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Two Closed End Funds Have Yields Over 20%, But Only One Is Actually Safe To Own Right Now
Quick Read Eagle Point Credit (ECC) cut its monthly distribution 57% from $0.14 to $0.06 starting April 2026 and shares have fallen 43% over the past year, signaling that its 40% headline yield reflects a collapsed share price not sustaina…
The S&P 500 Dropped 2.5% and These 2 Closed-End Funds Held Their Ground
Quick Read Gabelli Multimedia Trust (GGT) and Trinity Capital (TRIN) both outperformed the S&P 500 over the past month with GGT up 0.48% and TRIN up 0.10% while SPY fell roughly 4.3%, highlighting how income-generating structures provide s…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
RYE, N.Y., February 17, 2023--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payabl…
Gabelli Multimedia Trust Provides Update on Asset Coverage and Leverage
RYE, N.Y., December 01, 2022--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE: GGT) (the "Fund") announces that as of November 30, 2022, the Fund had asset coverage of 228%, with total assets of approxima…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share
RYE, N.Y., November 11, 2022--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payabl…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
RYE, N.Y., August 18, 2022--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share
RYE, N.Y., May 13, 2022--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
RYE, N.Y., February 09, 2022--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payabl…
Gabelli Multimedia Trust Inc. -- Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc.Global Credit Research - 12 Jan 2022New York, January 12, 2022 -- Moody's Investors Service ("Moody's") has compl…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share
RYE, N.Y., November 12, 2021--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payabl…
Gabelli Multimedia Trust Rights Offering Concludes Raising $18 Million
RYE, N.Y., August 26, 2021--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") announces the completion of its transferable rights offering (the "Offering" or "Offer"). Preliminary results…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
RYE, N.Y., August 19, 2021--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed its 10% distribution policy and declared a $0.22 per share cash distribution payable on September 2…
Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
RYE, N.Y., June 25, 2021--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acqu…
Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms
RYE, N.Y., June 25, 2021--(BUSINESS WIRE)--The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") has approved a transferable rights offering which would allow the Fund’s record date common shareholders to acqu…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on June 23, 2021 to common stock shareholders…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on June 23, 2021 to common stock shareholders…
QS, TCDA & GTT Class Actions: Bronstein, Gewirtz & Grossman LLC Reminds Investors of Class Actions and Encourages Shareholders to Contact the Firm
NEW YORK, NY / ACCESSWIRE / March 3, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visitin…
QS, TCDA & GTT Class Actions: Bronstein, Gewirtz & Grossman LLC Reminds Investors of Class Actions and Encourages Shareholders to Contact the Firm
NEW YORK, NY / ACCESSWIRE / March 3, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visitin…
QS, TCDA & GTT Class Actions: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions and Encourages Shareholders to Contact the Firm
NEW YORK, NY / ACCESSWIRE / March 1, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visitin…
QS, TCDA & GTT Class Actions: Bronstein, Gewirtz & Grossman LLC Reminds Shareholders of Class Actions and Encourages Shareholders to Contact the Firm
NEW YORK, NY / ACCESSWIRE / March 1, 2021 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visitin…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on March 24, 2021 to common stock shareholder…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on March 24, 2021 to common stock shareholder…
Gabelli Multimedia Trust Inc. -- Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc. Global Credit Research - 22 Jan 2021 New York, January 22, 2021 -- Moody's Investors Service ("Moody's") has com…
Gabelli Multimedia Trust Inc. -- Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Gabelli Multimedia Trust Inc. Global Credit Research - 22 Jan 2021 New York, January 22, 2021 -- Moody's Investors Service ("Moody's") has com…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on December 18, 2020 to common stock sharehol…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on December 18, 2020 to common stock sharehol…
Billionaire investor Mario Gabelli: My taxes ‘should’ go up
GAMCO Investors Chairman & CEO Mario Gabelli joins 'Influencers with Andy Serwer' to discuss how the 2020 election could affect the U.S. corporate tax rate.
Billionaire investor Mario Gabelli: My taxes ‘should’ go up
GAMCO Investors Chairman & CEO Mario Gabelli joins 'Influencers with Andy Serwer' to discuss how the 2020 election could affect the U.S. corporate tax rate.
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") declared a $0.22 per share cash distribution payable on September 23, 2020 to common stock shareholders of record on September 16, 2020. We note that the m…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") declared a $0.22 per share cash distribution payable on September 23, 2020 to common stock shareholders of record on September 16, 2020. We note that the m…
Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share
The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the "Fund") declared a $0.22 per share cash distribution payable on June 23, 2020 to common stock shareholders of record on June 16, 2020. The Board of Directors decid…
Gabelli Funds, LLC Announces Change to Virtual Meetings for Closed-End Funds Annual Meetings on May 11, 2020
The following notice relates to the Annual Meetings of: Bancroft Fund Ltd. Ellsworth Growth and Income Fund Ltd. GAMCO Global Gold, Natural Resources & Income Trust GAMCO Natural Resources, Gold & Income Trust The Gabelli Convertible & Inc…
Billionaire Investor Mario Gabelli talks his investment strategy amid the coronavirus outbreak
Billionaire Investor Mario Gabelli joined Yahoo Finance's Myles Udland, Andy Serwer, Dan Roberts, and Melody Hahm to discuss the areas of the market he's watching and his investment strategy amid the coronavirus crisis. Video Transcript MY…