GGT News and Press, Gabelli Multi-Media Trust Inc. From 11/22/23

2023-11-22 20:14:49 ET Summary Gabelli Funds' 13F portfolio value decreased by 7% in Q3 2023. Stake increases include National Fuel Gas, Amazon, Diageo plc, Brown-Forman, Madison Square Garden Sports, and Nvidia Corp. Stake decreases include Mastercard, Microsoft, Alphabet, Am...

RYE, N.Y., Nov. 16, 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 December 22, 2023 to common stock shareho...

2023-10-17 12:25:33 ET Summary It's been a rough year for CEFs. Between skyrocketing interest rates and liquidity tapering by the Fed, many CEF valuations have plunged to near bear market lows. But have CEF investors completely lost their minds in what they should sell and what th...

2023-10-17 07:34:32 ET Summary Closed-end funds are currently trading at historically deep discounts, with the average discount at -9.64% at the end of Q3 2023. Municipal bond funds are experiencing particularly wide discounts, with an average discount of -12.89%. Non-leverage...

2023-10-04 09:34:59 ET Summary 2 out of 22 CEF sectors positive on price and 1 out of 22 sectors positive on NAV. PIMCO Energy & Tactical Credit Opps will change its investment policy to a multisector fixed income fund. This will likely provide a tailwind to the NRGX fund'...

2023-08-30 13:49:28 ET Summary In 2018, we warned about premium valuations in equity CEFs before a correction and bear market occurred. We believe that the current wide discounts in many CEFs are due to institutional shareholders reducing or liquidating their exposure. The pre...

2023-08-23 01:53:49 ET Summary Gabelli Funds' 13F portfolio value remained steady at $13.20B this quarter. Top five holdings are NextEra Energy, Microsoft, Mastercard, AMETEK, and Genuine Parts Company. Stake increases include American Express, National Fuel Gas, Diageo plc, A...

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dbbac6e-7a71-478e-910e-5ab37f8f1e2c RYE, N.Y., July 18, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is pleased to present a video tracing the 50+ year history of the oldest, existing clo...

2023-06-26 10:50:35 ET Summary The Gabelli Multimedia fund (GGT) is, right now, the most over-priced technology and multimedia focused CEF in history. The fund has actually lost NAV during one of the great bull markets in technology this year. GGT's NAV started the year at $3.89 a...

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...