Gabelli Multimedia Trust Reaffirms Its 10% Distribution Policy and Declares Fourth Quarter Distribution of $0.22 Per Share
Gabelli Multi-Media Trust, Inc. (The) (GGT)
US:NYSE Investor Relations:
gabelli.com/funds/products/-112.html
Company Research
Source: Business Wire
RYE, N.Y.--(BUSINESS WIRE)--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, 2019 to common stock shareholders of record on December 13, 2019. With this fourth quarter distribution, the total distributions from the Fund for 2019 would equate to $0.88 per share.Additionally, the Board of Directors continues to evaluate potential strategic opportunities for the Fund in what we believe to be an attractive environment to invest in the broader multimedia industry.The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Directors. Under the Fund’s current distribution policy, the Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Inter
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