Gabelli Multimedia Trust Reinforces Maintenance of $0.88
The Gabelli Multimedia Trust Inc. (NYSE:GGT) announced it will continue its policy of paying fixed monthly cash distributions, totaling an annual distribution of $0.88 per share, equating to a 21% "cash on cash" distribution. The fund will pay a $0.22 per share quarterly distribution, broken down into $0.07 for the first two months and $0.08 for the third month of each quarter. The Board declared specific distributions for July, August, and September 2026, and noted that the fund no longer intends to rely on previous exemptive relief for its managed distribution policy.