Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024
Gabelli Multi-Media Trust, Inc. (The) (GGT)
US:NYSE Investor Relations:
gabelli.com/funds/products/-112.html
Company Research
Source: GlobeNewswire
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. SUMMARY OF THE TERMS OF THE OFFERING Each shareholder received one transferable right (the “Right”) for each share of common stock held on the record date (June 28, 2024).Four Rights plus $5.00 (the “Subscription Price”) are required to purchase one additional share of common stock (the “Primary Subscription”). The purchase price will be payable in cash. Fractional shares of common stock will not be issued upon the exercise of Rights.Record date shareholders who fully exercise their Primary Subscription Rights will be eligible for an over-subscription privilege entitling these shareholders to subscribe, subject to certain limitations and a pro-rata allotment, for any additional shares
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News
- Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per ShareGlobeNewswire
- Gabelli Multimedia Trust Rights Offering Concludes Raising $24 Million [Yahoo! Finance]Yahoo! Finance
- Gabelli Multimedia Trust Rights Offering Concludes Raising $24 MillionGlobeNewswire
GGT
Sec Filings
- 9/6/24 - Form N-CSRS
- 8/30/24 - Form N-PX
- 8/29/24 - Form NPORT-P
- GGT's page on the SEC website