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Name | Symbol | Market | Type |
---|---|---|---|
Gabelli Multimedia Trust Inc | NYSE:GGT-G | NYSE | Preference Share |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 23.29 | 0 | 09:00:00 |
THE GABELLI MULTIMEDIA TRUST INC. | ||
One Corporate Center
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For information:
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PRESS RELEASE
FOR IMMEDIATE RELEASE
Rye, New York
NYSE – GGT
June 25, 2021
CUSIP – 36239Q109
Gabelli multimedia TRUST
announcES rights offering for SHARES of COmmon Stock
record date and summary of terms
Rye, NY -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GAB) (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, 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
THE GABELLI MULTIMEDIA TRUST INC. | ||
One Corporate Center
|
The Fund expects to mail subscription certificates evidencing the Rights and a copy of the prospectus for the Offering to record date shareholders beginning on July 15, 2021. Financial Advisors will likely send notices to you shortly thereafter. Inquiries regarding the Offering should be directed to the Fund at 800-GABELLI or 914-921-5070.
The Offering is made pursuant to the Fund’s effective shelf registration statement on file with the Securities and Exchange Commission.
Any shares of common stock issued as a result of the Offering will not be record date shares for the Fund’s quarterly distribution projected to be paid in September 2021 and will not be entitled to receive such distribution.
The information herein is not complete and is subject to change. This document is not an offer to sell these securities and is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. This document is not an offering, which can only be made by a final prospectus. Investors should consider the Fund’s investment objective, risks, charges and expenses carefully before investing. The base prospectus contains this and additional information about the Fund and the prospectus supplement will contain this and additional information about the Offering, and should be read carefully before investing. For further information regarding the Offering, or to obtain a prospectus supplement and the accompanying prospectus, when available, please contact the Fund at 800-GABELLI or 914-921-5070.
The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $332 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).
NYSE – GGT
CUSIP – 36239Q109
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