DividendMay 13, 2026, 12:04 PM
Gabelli Multimedia Trust Continues Monthly Distributions; Annual $0.88/Share
AI Summary
The Gabelli Multimedia Trust Inc. announced the continuation of its policy of paying fixed monthly cash distributions, totaling $0.88 per share annually, which currently represents a 21% "cash on cash" distribution. The Board declared specific monthly distributions for July, August, and September 2026, maintaining the quarterly payout of $0.22 per share. The Fund also stated it no longer intends to rely on an SEC exemptive order for its managed distribution policy.
Key Highlights
- Board approved continuation of fixed monthly cash distributions.
- 2026 annual distribution set at $0.88 per share.
- Annual distribution equates to a 21% "cash on cash" distribution.
- Fund will pay $0.22 per share quarterly, with $0.07 for first two months and $0.08 for third.
- Declared July 2026 distribution of $0.07 per share.
- Declared August 2026 distribution of $0.07 per share.
- Declared September 2026 distribution of $0.08 per share.
- Fund no longer relies on SEC exemptive order for managed distribution policy.
Price Impact
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