Gabelli Global Multi-Media Trust (GGT)

$4.59 +0.02 (0.44%)
Market Cap 132.28M
Revenue (ttm) 24.01M
Net Income (ttm) 23.28M
EPS (ttm) N/A
PE Ratio N/A
Forward PE N/A
Profit Margin N/A
Debt to Equity Ratio N/A
Volume 44,300
Avg Vol 80,676
Day's Range N/A - N/A
Shares Out 28.27M
Stochastic %K 4%
Beta 1.20
Analysts Strong Buy
Price Target N/A

Company Profile

The Gabelli Multimedia Trust Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds LLC. The fund invests in the public equity markets across the globe. It invests in stocks, convertible securities, preferred stock, options, and warrants of companies operating across global telecommunications, media, publishing, and entertainment industries. The fund also invests in companies participating in emerging technological advances in interactive servi...

Industry: Asset Management
Sector: Financial Services
Phone: 914-921-5000
Fax: 914-921-5118
Address:
One Corporate Center, Rye, United States
Sparrky
Sparrky May. 8 at 9:44 PM
$GGT I was hoping it would stay at $4.20 ish until Ex so I could grab some $4.13 ish. You know the saying?? "Hope is not a plan". Although,,,,,, it could be the beginning of the formulation of a plan. Hmmmmmm?
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Keith1950
Keith1950 May. 8 at 8:10 PM
$GGT Although we closed at $4.29, my sell order for 60 at $4.29 didn't hit. I was conflicted anyway; it's always a difficult decision for me to sell dividend stocks with a high yield when they go up in value. I also switched back to cash from drip, to give Fidelity a little extra time to work out the discount.
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Keith1950
Keith1950 May. 8 at 7:57 PM
$GGT I have 60 shares at $4.21 up for sale at $4.29. Let's see if it hits!
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PennyWeasel
PennyWeasel May. 8 at 7:53 PM
$GGT Was just too temping! Although still undervalued (closer to $4.33) in my opinion, I sold off my two $4.17 lots at $4.2850 for an $0.115 gain or 1.6 months equivalent divvis. Just in case they don't get the discounted DRIP fixed in time for the next divvi ($0.07). 🎁🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 8 at 2:58 PM
$GGT $4.265 up $0.065! That's what I'm talk'n about! And still a BUY. 🥰🍀🍀🥃
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Sparrky
Sparrky May. 8 at 2:08 PM
$GGT Added @ $4.205. Just because
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SuperGreenToday
SuperGreenToday May. 7 at 6:28 PM
$GGT
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PennyWeasel
PennyWeasel May. 7 at 5:10 AM
$GUT ($6.16) $GGT ($4.20) Update: Goot's SP now equates to $6.13, NAV down $0.02 (May 6th). GGT's SP jumps to $4.34, NAV up $0.11 (May 6th). 🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 6 at 4:28 PM
$GUT $GGT It pained me greatly and so, with much weeping and gnashing of teeth (since I have no flipping shares of the Goot), I caved and bought a 1/2 lot (of my normal lot size for GUT) 'at market' (bid was $6.17, ask was $6.19) and as expected, I got $6.1800. An hour or so later, with more gnashing of teeth I bought another 1/2 lot 'at market' (same bid $6.17, same ask $6.19). I was expecting, like before, $6.18. Oh contraire - $6.1700. Go figure! I'll take what appears to be a 🎁. It'll be interesting to see where we close today and over the next bunch of days up to ex-div. day. 🥰 the Goot. Sooo much banked on this one. So far so good on $GGT. It'll be even better IF they get the DRIP discount fixed on Fidelity (Gabelli is working the issue) before the next DRIP shares drop! 🍀🍀🥃
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PennyWeasel
PennyWeasel May. 5 at 8:47 PM
$GGT SInce we're going to get the Discounted DRIP fixed on this one via Fidelity, DTC, the transfer agent and Gabelli, I added more today at $4.17! Not going any higher but I still have my $4.15 GTC in. Expires the EOB the day before ex-div. 🥰🍀🍀🥃 Now, if we could just get $CLM and $CRF to DRIP already! That would make for a...
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Latest News on GGT
Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Continues Monthly Distributions NAV Total Return of 38% In 2025

