StockWatch
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Trusts, Except Educational, Religious, and Charitable
Corporate ActionJul 27, 2026, 04:41 PM

Gabelli Multimedia Trust Amends Sales Agreement for 22M Share Offering

AI Summary

The Gabelli Multimedia Trust Inc. entered into Amendment No. 3 to its sales agreement, allowing it to offer and sell up to 22,000,000 shares of common stock through G.research, LLC. These transactions will be conducted "at the market," with a minimum price set at the net asset value per share plus the sales manager's commission. The offering commenced on July 27, 2026, under the Fund's existing shelf registration statement.

Key Highlights

  • Gabelli Multimedia Trust amended its sales agreement dated April 16, 2025.
  • The Fund may offer and sell up to 22,000,000 shares of common stock.
  • Sales will be conducted through G.research, LLC in "at the market" transactions.
  • Minimum sale price will not be less than net asset value per share plus commission.
  • The offering commenced on July 27, 2026, under a shelf registration statement.