEYSPAN CORP. INVESTMENT ADVISER
Gabelli Funds, LLC
Michael J. Melarkey One Corporate Center
ATTORNEY-AT-LAW, Rye, New York 10580-1422
AVANSINO, MELARKEY, KNOBEL & MULLIGAN
CUSTODIAN
Salvatore M. Salibello State Street Bank and Trust Company
CERTIFIED PUBLIC ACCOUNTANT,
SALIBELLO & BRODER, LLP COUNSEL
Skadden, Arps, Slate, Meagher & Flom, LLP
Salvatore J. Zizza
CHAIRMAN, ZIZZA & CO., LTD. TRANSFER AGENT AND REGISTRAR
Computershare Trust Company, N.A.

STOCK EXCHANGE LISTING
Common
------
Amex-Symbol: GLU
Shares Outstanding: 3,050,236

The Net Asset Value per share
appears in the Publicly Traded
Funds column, under the
heading "Specialized Equity
Funds," in Monday's The Wall
Street Journal. It is also
listed in Barron's Mutual
Funds/Closed End Funds section
under the heading "Specialized
Equity Funds."

The Net Asset Value per share
may be obtained each day by
calling (914) 921-5070.

--------------------------------------------------------------------------------
For general information about the Gabelli Funds, call 800-GABELLI
(800-422-3554), fax us at 914-921-5118, visit Gabelli Funds' Internet homepage
at: WWW.GABELLI.COM, or e-mail us at: closedend@gabelli.com
-------------------------------------------------------------------------------

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Notice is hereby given in accordance with Section 23(c) of the Investment
Company Act of 1940, as amended, that the Fund may, from time to time,
purchase its shares in the open market when the Fund's shares are trading at a
discount of 10% or more from the net asset value of the shares.
-------------------------------------------------------------------------------

THE GABELLI GLOBAL UTILITY & INCOME TRUST
ONE CORPORATE CENTER
RYE, NY 10580-1422
(914) 921-5070
WWW.GABELLI.COM

FIRST QUARTER REPORT
MARCH 31, 2007

GLU 1Q/2007

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant's principal executive and principal financial
officers, or persons performing similar functions, have concluded
that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940,
as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective,
as of a date within 90 days of the filing date of the report that
includes the disclosure required by this paragraph, based on their
evaluation of these controls and procedures required by Rule
30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules
13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934,
as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant's internal control over
financial reporting (as defined in Rule 30a-3(d) under the 1940
Act (17 CFR 270.30a-3(d)) that occurred during the registrant's
last fiscal quarter that have materially affected, or are
reasonably likely to materially affect, the registrant's internal
control over financial reporting.

ITEM 3. EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) The Gabelli Global Utility & Income Trust
-------------------------------------------------------------------

By (Signature and Title)* /s/ Bruce N. Alpert
-------------------------------------------------------
Bruce N. Alpert, Principal Executive Officer

Date May 22, 2007
----------------------------------------------------------------------------

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

By (Signature and Title)* /s/ Bruce N. Alpert
-------------------------------------------------------
Bruce N. Alpert, Principal Executive Officer

Date May 22, 2007
----------------------------------------------------------------------------

By (Signature and Title)* /s/ Agnes Mullady
-------------------------------------------------------
Agnes Mullady, Principal Financial Officer & Treasurer

Date May 22, 2007
----------------------------------------------------------------------------

* Print the name and title of each signing officer under his or her signature.