Gabelli Multimedia Trust Announces the Offering of $50 Million of 5.125% Series G Cumulative Preferred Stock

RYE, N.Y.--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) is pleased to announce the pricing of an offering of two million shares of 5.125% Series G Cumulative Preferred Stock (“Series G Preferred”) with an aggregate liquidation value of $50 million. The offering is expected to close on Friday, December 20, 2019, subject to customary closing conditions.