Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Continues Monthly Distributions NAV Total Return of 38% In 2025

Rhea-AI Summary

Gabelli Multimedia Trust (NYSE:GGT) approved continuation of a $0.88 per share annual distribution paid monthly in 2026, equivalent to a 21% cash-on-cash distribution. The Board declared April–June 2026 monthly payments of $0.07, $0.07 and $0.08 per share, payable April 23, May 21 and June 23, 2026.

The Fund reported a 38% NAV total return in 2025, will fund monthly payments from taxable income and may include return of capital; it no longer intends to rely on prior SEC exemptive relief for a managed distribution policy.

Positive

• NAV total return of 38% in 2025
• Annual distribution of $0.88 per share providing a 21% cash-on-cash yield
• Confirmed monthly distribution schedule with April–June 2026 per-share amounts and payable dates

Negative

• A portion of distributions may be return of capital, affecting tax basis
• Fund no longer intends to rely on prior SEC exemptive relief for managed distributions
• Distributions are subject to change and may be reduced by the Board due to fluctuating income

Key Figures

Annual distribution: $0.88 per share NAV total return: 38% Cash-on-cash distribution: 21% +4 more

7 metrics

Annual distribution $0.88 per share 2026 annual distribution maintained under monthly policy

NAV total return 38% Fund NAV total return in 2025

Cash-on-cash distribution 21% Implied yield of 2026 annual distribution

Quarterly distribution $0.22 per share Paid via three monthly installments each quarter

April 2026 distribution $0.07 per share Record date April 16, 2026; payable April 23, 2026

May 2026 distribution $0.07 per share Record date May 14, 2026; payable May 21, 2026

June 2026 distribution $0.08 per share Record date June 15, 2026; payable June 23, 2026

Market Reality Check

Price: $4.30 Vol: Volume 359,364 is 1.32x t...

normal vol

$4.30 Last Close

Volume Volume 359,364 is 1.32x the 20-day average of 271,637, indicating elevated trading interest ahead of this distribution update. normal

Technical Shares at $4.30 are trading above the 200-day moving average of $4.18, while sitting about 12.96% below the 52-week high of $4.94.

Peers on Argus

GGT gained 2.63% while close-end fund peers showed mixed, small moves (e.g., BWG...

GGT gained 2.63% while close-end fund peers showed mixed, small moves (e.g., BWG slightly higher, BANX and EDF slightly lower, GRX and MSD modestly higher). This pattern points to a stock-specific reaction to GGT’s distribution announcement rather than a broad asset management sector move.

Historical Context

2 past events · Latest: Nov 12 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Nov 12	Distribution reaffirmed	Positive	+0.5%	Board confirmed $0.88 annual distribution with 33% YTD NAV total return.
Aug 21	Distribution reaffirmed	Positive	+0.7%	Maintained $0.88 annual payout and detailed Q4 2025 monthly distributions.

Pattern Detected

Recent distribution reaffirmation announcements have corresponded with modest positive price reactions.

Recent Company History

Over the past year, GGT has repeatedly emphasized the stability of its $0.88 annual distribution and a fixed monthly payout structure. News on Aug 21, 2025 and Nov 12, 2025 both highlighted continuation of the policy and noted high cash-on-cash yields alongside strong NAV total returns. Those announcements saw small positive moves of 0.72% and 0.48%. Today’s update, again underscoring a $0.88 annual distribution and a 38% NAV total return for 2025, fits this pattern of steady, income-focused messaging.

Market Pulse Summary

This announcement reaffirmed GGT’s $0.88 annual distribution via fixed monthly payments and highligh...

Analysis

This announcement reaffirmed GGT’s $0.88 annual distribution via fixed monthly payments and highlighted a 38% NAV total return in 2025. It detailed specific April–June 2026 payment dates and clarified that distributions may include return of capital, with final tax character reported on Form 1099-DIV. Investors may watch how future distributions balance income versus capital, and how portfolio performance supports the stated 21% cash-on-cash distribution rate.

Key Terms

managed distribution policy, exemptive order, Investment Company Act, investment company taxable income, +2 more

6 terms

managed distribution policy financial

"The Fund previously paid quarterly distributions in accordance with a “managed distribution policy”..."

A managed distribution policy is a company’s plan to pay regular cash to shareholders at a set rate by combining income, dividends and occasional return of capital. Think of it as a scheduled withdrawal from a household account: it can provide steady income for investors, but part of the payment may come from savings rather than ongoing earnings, so investors should watch how those payments are funded and whether they are sustainable over time.

exemptive order regulatory

"policy” adopted pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission..."

