GGT News and Press, Gabelli Multi-Media Trust Inc. From 06/02/23

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5522b78-cf88-4830-b150-38763f653351 RYE, N.Y., June 02, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is pleased to present an entertaining and educational video tracing the incredible gro...

2023-05-22 06:30:58 ET Summary Gabelli Funds’ 13F portfolio value increased from $12.87B to $13.19B this quarter. They increased Alphabet while decreasing Microsoft Corporation. The top five positions are NextEra Energy, Microsoft, Mastercard, Ametek, and Deere & Co...

RYE, N.Y., May 18, 2023 (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 June 23, 2023 to common stock shareholders...

2023-05-08 08:00:16 ET Summary The Gabelli Multimedia Trust is an equity closed end fund. The CEF takes leveraged positions in Telecom and Media equities. The fund has an unusually high leverage ratio of 42%, and a premium to net asset value of 33%. The fund is down only -...

2023-04-30 01:44:27 ET Summary Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022. Volatility has been coming down in ...

2023-03-21 10:23:55 ET Summary Three out of 22 CEF sectors positive on price and 5 out of 22 sectors positive on NAV last week. Delaware/Abrdn mergers are closed. New: adding tables of highest yielding, cheapest and most expensive funds from our screener to the Weekly Roundup....

2023-03-06 10:31:11 ET Summary The Cornerstone funds (CLM) and (CRF) tend to trade at some of the highest market price premiums of all CEFs, generally from +10% to as high as +60% historically. The reasons for the premium valuations have to do with their incredibly high market yie...

Summary 0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results. MLPs are the most discounted CEF sector. Author’s note: This article was released to CEF/ETF Income Laboratory members on ...

Summary For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance. While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three. At month end, 18% of all CEFs traded at a premium to their NAV, with 22% of e...

Summary 21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector. Real estate and senior loans are the highest-yielding CEF sector. Author's note: This article was released to CEF/ETF...