Gabelli Multimedia Trust Rights Offering Concludes Raising $24 Million [Yahoo! Finance]
Gabelli Multi-Media Trust, Inc. (The) (GGT)
US:NYSE Investor Relations:
gabelli.com/funds/products/-112.html
Company Research
Source: Yahoo! Finance
completion of its transferable rights offering (the “Offering” or “Offer”). Preliminary results indicate that the Fund will issue approximately 4.8 million shares of common stock, resulting in gross proceeds to the Fund of approximately $24 million (including over-subscription requests and notices of guaranteed delivery). Pursuant to the Offer, the Fund issued one transferable right (a “Right”) for each share of common stock held by shareholders of record (record date shareholders) as of June 28, 2024. Holders of Rights were entitled to purchase shares of common stock by submitting four Rights and $5.00 for each share to be purchased (the subscription price). The Offer expired at 5:00 PM Eastern Time on July 22, 2024 and the Rights no longer trade on the New York Stock Exchange. The new shares of common stock subscribed for will be issued on or about July 25, 2024. We thank all our subscribing shareholders as well as the full service brokers and financial advisers who assisted o
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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 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