GlobeNewswire·Aug 12, 2026, 11:57 AM ET

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution

The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE: GGT) approved the continuation of its fixed monthly cash distribution policy.
The 2026 annual distribution is $0.88 per share, equating to a 21% "cash on cash" yield.
Monthly distributions for October, November, and December 2026 are $0.07, $0.07, and $0.08 per share respectively.
The Fund will no longer rely on SEC exemptive relief for a managed distribution policy and intends to distribute investment company taxable income monthly.
Annual distributions of realized net long-term capital gains are intended, though multiple capital gain distributions may occur to avoid U.S. federal excise tax.
Based on current accounting records, 2026 distributions are deemed 100% from paid-in capital on a book basis, though tax reporting components will be finalized after year-end.
Distribution amounts & frequency may be modified by the Board based on market conditions, earnings, & investment performance.
The Fund is a non-diversified, closed-end management investment company with $257 million in total net assets managed by Gabelli Funds, LLC.
Final tax treatment & distribution components for 2026 will be reported to shareholders via Form 1099-DIV in early 2027.