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Stock impact report

Gabelli Multimedia Trust Reaffirms Its 10% Distribution Policy and Declares Third Quarter Distribution of $0.22 Per Share

Gabelli Multi-Media Trust, Inc. (The) (GGT) 
US:NYSE Investor Relations: gabelli.com/funds/products/-112.html
Company Research Source: Business Wire
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 distribution payable on September 22, 2017 to common stock shareholders of record on September 15, 2017. The Fund intends to pay a quarterly distribution of an amount determined each quarter by the Board of Directors. Under the Fund’s current distribution policy, the Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. The average net asset value of the Fund is based on the average net asset values as of the last day of the four preceding calendar quarters during the year. The net asset value per share fluctuates da Show less Read more
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