RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the &#34;Fund&#34;) approved the continuation of its policy of paying fixed monthly cash

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution

Gabelli Multimedia Trust maintains fixed monthly distributions with 21% cash-on-cash yield

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the &amp;#34;Fund&amp;#34;) approved the continuation of its policy of paying fixed monthly cash</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The Gabelli Multimedia Trust reiterates its fixed monthly payout policy, continuing $0.22 per share quarterly for Oct–Dec 2026, totaling $0.88 for the year (roughly 21% cash-on-cash). The board notes distributions may include return of capital and can be adjusted; there are tax-reporting considerations and no reliance on prior exemptive relief, potentially impacting NAV and income appeal.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>GGT will keep fixed monthly distributions at $0.22 per share quarterl​y.</li><li>Q4 2026 payments: Oct $0.07, Nov $0.07, Dec $0.08 per share.</li><li>Annual distribution for 2026 is $0.88 per share, about 21% cash-on-cash.</li><li>Policy no longer relies on exemptive relief for managed distributions.</li><li>Distributions may be funded from paid-in capital; board may adjust policy.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>The Gabelli Multimedia Trust Inc. (GGT)</strong>: Direct subject of the distribution policy; policy clarity can affect yield and price.</li><li><strong>GAMCO Investors, Inc. (GAMI)</strong>: Parent company; distribution policy and fund strategy reflect GAMCO&#039;s approach to income vehicles.</li><li><strong>Gabelli Funds, LLC</strong>: Fund manager; policy execution and governance linked to fund performance and distributions.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article details a governance-driven policy update on distributions for a closed-end fund, with potential implications for yield, NAV dynamics, and investor demand in a time of rising yield sensitivity.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Continuation of fixed monthly distributions stabilizes income-focused demand for GGT.</li><li>Q4 2026 schedule: Oct 16 record, Oct 23 pay; $0.07 per share.</li><li>Nov 13 record, Nov 20 pay; $0.07 per share.</li><li>Dec 11 record, Dec 18 pay; $0.08 per share.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>2026 annual distribution: $0.88 per share, ~21% cash-on-cash.</li><li>Distributions: $0.22 per share quarterly; Oct/Nov 0.07, Dec 0.08.</li><li>Record dates: Oct 16, Nov 13, Dec 11, 2026.</li><li>Payable dates: Oct 23, Nov 20, Dec 18, 2026.</li><li>Net assets: about $257 million; NYSE: GGT; CUSIP 36239Q109.</li><li>Policy shift: no longer relies on exemptive relief for distributions.</li><li>2026 book basis: distributions largely 100% from paid-in capital.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral to modestly bullish over 3–6 months as steady payouts support income demand, with NAV sensitivity to capital-distribution mix.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">RYE, N.Y., Aug.  12, 2026  (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/GGT">GGT</a>) (the "Fund") approved the continuation of its policy of paying fixed monthly cash distributions.  The 2026 annual distribution of $0.88 per share currently equates to a 21% "cash on cash" distribution.</p>  <p align="justify">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.  The Board of Directors declared cash distributions as set forth below for each of October, November, and December 2026.</p> <table align="center" style="border-collapse: collapse; width:100%; border-collapse:collapse ;"><tr><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Distribution Month</td><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Record Date</td><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">Payable Date</td><td style="max-width:25%; width:25%; min-width:25%;;vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">Distribution Per Share</td></tr><tr><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">October</td><td style="border-top: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">October 16, 2026</td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">October 23, 2026</td><td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">$0.07</td></tr><tr><td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">November</td><td style="border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">November 13, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">November 20, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">$0.07</td></tr><tr><td style="border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">December</td><td style="border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">December 11, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: bottom ; ">December 18, 2026</td><td style="border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; vertical-align: middle;   text-align: left;   padding-left: 10.0px; vertical-align: top ; ">$0.08</td></tr><tr><td> </td><td> </td><td> </td><td> </td></tr></table> <p align="justify">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.</p>  <p align="justify">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.</p>  <p align="justify">Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2026 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 2026 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 2026 distributions in early 2027 via Form 1099-DIV.</p>  <p align="justify"><em>Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing</em><em>.  For more information regarding the Fund’s distribution policy and other information about the Fund, call:</em></p>  <p align="justify"><em>Carter Austin</em><br></br><em>(914) 921-5475</em></p>  <p align="justify"><strong>About The Gabelli Multimedia Trust</strong><br></br>The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $257 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:<a class="ticker" href="https://www.benzinga.com/quote/GAMI">GAMI</a>).</p>  <p align="justify">NYSE: GGT<br></br>CUSIP – 36239Q109</p>  <p align="justify">Investor Relations Contact:<br></br>Carter Austin<br></br>(914) 921-5475<br></br>caustin@gabelli.com<br></br></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgwODc4MSM3NzcyOTk5IzIyNTkwNzk="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ODM3ZjA0MDctZmE3My00MmQ0LThkMWMtNjQ2MWQwYmIyNWEzLTEyNzA2MjktMjAyNi0wOC0xMi1lbg==/tiny/The-Gabelli-Multimedia-Trust-I.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/bb4d18fe-d84f-4dfb-9369-cd4ddee3cfd7"><img src="https://ml.globenewswire.com/media/bb4d18fe-d84f-4dfb-9369-cd4ddee3cfd7/small/gabelli-funds-png.png" border="0" width="150" height="40" alt="Primary Logo"></img></a></p>

The Gabelli Multimedia Trust reiterates its fixed monthly payout policy, continuing $0.22 per share quarterly for Oct–Dec 2026, totaling $0.88 for the year (roughly 21% cash-on-cash). The board notes distributions may include return of capital and can be adjusted; there are tax-reporting considerations and no reliance on prior exemptive relief, potentially impacting NAV and income appeal.

News insight

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution

AI summary

Sentiment rationale

Key facts

Corporate Developments