Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
Gabelli Multi-Media Trust, Inc. (The) (GGT)
US:NYSE Investor Relations:
gabelli.com/funds/products/-112.html
Company Research
Source: GlobeNewswire
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. SUMMARY OF THE TERMS OF THE OFFERING Each shareholder will receive one transferable right (the “Right”) for each share of common stock held on the record date (June 28, 2024). The number of Rights to be issued to a shareholder as of the close of business on the record date will be rounded up to the nearest number of Rights evenly divisible by four.Four Rights plus $5.00 (the “Subscription Price”) will be required to purchase one additional share of common stock (th
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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
- Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024GlobeNewswire
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