Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared 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: GlobeNewswire
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. 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 Internal Revenue Code for regulated investment companies. Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. We note that 10% of the average net asset value of the Fund would be $0.36 based on the ending net asset values per share as of December 31,
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Sec Filings
- 11/29/24 - Form NPORT-P
- 11/5/24 - Form 4
- 10/17/24 - Form 4
- GGT's page on the SEC website