Gabelli Multi-Media Trust Inc (The) Stock News

3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut.

Don't believe for one second that any fund that doesn't cut its distribution, particularly with an astronomical 23.5% NAV yield, deserves a high premium. Because despite having the worst NAV performan

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.

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.

You cannot make this stuff up. We're in a bear market, right? Then why is a CEF that has lost -46.1% of its NAV this year trading at a +69% market-price premium? And why is another CEF whose NAV is on

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.

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

RYE, N.Y.--(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 distribut

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

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 outperfor

RYE, N.Y.--(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

RYE, N.Y.--(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

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 po

For the fifth month in a row, equity CEFs on average posted positive returns, rising 2.71% on a NAV basis for August.

The recent downturn exposed the risk of high volatility and deep drawdowns with investing in closed-end funds. Obviously, they are not suited for everyone.