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.
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Funds holding %
of 6,809 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
14% more capital invested
Capital invested by funds: $22.8M [Q2] → $26M (+$3.25M) [Q3]
3.59% more ownership
Funds ownership: 15.16% [Q2] → 18.75% (+3.59%) [Q3]
7% less funds holding
Funds holding: 45 [Q2] → 42 (-3) [Q3]
33% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 9
Research analyst outlook
We haven’t received any recent analyst ratings for GGT.
Financial journalist opinion
Neutral
GlobeNewsWire
1 month 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
2 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
2 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
3 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
5 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
5 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.
Neutral
GlobeNewsWire
6 months ago
Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
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.
Neutral
GlobeNewsWire
7 months ago
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share
RYE, N.Y., May 16, 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 June 21, 2024 to common stock shareholders of record on June 13, 2024.
Neutral
GlobeNewsWire
8 months ago
Gabelli Multimedia Trust Appoints Susan Watson Laughlin to the Board of Trustees
RYE, N.Y., March 25, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (the “Board”) (NYSE: GGT) (the “Fund”) announced the appointment of Susan Watson Laughlin to the Board of the Fund effective February 13, 2024.
Neutral
GlobeNewsWire
10 months ago
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
RYE, N.Y., Feb. 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 March 21, 2024 to common stock shareholders of record on March 14, 2024.
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