Feb 11, 2026, 6:11 PM EST - 3 months ago

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Continues Monthly Distributions NAV Total Return of 38% In 2025

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Continues Monthly Distributions NAV Total Return of 33% Year to Date

Nov 12, 2025, 2:23 PM EST - 6 months ago

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Continues Monthly Distributions NAV Total Return of 33% Year to Date

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

Aug 21, 2025, 12:25 PM EDT - 9 months ago

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

CORRECTION -- Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

May 15, 2025, 8:33 AM EDT - 1 year ago

CORRECTION -- Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

May 14, 2025, 1:33 PM EDT - 1 year ago

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

Gabelli Multimedia Trust Board Approves at the Market Common Stock Offerings With Prices Trading Above NAV

Apr 9, 2025, 5:00 PM EDT - 1 year ago

Gabelli Multimedia Trust Board Approves at the Market Common Stock Offerings With Prices Trading Above NAV

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Will Commence Monthly Distributions in May 2025

Apr 9, 2025, 2:54 PM EDT - 1 year ago

Gabelli Multimedia Trust Reinforces Maintenance of $0.88 Per Share Annual Distribution Will Commence Monthly Distributions in May 2025

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share

Feb 13, 2025, 1:17 PM EST - 1 year ago

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared First Quarter Distribution of $0.22 Per Share

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share

Nov 14, 2024, 8:30 AM EST - 1 year ago

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Fourth Quarter Distribution of $0.22 Per Share

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share

Aug 23, 2024, 7:53 AM EDT - 1 year ago

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Third Quarter Distribution of $0.22 Per Share

Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024

Jul 15, 2024, 10:42 AM EDT - 1 year ago

Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024

Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms

Jun 18, 2024, 5:28 PM EDT - 2 years ago

Gabelli Multimedia Trust Announces Rights Offering for Shares of Common Stock Record Date and Summary of Terms

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share

May 16, 2024, 9:18 AM EDT - 2 years ago

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 Per Share

Gabelli Multimedia Trust Appoints Susan Watson Laughlin to the Board of Trustees

Mar 25, 2024, 8:56 AM EDT - 2 years ago

Gabelli Multimedia Trust Appoints Susan Watson Laughlin to the Board of Trustees

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed And Declared Fourth Quarter Distribution Of $0.22 Per Share

Nov 16, 2023, 8:49 AM EST - 2 years ago

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed And Declared Fourth Quarter Distribution Of $0.22 Per Share

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 per Share

May 18, 2023, 8:59 AM EDT - 3 years ago

Gabelli Multimedia Trust 10% Distribution Policy Reaffirmed and Declared Second Quarter Distribution of $0.22 per Share

