Welcome to our dedicated page for Gabelli Multimedia news (Ticker: GGT), a resource for investors and traders seeking the latest updates and insights on Gabelli Multimedia stock.
The Gabelli Multimedia Trust Inc. (NYSE: GGT) is a non-diversified, closed-end management investment company whose primary objective is long-term growth of capital, with income as a secondary goal. Managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., the fund invests in common stock and other securities of companies in the telecommunications, media, publishing, and entertainment industries.
This news page aggregates official announcements and market updates related to GGT. A major theme in the fund’s recent news has been its distribution policy, including reaffirmations of a 10% distribution framework based on average net asset value and communications around an annualized $0.88 per share distribution. Releases detail how the Board of Directors reviews distribution levels, the mix of income, realized capital gains, and return of capital, and the implications for shareholders’ cost basis and tax reporting.
Investors following GGT news will also see updates on capital-raising activities, such as transferable rights offerings and at-the-market (ATM) common stock offerings conducted at prices above net asset value. These announcements explain how new shares are issued, the subscription mechanics for rights offerings, and how ATM sales can be accretive when executed at a premium to net asset value.
Because The Gabelli Multimedia Trust is a closed-end fund with a multimedia sector focus, its news flow often combines fund-specific topics—like changes in distribution frequency from quarterly to monthly—with broader capital structure decisions, including preferred stock information and shelf registration usage. Bookmark this page to review the fund’s historical and ongoing press releases, distribution declarations, and capital markets actions as they are reported.
The Board of Directors of The Gabelli Multimedia Trust (NYSE:GGT) declared a
The Gabelli Multimedia Trust Inc. (NYSE:GGT) has declared a cash distribution of
The Gabelli Multimedia Trust Inc. (NYSE:GGT) has announced a cash distribution of
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
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
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.
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