The Gabelli Multimedia Trust is a closed-end management investment company that primarily focuses on providing investors with exposure to a diversified portfolio of media and communications companies
The trust seeks to achieve long-term growth of capital by investing in a range of sectors within the multimedia landscape, including traditional and digital media, entertainment, telecommunications, and related technologies. Through its strategic investment approach, the trust aims to capitalize on opportunities arising from the evolving nature of media consumption and the ongoing developments within the industry, making it an attractive option for those looking to invest in the multimedia space.
GREENWICH, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Closed-End – David Schachter, Senior Vice President of Gabelli Funds, will travel to the United Kingdom to visit selected investment trusts.
RYE, N.Y., Jan. 28, 2025 (GLOBE NEWSWIRE) -- David Schachter, Senior Vice President of GAMCO Investors, Inc., will visit the United Kingdom to convey support for the British investment trust industry.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on March 24, 2023 to common stock shareholders of record on March 17, 2023.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) announces that as of November 30, 2022, the Fund had asset coverage of 228%, with total assets of approximately $219 million, approximately $96 million of total preferred shares outstanding, and a cash position of approximately $41 million. The Fund continues to monitor the asset coverage for its leverage position, and believes it has sufficient flexibility within its portfolio to take action, if necessary, to maintain its leverage ratio limits as required by applicable regulatory requirements.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on December 16, 2022 to common stock shareholders of record on December 9, 2022. With this fourth quarter distribution, the total distributions from the Fund for 2022 would equate to $0.88 per share.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on September 23, 2022 to common stock shareholders of record on September 16, 2022.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on June 23, 2022 to common stock shareholders of record on June 15, 2022.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on March 24, 2022 to common stock shareholders of record on March 17, 2022.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on December 17, 2021 to common stock shareholders of record on December 10, 2021. With this fourth quarter distribution, the total distributions from the Fund for 2021 would equate to $0.88 per share.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) announces the completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will issue approximately 1.9 million shares of common stock, resulting in gross proceeds to the Fund of approximately $18 million (including over-subscription requests and notices of guaranteed delivery).
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed its 10% distribution policy and declared a $0.22 per share cash distribution payable on September 23, 2021 to common stock shareholders of record on August 30, 2021.
Tuesday's morning session saw 105 companies set new 52-week highs.
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The largest company by market cap to break to a new 52-week high was...
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acquire additional shares of common stock (the “Offering”). The Offering will be made only by means of a prospectus, and this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any of the Fund’s securities.
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSEGGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on June 23, 2021 to common stock shareholders of record on June 16, 2021.