Gabelli Multimedia Trust Provides Update on Asset Coverage and Leverage

Dec 1, 2022, 10:30 AM EST - 3 years ago

Gabelli Multimedia Trust Provides Update on Asset Coverage and Leverage

Gabelli Multimedia Trust Rights Offering Concludes Raising $18 Million

Aug 26, 2021, 10:00 AM EDT - 5 years ago

Gabelli Multimedia Trust Rights Offering Concludes Raising $18 Million

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

Jul 23, 2019, 3:49 PM EDT - 7 years ago

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

ASG NRO RNP RQI

Sparrky
Sparrky May. 8 at 9:44 PM
$GGT I was hoping it would stay at $4.20 ish until Ex so I could grab some $4.13 ish. You know the saying?? "Hope is not a plan". Although,,,,,, it could be the beginning of the formulation of a plan. Hmmmmmm?
0 · Reply
Keith1950
Keith1950 May. 8 at 8:10 PM
$GGT Although we closed at $4.29, my sell order for 60 at $4.29 didn't hit. I was conflicted anyway; it's always a difficult decision for me to sell dividend stocks with a high yield when they go up in value. I also switched back to cash from drip, to give Fidelity a little extra time to work out the discount.
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Keith1950
Keith1950 May. 8 at 7:57 PM
$GGT I have 60 shares at $4.21 up for sale at $4.29. Let's see if it hits!
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PennyWeasel
PennyWeasel May. 8 at 7:53 PM
$GGT Was just too temping! Although still undervalued (closer to $4.33) in my opinion, I sold off my two $4.17 lots at $4.2850 for an $0.115 gain or 1.6 months equivalent divvis. Just in case they don't get the discounted DRIP fixed in time for the next divvi ($0.07). 🎁🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 8 at 2:58 PM
$GGT $4.265 up $0.065! That's what I'm talk'n about! And still a BUY. 🥰🍀🍀🥃
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Sparrky
Sparrky May. 8 at 2:08 PM
$GGT Added @ $4.205. Just because
1 · Reply
SuperGreenToday
SuperGreenToday May. 7 at 6:28 PM
$GGT
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PennyWeasel
PennyWeasel May. 7 at 5:10 AM
$GUT ($6.16) $GGT ($4.20) Update: Goot's SP now equates to $6.13, NAV down $0.02 (May 6th). GGT's SP jumps to $4.34, NAV up $0.11 (May 6th). 🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 6 at 4:28 PM
$GUT $GGT It pained me greatly and so, with much weeping and gnashing of teeth (since I have no flipping shares of the Goot), I caved and bought a 1/2 lot (of my normal lot size for GUT) 'at market' (bid was $6.17, ask was $6.19) and as expected, I got $6.1800. An hour or so later, with more gnashing of teeth I bought another 1/2 lot 'at market' (same bid $6.17, same ask $6.19). I was expecting, like before, $6.18. Oh contraire - $6.1700. Go figure! I'll take what appears to be a 🎁. It'll be interesting to see where we close today and over the next bunch of days up to ex-div. day. 🥰 the Goot. Sooo much banked on this one. So far so good on $GGT. It'll be even better IF they get the DRIP discount fixed on Fidelity (Gabelli is working the issue) before the next DRIP shares drop! 🍀🍀🥃
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PennyWeasel
PennyWeasel May. 5 at 8:47 PM
$GGT SInce we're going to get the Discounted DRIP fixed on this one via Fidelity, DTC, the transfer agent and Gabelli, I added more today at $4.17! Not going any higher but I still have my $4.15 GTC in. Expires the EOB the day before ex-div. 🥰🍀🍀🥃 Now, if we could just get $CLM and $CRF to DRIP already! That would make for a...
1 · Reply
PennyWeasel
PennyWeasel May. 5 at 7:56 PM
$GGT @Keith1950 🍀🍀🥃
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Keith1950
Keith1950 May. 5 at 6:03 PM
$GGT So my previous post actually applied to $IGR, not GGT. It appears I tried to drip both IGR and GGT but didn't get the discount on either one and I selected drip at least 10 days before ex-div day.
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Keith1950
Keith1950 May. 5 at 5:45 PM
$GGT So, I'm with Fidelity, I got into GGT in January and selected drip for my $21 div in February. No discount and I'm pretty sure I selected drip in plenty of time, but I'll double check.
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PennyWeasel
PennyWeasel May. 5 at 1:43 PM
$GGT Order in for $4.15. Bought a few shares yesterday at market for $4.17... Otherwise... It's like a Twilight Zone episode around here. 🤣🍀🍀🥃
