Gabelli Multimedia Trust

The Gabelli Multimedia Trust, Inc. operates as a closed-end management investment company. Its investment objective is for long term growth of capital, with income as a secondary. The Fund seeks opportunities for long-term growth presented in the global telecommunications, media, publishing and entertainment industries. It also invests in companies participating in emerging technological advances in interactive services and products. Gabelli Multimedia Trust was founded on March 31, 1994 and is headquartered in Rye, NY.

The Gabelli Multimedia Trust is a closed-end, non-diversified management investment company whose main goal is long-term capital growth, with income being its secondary goal. The Fund looks for long-term growth prospects within two primary investment universes: businesses engaged in creative endeavors to create intellectual property rights.

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Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eagle Point Credit

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

First Trust Specialty Finance and Financial Opportunities Fund

Clough Global Dividend and Income Fund

Eagle Capital Growth Fund Inc

Gabelli Utility Trust

Ivy High Income Opportunities Fund

Macquarie Global Infrastructure Total Return Fund Inc

Nuveen Massachusetts Quality Municipal Income Fund

Nuveen New York Select Tax-Free Income Portfolio

OFS Credit Company Inc

Pimco California Municipal Income Fund II

Pimco Municipal Income Fund II

Putnam Municipal Opportunities Trust

Pimco California Municipal Income Fund III

Nuveen NASDAQ 100 Dynamic Overwrite Fund

RiverNorth Opportunities Fund, Inc.

Cohen & Steers Real Estate Opportunities and Income Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

TCW Strategic Income Fund

Delaware Investments

22 out of 23 CEF sectors positive on price and 22 out of 23 sectors positive on NAV last week. All sectors were positive last week.

Weekly Closed-End Fund Roundup: Special Distributions Coming Up (December 4, 2022)

RYE, N.Y.--( 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 approximately $219 million, approximately $96 million of total preferred shares outstanding, and a cash position of approximately $41 million. The Fund continues to monitor the asset coverage for its leverage position, and believes it has sufficient flexibility within its portfolio to take action, if necessary, to maintain its leverage ratio limits as required by applicable regulatory requirements.

Gabelli Multimedia Trust Provides Update on Asset Coverage and Leverage

BlackRock Taxable Municipal Bond Trust

Central and Eastern Europe Fund

Cornerstone Total Return Fund Inc

Doubleline Opportunistic Credit Fund

European Equity Fund

Eagle Point Income Company Inc

Eaton Vance Short Duration Diversified Income Fund

First Trust / Aberdeen Emerging Opportunity Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

BlackRock Corporate High Yield Fund

New Ireland Fund Inc

Nuveen Core Equity Alpha Fund

Madison Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Cohen And Steers Total Return Realty Fund

Franklin Templeton Emerging Markets Income Fund

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

Cornerstone Strategic Value Fund Inc

In the rare-air world of premium priced closed-end funds (CEFs), Gabelli and Cornerstone are two fund sponsors who often have CEFs at over +20% market price premiums. Considering 4 out-of-the-less than 10 CEFs out of 450 that trade at 20%+ premiums come from Gabelli (GAMCO) and Cornerstone, you wonder if this is based on performance or yield?

Equity CEFs: Got High Yield? Swap GGT For CLM And Get A Lot More

ArrowMark Financial

Saba Capital Income & Opportunities Fund

China Fund

Blackrock Debt Strategies Fund Inc

Aberdeen Global Income Fund

New Germany Fund

Clough Global Opportunities Fund

Clough Global Equity Fund

Insight Select Income Fund

BlackRock MuniAssets Fund

BlackRock MuniHoldings Quality Fund II Inc

Pimco California Municipal Income Fund

RENN Fund

20 out of 24 CEF sectors positive on price and 14 out of 24 sectors positive on NAV last week. It's pretty quiet in CEF-land, fund managers need holidays too. MLPs remain the most discounted sector.

Weekly Closed-End Fund Roundup: December 26, 2021

RYE, N.Y.--(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 indicate that the Fund will issue approximately 1.9 million shares of common stock, resulting in gross proceeds to the Fund of approximately $18 million (including over-subscription requests and notices of guaranteed delivery). Pursuant to the Offer, the Fund issued one transf

Gabelli Multimedia Trust Rights Offering Concludes Raising $18 Million

BlackRock Science & Technology

Do yourselves a favor and swap out of the Gabelli Multimedia fund (GGT) at a 23%-plus premium and into the BlackRock Science & Technology fund (BST) at a discount. What do they have in common? Besides both being growth & technology CEFs, although with different growth stock portfolios, both are also going through Rights Offerings (RO) currently.

Equity CEFs: BST And GGT, The Most Obvious Swap I've Ever Seen

Virtus Artificial Intelligence & Technology Opportunities Fund

Liberty All-Star Growth Fund

BlackRock Science and Technology Trust II

Eaton Vance Enhanced Equity Income Fund II

Gabelli Equity Trust

Invesco QQQ

Columbia Seligman Premium Technology Growth Func Inc

For 2020 and now back in 2021, growth and technology ETFs have been the go-to funds for enhanced performance. But for CEFs, there's often an added twist or two that can make the funds either outperform or underperform their ETF benchmarks, often based simply on emotions and whims.

Equity CEFs: Are Rights Offerings In Growth And Technology CEFs Signaling A Top?

John Hancock Multifactor Media and Communications ETF

Invesco Dynamic Media ETF

Communication Services Select Sector SPDR Fund

Ironically, as more viewers exit traditional television, the cost of an existing cable package to the remaining subscribers will likely rise, accelerating the decline of linear television. As sports leagues continue to explore digital streaming avenues, the value of traditional cable bundles will likely decline further as sports programming is an important advantage of subscribing to cable services.

Accelerating Changes In The Media Landscape

I wonder how many shareholders of the Gabelli Equity Trust (GAB) and the Gabelli Multimedia Trust (GGT) realize how lucky they were today. Because based on both GAB's and GGT's 10% NAV distribution policies, both funds should have had dramatically reduced distributions when declared on Friday, Nov. 13.

Equity CEFs: Count Yourself Lucky If You Own GAB Or GGT

Barings Global Short Duration High Yield Fund

BlackRock Multi-Sector Income Trust

Calamos Global Total Return Fund

Calamos Strategic Total Return Fund

Virtus AllianzGI Equity & Convertible Income Fund

Pimco High Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

The Month In Closed-End Funds: August 2020

Gabelli Multimedia Trust: This 5.125% Preferred Stock IPO Is The Last One For 2019

Neuberger Berman Real Estate Securities Income Fund Inc

Something unusual has happened in closed-end funds (CEFs) lately.

Forget ETFs: Buy These 6%+ Dividends (With 17%+ upside) Instead

News for Gabelli Multimedia Trust ETF (GGT)