GGT
Gabelli Multimedia TrustGGT
GGT
About: Gabelli Multimedia Trust Inc is a non-diversified closed-end management investment company. Its investment objective is the long-term growth of capital with income as a secondary objective. The fund invests majority 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.
0
Funds holding %
of 7,407 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
2% more funds holding
Funds holding: 43 [Q3] → 44 (+1) [Q4]
0.87% less ownership
Funds ownership: 21.95% [Q3] → 21.08% (-0.87%) [Q4]
13% less capital invested
Capital invested by funds: $30.5M [Q3] → $26.5M (-$3.99M) [Q4]
44% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 18
Research analyst outlook
We haven’t received any recent analyst ratings for GGT.
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Gabelli Multimedia Trust Board Approves at the Market Common Stock Offerings With Prices Trading Above NAV
RYE, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) has authorized the Fund to conduct offerings of common stock in “at the market” transactions (“ATM offering”),at prices above the net asset value, which would be accretive to the common shares.
Neutral
GlobeNewsWire
1 week ago
Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Will Commence Monthly Distributions in May 2025
RYE, N.Y., April 09, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE: GGT) (the “Fund”) has determined to begin monthly distributions to the common stock shareholders of the Fund. These distributions will provide cash flow to common stock shareholders each month.
Neutral
GlobeNewsWire
2 months ago
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
RYE, N.Y., Feb. 13, 2025 (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 March 24, 2025 to common stock shareholders of record on March 17, 2025.
Neutral
Seeking Alpha
3 months ago
Closed-End Funds: Screening For Potential Opportunites To Kick Off Q1 2025
The closed-end fund space saw a significant narrowing of discounts throughout 2024 as equity markets charged higher and now discounts remain tight heading into 2025. In particular, equity CEFs have seen significantly narrowed discounts along with taxable fixed-income, though municipal bond funds look relatively attractive after widening discounts in December. We are screening for funds with the deepest discounts and widest z-scores to find potential buys and funds that may be getting a bit pricey as sell candidates.
Neutral
GlobeNewsWire
5 months ago
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share
RYE, N.Y., Nov. 14, 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 December 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.88 per share.
Positive
Seeking Alpha
6 months ago
Revisited: You're Still Far Better Off In CLM Than GGT
As many of you know, I like to write what I call "comparative valuation" articles between equity CEFs when certain price levels and performances make it pretty clear which fund will outperform. One year ago, I wrote an article titled "You're Still Going To Be Far Better Off In CLM Than GGT," which in itself, was a roughly one-year "comparative analysis." Because when it came to funds with ultra-high NAV distribution yields, Cornerstone's CLM and Gabelli's GGT were the top dogs among all CEFs.
Positive
GuruFocus
6 months ago
SIT Investment Associates Inc's Strategic Acquisition in Gabelli Multimedia Trust Inc
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.
Neutral
GlobeNewsWire
7 months ago
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
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.
Neutral
InvestorPlace
9 months ago
Why Is Gabelli Multimedia Trust Rights (GGTr) Stock Up 110% Today?
Gabelli Multimedia Trust Rights (NYSE:GGTr) stock is a hot topic on Wednesday as the company notifies investors of the upcoming expiration date for the rights. Gabelli Multimedia Trust notes that these rights are going to expire on July 22, which is the coming up Monday.
Neutral
GlobeNewsWire
9 months ago
Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024
RYE, N.Y., July 15, 2024 (GLOBE NEWSWIRE) -- The Gabelli Multimedia Trust's (NYSE: GGT) (the “Fund”) transferrable rights offering to acquire additional shares of common stock expires at 5:00 PM Eastern Time on July 22, 2024, unless extended. The Fund encourages shareholders to take action this week.
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