Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 13 2025
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Source: Newsfilter
Distribution Announcement: The Gabelli Multimedia Trust Inc. declared a $0.22 per share cash distribution, reaffirming its 10% annual distribution policy, payable on March 24, 2025, to shareholders of record by March 17, 2025.
Tax Implications and Fund Overview: Distributions may be treated as long-term capital gains or return of capital, with tax notifications provided to shareholders in early 2026; the Fund aims for long-term capital growth and is managed by Gabelli Funds, LLC.
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About GGT
The Gabelli Multimedia Trust Inc. (the Fund) is a United States-based non-diversified closed-end management investment company. The Fund's investment objective is long term growth of capital. The Fund will invest at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing and entertainment industries. The Fund also invests in various industries, including cable, the United States Government obligations, computer software and services, broadcasting, hotels and gaming, wireless communications, satellite, electronics, publishing, consumer services, financial services, computer hardware, equipment, business services, retail, diversified industrial, consumer products, food and beverage, information technology, telecommunications, and real estate. The Fund's investment advisor is Gabelli Funds, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