A regulatory agency's formal permission that lets a company or fund temporarily or permanently skip or change a specific rule it would normally have to follow. Think of it as a special waiver or shortcut granted for particular circumstances; for investors it matters because it can change how a product is structured, how much risk or transparency exists, or what fees and conflicts are allowed, all of which can affect returns and investment safety.

Investment Company Act regulatory

"more frequently than the limits provided in the Investment Company Act and the rules and regulations thereunder."

The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

investment company taxable income financial

"intend to make monthly cash distributions of all or a portion of its investment company taxable income..."

The portion of an investment fund’s earnings — interest, dividends and realized gains minus allowable deductions — that is subject to income tax and is used to determine the tax character of distributions to shareholders. Think of it like a household’s taxable paycheck: it tells investors how much of a fund’s payout will be treated as taxable income versus tax-advantaged returns, which affects after-tax yield and tax planning.

return of capital financial

"A portion of each distribution may be a return of capital."

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

Form 1099-DIV regulatory

"All individual shareholders with taxable accounts will receive ... via Form 1099-DIV."

Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.

AI-generated analysis. Not financial advice.

RYE, N.Y, Feb. 11, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions, reflective of the strength of the Fund’s NAV total return of 38% in 2025. The 2026 annual distribution of $0.88 per share currently equates to a 21% “cash on cash” distribution.

Under its monthly distribution policy, the Fund will continue to pay a $0.22 per share quarterly distribution, with $0.07 per share paid for each of the first two months of the quarter and $0.08 per share paid in the third month of each quarter. The Board of Directors declared cash distributions as set forth below for each of April, May, and June 2026.

Distribution Month	Record Date	Payable Date	Distribution Per Share
April	April 16, 2026	April 23, 2026	$0.07
May	May 14, 2026	May 21, 2026	$0.07
June	June 15, 2026	June 23, 2026	$0.08

The Fund previously paid quarterly distributions in accordance with a “managed distribution policy” adopted pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission, which permitted the Fund to distribute long-term capital gains more frequently than the limits provided in the Investment Company Act and the rules and regulations thereunder. The Fund no longer intends to rely on this exemptive relief to maintain a managed distribution policy in connection with its monthly distributions.

The Fund currently intends to make monthly cash distributions of all or a portion of its investment company taxable income (which includes ordinary income and realized net short term capital gains) to common shareholders. The Fund also intends to make annual distributions of its realized net long term capital gains, if any. The Fund, however, may make more than one capital gain distribution to avoid paying U.S. federal excise tax. A portion of each distribution may be a return of capital. Various factors will affect the level of the Fund’s income. To permit the Fund to maintain more stable distributions, the Fund may from time to time distribute more or less than the entire amount of income earned in a particular period. The Fund’s distribution policy may be modified from time to time by the Board as it deems appropriate, including in light of market and economic conditions and the Fund’s current, expected and historical earnings and investment performance. Because the Fund’s monthly distributions are subject to modification by the Board at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency.

Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 would be deemed 100% from paid-in capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2026 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2026 distributions in early 2027 via Form 1099-DIV.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

Carter Austin
(914) 921-5475

About The Gabelli Multimedia Trust
The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $222 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

NYSE: GGT
CUSIP – 36239Q109

THE GABELLI MULTIMEDIA TRUST INC.

Investor Relations Contact:
Carter Austin
(914) 921-5475
caustin@gabelli.com

FAQ

What monthly distributions did Gabelli Multimedia Trust (GGT) declare for April–June 2026?

The Board declared monthly payments of $0.07 in April, $0.07 in May, and $0.08 in June, payable April 23, May 21 and June 23, 2026. According to the company, these follow the Fund's $0.22 per-quarter structure.

How does the $0.88 annual distribution for GGT translate to cash-on-cash yield?

$0.88 per share annual distribution currently equates to a 21% cash-on-cash distribution. According to the company, that figure compares the announced annual payouts to the Fund's share level used for the calculation.

What funded GGT's decision to maintain monthly distributions in 2026?

The Fund cited a 38% NAV total return in 2025 as reflective of its strength and supportive of continuing monthly distributions. According to the company, distributions will be funded from taxable income and possibly realized gains.

Will GGT distributions be tax-free or include return of capital in 2026?

A portion of each distribution may be a return of capital, and 2026 monthly distributions are deemed 100% from paid-in capital on a book basis. According to the company, final tax characterization will be reported on 2027 Form 1099-DIV.

Is Gabelli Multimedia Trust (GGT) still relying on SEC exemptive relief for its distribution policy?

No. The Fund no longer intends to rely on the SEC exemptive relief used for prior managed distributions. According to the company, it will instead pay monthly cash distributions from taxable income and realized gains as described.