Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Will Commence Monthly Distributions in May 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2025
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Source: Newsfilter
Monthly Distributions Announcement: The Gabelli Multimedia Trust Inc. has decided to implement monthly cash distributions for common stock shareholders, maintaining a quarterly distribution of $0.22 per share, with specific amounts allocated for each month.
Distribution Policy Details: The Fund's distributions may include returns of capital and are subject to change based on earnings and market conditions; shareholders will receive notifications regarding the tax treatment of these distributions in early 2026.
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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.
