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Gabelli Multimedia TrustNYSE: GGT

Profile

Country:

United States

IPO:

11 October 1994

Next earnings report:

N/A

Last dividends:

16 September 2024

Next dividends:

13 December 2024
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Price

after hours | Fri, 15 Nov 2024 23:56:16 GMT
$4.83+$0.05(+1.05%)
No data over the past 3 years
No data over the past 3 years
No data over the past 3 years

Analysts recommendations

Institutional Ownership

Similar companies

GGT Latest News

SIT Investment Associates Inc's Strategic Acquisition in Gabelli Multimedia Trust Inc
gurufocus.com03 October 2024 Sentiment: POSITIVE

On July 26, 2024, SIT Investment Associates Inc made a significant addition to its portfolio by acquiring 1,982,368 shares of Gabelli Multimedia Trust Inc (GGT, Financial). This transaction, executed at a price of $4.94 per share, marks a notable expansion in the firm's investment in the asset management sector.

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
globenewswire.com23 August 2024 Sentiment: POSITIVE

RYE, N.Y., Aug. 23, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on September 23, 2024 to common stock shareholders of record on September 16, 2024.

A Look Back At My 'Sell GGT, Buy NBXG' Article A Year Later
seekingalpha.com25 June 2024 Sentiment: POSITIVE

Those who follow my articles probably know how bullish I have been on the Neuberger Berman Next Generation Connectivity Fund Inc over the past year. On the other hand, I've written several articles over the years telling you to sell The Gabelli Multimedia Trust Inc. due to its unwieldy NAV yield that continues to decimate GGT's NAV. Because if you can't reasonably be expected to cover your NAV yield, then you will see continuous NAV erosion resulting in a distribution cut, or in GGT's case, another rights offering.

Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
globenewswire.com18 June 2024 Sentiment: POSITIVE

RYE, N.Y., June 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE: GGT) (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 supplement and accompanying 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.

Equity CEFs: Peak Insanity, Version 2023
Seeking Alpha30 August 2023 Sentiment: -

In 2018, we warned about premium valuations in equity CEFs before a correction and bear market occurred. We believe that the current wide discounts in many CEFs are due to institutional shareholders reducing or liquidating their exposure. The presence of ultra high premium valued funds suggests the presence of "dumb money" in CEFs and potentially in the broader markets.

Equity CEFs: What Kind Of Madness Is This? Sell GGT, Buy NBXG
Seeking Alpha26 June 2023 Sentiment: -

The Gabelli Multimedia fund (GGT) is, right now, the most over-priced technology and multimedia focused CEF in history. The fund has actually lost NAV during one of the great bull markets in technology this year. GGT's NAV started the year at $3.89 and it closed Friday at $3.83. That's what happens when you have a 23.0% NAV yield that has very little chance of being covered by the fund's holdings and the end result is continued NAV erosion.

GGT:  Telecom And Media Equity CEF, 15% Dividend Yield
Seeking Alpha08 May 2023 Sentiment: -

The Gabelli Multimedia Trust is an equity closed end fund. The CEF takes leveraged positions in Telecom and Media equities.

What type of business is Gabelli Multimedia Trust?

The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries. The fund also invests in companies participating in emerging technological advances in interactive services and products. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Index and MSCI World Free Index. It was formerly known as Gabelli Global Multimedia Trust Inc. The Gabelli Multimedia Trust Inc. was formed on November 15, 1994 and is domiciled in the United States.

What sector is Gabelli Multimedia Trust in?

Gabelli Multimedia Trust is in the Financial Services sector

What industry is Gabelli Multimedia Trust in?

Gabelli Multimedia Trust is in the Asset Management industry

What country is Gabelli Multimedia Trust from?

Gabelli Multimedia Trust is headquartered in United States

When did Gabelli Multimedia Trust go public?

Gabelli Multimedia Trust initial public offering (IPO) was on 11 October 1994

What is Gabelli Multimedia Trust website?

https://www.gabelli.com/Template/fundinfo.cfm?tid=NDU1NDE=&bid=NmU3Yw==&mid=NzRmMjU=&num=MTczY2Y=&kid=MTU5NDA=&fid=NzFhOWI=&rid=211-=edoc_dnuf

Is Gabelli Multimedia Trust in the S&P 500?

No, Gabelli Multimedia Trust is not included in the S&P 500 index

Is Gabelli Multimedia Trust in the NASDAQ 100?

No, Gabelli Multimedia Trust is not included in the NASDAQ 100 index

Is Gabelli Multimedia Trust in the Dow Jones?

No, Gabelli Multimedia Trust is not included in the Dow Jones index

When was Gabelli Multimedia Trust the previous earnings report?

No data

When does Gabelli Multimedia Trust earnings report?

Next earnings report date is not announced yet