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MoonBeamSF
MoonBeamSF May. 4 at 2:00 PM
$GGT @PennyWeasel @PennyWeasel I think the confusion comes from a few sentences down past where you highlighted. "If the NAV is higher than the market price" then you just get the market price. So last month GUT sp was above NAV and shares on drip came in at $5.95 following the first set of rules, but GTT sp was below NAV on day of valuation so drip was done at $4.12. following the other rule. GGT only trades at a premium about 11% of the time, while GUT trades at a premium 86% of the time. More likely to get discount shares of GUT than GGT. But discount GGT shares are possible if at premium at time of valuation.
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PennyWeasel
PennyWeasel May. 4 at 1:37 PM
$GUT $GGT Right now, based solely on the 52-Wk Premium to NAV average, the Goot's SP equates to $6.19 and GGT equates to $4.25. Both DRIP with a 5% discount to market price calculated on "pay date" closing price. 🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 2 at 12:58 PM
$GGT $GUT Breaking News! GGT DOES indeed offer a 5% DRIP Discount! Hmmm. According to their Annual Report, Pg. 84, they DO indeed offer a 5% DRIP discount. I've been under the impression it did not. Why? I think because when I first bought GGT (02/19/26, 1st divv. paid 03/24) I set my position to DRIP and asked the question here. The response was "No, they don't" ("GUT does, GGT does not") so I flipped it to CASH for my first divvi and have been parroting the same since. My bad, my apologies! Bad weasel, bad! I usually set my 1st divvi to DRIP to test real-time. I didn't this time. I took somebody's word for it (not pointing fingers). That'll teach me, 😐 and ya'll for listening to me and not testing or looking up docs yourself. 🤣 Just changed my position to DRIP! Only 2-mths (March/April) so not too too devastating. Here are screen shots of GGT & GUT Annual Report references to 95% of market price if it's higher than NAV (which of course it is). 🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 2 at 11:57 AM
$GGT $GUT Good SA write up on GGT. Rates it a BUY with normal CEF cautions, etc. One comment mentioned that it came with a 5% DRIP discount. Unless something has changed, it does not. Gonna double check that later on today to verify one way or the other. 🥰🍀🍀🥃 https://seekingalpha.com/article/4897166-ggt-collect-20-percent-dividend-yield-from-telecommunication-sector
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PennyWeasel
PennyWeasel May. 1 at 1:37 PM
$GGT Now this is just funny! Huh? I had placed a buy order for $4.11 for regular session. It filled at the open (09:30:01) at $4.10 (part of a mass group of 7,914 shs). After that, $4.11's started filling. 🤣🥰 I'll take the win no questions asked! 🍀🍀🥃
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PennyWeasel
PennyWeasel May. 1 at 11:25 AM
$GGT Shhhhhh 🤫🤫 Right or wrong, good or bad, but based on the NAV bump of $0.10 (most lemmings unaware???) and heading towards ex-div date (the 14th), I quietly picked up some $4.11/$4.12 shares at PM open. The early 🐦 gets the 🪱 and all that! Still have the $4.05 GTC sitting there JIC. 🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 1 at 6:34 AM
$GUT $GGT Both Gabelli sites have been updated to the correct Yazoo numbers mentioned below. No longer off their rocker. It "could" be a good day come Friday. 🥰🍀🍀🥃
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PennyWeasel
PennyWeasel May. 1 at 2:09 AM
$GUT $GGT Someone is off their rocker and I'm think'n it's Gabelli! What's go'n on Gabelli? A check of their website shows as of today (the 30th) no changes to either GUT or GGT NAVs. Same-Same as yesterday ($3.23 and $3.72). *Correction: Rereading my post from yesterday (not sure what I was smok'n yesterday, old and forgetful) I said GGT NAV was $4.11. Duh! Not $4.11, GGT NAV was $3.72. Ya'll readers need to read more better! 🤣 In any event... That's what Gabelli has for today's NAV's: $3.23 and $3.72. I'm think'n BOGUS! Fast forward to XGUTX and XGGT for today: $3.31 (up $0.08) and $.3.82 (up $0.10)!!! I'm liken and believing that over what Gabelli is currently showing! Based on premium to NAV stats: GUT at $6.23, GGT at $4.25! Tomorrow "could" be smok'n HOT! 🔥🔥🥰🥰🍀🍀🥃
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