Gabelli Multimedia Stock Price, News & Analysis

The Gabelli Multimedia Trust Inc. (NYSE:GGT) has announced a cash distribution of $0.22 per share, payable on June 23, 2022, to shareholders of record as of June 15, 2022. The Fund maintains a commitment to a minimum annual distribution of 10% of its average net asset value. However, the Board can modify this policy, and there is no guarantee of continued distributions. Approximately 4% of distributions in 2022 are projected from net capital gains, with 96% categorized as a return of capital, affecting shareholders' cost basis.

The Gabelli Multimedia Trust Inc. (NYSE:GGT) has declared a cash distribution of $0.22 per share, payable on March 24, 2022, to shareholders on record as of March 17, 2022. This distribution aligns with the Fund’s policy of maintaining a minimum annual distribution of 10% of its average net asset value. The Fund currently holds total net assets of $313 million. The distribution can be characterized primarily as a return of capital and will be reported to shareholders in early 2023 via Form 1099-DIV.

The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) has declared a $0.22 per share cash distribution, payable on December 17, 2021, to shareholders on record as of December 10, 2021. This brings total distributions for 2021 to $0.88 per share. The distribution exceeds the planned minimum of $0.87, based on the Fund's net asset values. The Fund's policy is subject to change, and distributions may include capital gains and returns of capital.

The Gabelli Multimedia Trust Inc. (NYSE:GGT) has completed a transferable rights offering, issuing approximately 1.9 million shares and generating gross proceeds of about $18 million. Each shareholder received one right for every share held as of July 13, 2021, allowing them to purchase shares at $9.50 each by submitting four rights. The offering closed on August 25, 2021, with shares expected to be issued by August 31, 2021. New shares will not be eligible for the quarterly distribution on September 23, 2021.

The Gabelli Multimedia Trust (NYSE:GGT) announced a cash distribution of $0.22 per share, reaffirming its 10% distribution policy. This distribution is payable on September 23, 2021, to shareholders of record as of August 30, 2021. The Fund aims for a minimum annual distribution of 10% of its average net asset value. However, the distribution policy may change based on market conditions. In 2021, distributions included approximately 2% from net investment income, 49% from net capital gains, and 49% classified as return of capital.

The Gabelli Multimedia Trust Inc. (NYSE:GGT) has authorized a transferable rights offering for current shareholders. Each shareholder will receive one right per share held on the record date of July 13, 2021. To acquire one additional share, four rights plus $9.50 is required. The offering period begins with rights trading on July 9, 2021, and ends at 5:00 PM ET on August 25, 2021. Notably, shares issued through this offering will not be eligible for the quarterly distribution planned for September 2021. The offering is conducted under an effective shelf registration statement.

The Board of Directors of The Gabelli Multimedia Trust (NYSE:GGT) declared a $0.22 per share cash distribution, payable on June 23, 2021, to shareholders of record as of June 16, 2021. The Fund commits to a minimum annual distribution of 10% of the average net asset value, influenced by its current financial environment. It's essential to note that any distribution exceeding earnings may be regarded as a return of capital. The Fund's distribution policy is subject to change, and shareholders will receive tax treatment details in early 2022 via Form 1099-DIV.

The Gabelli Multimedia Trust (NYSE:GGT) has declared a cash distribution of $0.22 per share, payable on March 24, 2021, to shareholders on record as of March 17, 2021. The Fund aims for a minimum annual distribution of 10% of its average net asset value, which fluctuates. The Board reviews potential distributions quarterly, and while the policy is subject to modification, it currently includes components of long-term capital gains and return of capital. Approximately 25% of the current distribution is from net capital gains, with 75% deemed a return of capital.

The Gabelli Multimedia Trust (NYSE:GGT) has declared a cash distribution of $0.22 per share, payable on December 18, 2020, to shareholders of record by December 11, 2020. This brings total distributions for 2020 to $0.88 per share, surpassing its 10% distribution policy target of $0.64 based on the average net asset value. The Fund emphasizes its commitment to a minimum annual distribution of 10%, with considerations regarding net asset value and market conditions.