Gabelli Multimedia Trust sets 17M-share ATM program
The Gabelli Multimedia Trust Inc. entered into Amendment No. 2 to its sales agreement, allowing it to offer and sell up to 17,000,000 shares of common stock through G.research, LLC in an at-the-market program.
Rhea-AI Filing Summary
The Gabelli Multimedia Trust Inc. entered into Amendment No. 2 to its sales agreement, allowing it to offer and sell up to 17,000,000 shares of common stock through G.research, LLC in an at-the-market program. Shares will be sold at prices at least equal to net asset value per share plus the sales commission. The offering is made under an effective Form N-2 shelf registration statement, using a prospectus supplement dated February 20, 2026, and commenced on that date.
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8-K Event Classification
Item 1.01 — Entry into a Material Definitive Agreement
1 item
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
FAQ
What did Gabelli Multimedia Trust Inc. (GGT) announce in this 8-K?
Gabelli Multimedia Trust Inc. entered into Amendment No. 2 to its sales agreement with G.research, LLC, enabling an at-the-market offering of common shares under its existing Form N-2 shelf registration statement using a new prospectus supplement dated February 20, 2026.
Which registration statement and prospectus documents support GGT’s offering?
The offering is made under Gabelli Multimedia Trust Inc.’s effective Form N-2 shelf registration statement, File No. 333-277213. It uses a prospectus supplement dated February 20, 2026, together with a base prospectus dated April 19, 2024, which together govern the share sales.
When did Gabelli Multimedia Trust Inc. commence this at-the-market offering?
Gabelli Multimedia Trust Inc. commenced the at-the-market offering of its common stock on February 20, 2026. On the same date, it executed Amendment No. 2 to the sales agreement and filed related legal opinions and consents as exhibits to support the share issuance.
Who is the sales manager for GGT’s at-the-market common stock offering?
G.research, LLC serves as the sales manager for Gabelli Multimedia Trust Inc.’s at-the-market offering. Under the amended sales agreement, G.research, LLC conducts sales of up to 17,000,000 common shares in transactions deemed to be at the market under Rule 415.
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