Loading market dashboard
The Gabelli Multimedia Trust Inc.
GGTFinancial ServicesNYSEUS
Loading disclosure news
News and disclosures filtered by period, publisher, and event group.
Select a headline to open the full news page in the app.
Gilead Sciences, Inc. (Nasdaq: GILD) today shared new results from a post hoc analysis showing that Livdelzi (seladelpar) was associated with high and sustai
RYE, N.Y., May 13, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The 2026 annual distribution of $0.88 per share currently equates to a 21% “cash on cash” distribution.
Gabelli Multimedia Trust offers a 20.5% yield, prioritizing high income via monthly distributions, but relies heavily on net realized gains for sustainability. GGT currently trades at a 10.48% premium to NAV, well below its five-year average, presenting a favorable accumulation window ahead of potential interest rate cuts. The fund's aggressive 32.72% leverage and concentration in communications introduce significant downside risk during market downturns and high-rate environments.
Gabelli Multimedia Trust Inc. (NYSE: GGT - Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $4.11 and traded as high as $4.15. Gabelli Multimedia Trust shares last traded at $4.1050, with a volume of 117,394 shares. Gabelli Multimedia Trust Price Performance
A 40% yield sounds like a gift. A 20% yield sounds almost as good.
The S&P 500 has dropped roughly 2.5% over the past month, with the VIX fear gauge sitting at 27.29 as of mid-March, reflecting the kind of elevated uncertainty that rattles growth-heavy portfolios.
Gabelli Multimedia Trust Inc. (NYSE: GGT - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $4.16 and traded as high as $4.25. Gabelli Multimedia Trust shares last traded at $4.1750, with a volume of 215,404 shares traded.
