StockNews.AI
GGT
StockNews.AI
97 days

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

1. GGT approved fixed monthly cash distributions for July to September 2025. 2. Each distribution will be $0.07 in July and August, $0.08 in September. 3. Annualized distribution amounts to $0.88 per share for 2025. 4. The previous managed distribution policy is being replaced with a fixed plan. 5. Distributions may fluctuate and can include a return of capital.

6m saved
Insight
Article

FAQ

Why Bullish?

The continuation of monthly distributions is generally perceived positively by investors, enhancing yield attractiveness. Historical trends show funds maintaining distributions tend to stabilize or enhance stock prices due to increased investor confidence.

How important is it?

The announcement of consistent distributions is a critical aspect for income-focused investors. This stability and predictability can lead to increased demand and investor confidence, thus affecting GGT's stock price positively.

Why Short Term?

The immediate effect of declared distributions typically impacts stock price around pay dates. Within a quarter after the announcement, market reaction is likely to be observed.

Related Companies

GAMIGGTC
May 14, 2025 13:33 ET  | Source: The Gabelli Multimedia Trust Inc RYE, N.Y., May 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Directors declared cash distributions as set forth below for each of July, August, and September 2025.  Distribution Month Record Date Payable Date Distribution Per Share July July 17, 2025 July 24, 2025 $0.07 August August 15, 2025 August 22, 2025 $0.07 September September 16, 2025 September 16, 2025 $0.08 Under its monthly distribution policy, the Fund will continue to pay a $0.22 per share quarterly distribution, with $0.07 per share paid for each of the first two months of the quarter and $0.08 per share paid in the third month of each quarter. In light of the above policy, the Fund previously declared a $0.14 per share cash distribution (covering the months of April and May) payable on May 22, 2025 to common stock shareholders of record on May 15, 2025, and a $0.08 per share cash distribution payable on June 23, 2025 to common stock shareholders of record on June 13, 2025. The distributions reflect an annualized distribution of $0.88 per share. The Fund previously paid quarterly distributions in accordance with a “managed distribution policy” adopted pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission, which permitted the Fund to distribute long-term capital gains more frequently than the limits provided in the Investment Company Act and the rules and regulations thereunder. The Fund no longer intends to rely on this exemptive relief to maintain a managed distribution policy in connection with its monthly distributions. The Fund currently intends to make monthly cash distributions of all or a portion of its investment company taxable income (which includes ordinary income and realized net short term capital gains) to common shareholders. The Fund also intends to make annual distributions of its realized net long term capital gains, if any. The Fund, however, may make more than one capital gain distribution to avoid paying U.S. federal excise tax. A portion of each distribution may be a return of capital. Various factors will affect the level of the Fund’s income. To permit the Fund to maintain more stable distributions, the Fund may from time to time distribute more or less than the entire amount of income earned in a particular period. The Fund’s distribution policy may be modified from time to time by the Board as it deems appropriate, including in light of market and economic conditions and the Fund’s current, expected and historical earnings and investment performance. Because the Fund’s monthly distributions are subject to modification by the Board at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency. Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would be deemed 100% from paid-in capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call: Carter Austin(914) 921-5475 About The Gabelli Multimedia TrustThe Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $194 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI). NYSE: GGTCUSIP – 36239Q109 Investor Relations Contact: Carter Austin(914) 921-5475caustin@gabelli.com

Related News