Gabelli Multimedia Trust Alerts Common Stock Shareholders to Rights Offering Expiration Date of July 22, 2024
July 15 2024 - 9:42AM
The Gabelli Multimedia Trust’s (NYSE: GGT) (the “Fund”)
transferrable rights offering to acquire additional shares of
common stock expires at 5:00 PM Eastern Time on July 22, 2024,
unless extended. The Fund encourages shareholders to take action
this week.
SUMMARY OF THE TERMS OF THE OFFERING
- Each shareholder received one
transferable right (the “Right”) for each share of common stock
held on the record date (June 28, 2024).
- Four Rights plus $5.00 (the
“Subscription Price”) are required to purchase one additional share
of common stock (the “Primary Subscription”). The purchase price
will be payable in cash. Fractional shares of common stock will not
be issued upon the exercise of Rights.
- Record date shareholders who fully
exercise their Primary Subscription Rights will be eligible for an
over-subscription privilege entitling these shareholders to
subscribe, subject to certain limitations and a pro-rata allotment,
for any additional shares of common stock not purchased pursuant to
the Primary Subscription at the same Subscription Price. Rights
acquired in the secondary market may not participate in the
over-subscription privilege and any record date shareholder who
sells any Rights will not be eligible to participate in the
over-subscription privilege.
- The Rights trade on the New York
Stock Exchange (NYSE: GGT RT).
- The Offering expires at 5:00 PM
Eastern Time on July 22, 2024, unless extended. Rights may be
exercised at any time during the subscription period.
Inquiries regarding the Offering should be
directed to the Fund at 800-GABELLI or 914-921-5070. Beneficial
shareholders should contact their Financial Advisors to take
action.
The Offering is made pursuant to the Fund’s
effective shelf registration statement on file with the Securities
and Exchange Commission.
The information herein is not complete
and is subject to change. This document is not an offer to sell
these securities and is not soliciting an offer to buy these
securities in any jurisdiction where the offer or sale is not
permitted. This document is not an offering, which can only be made
by a final prospectus supplement and accompanying prospectus.
Investors should consider the Fund’s investment objective, risks,
charges and expenses carefully before investing. The base
prospectus contains this and additional information about the Fund
and the prospectus supplement will contain this and additional
information about the Offering, and should be read carefully before
investing. For further information regarding the Offering, or to
obtain a prospectus supplement and the accompanying prospectus,
when available, please contact the Fund at 800-GABELLI or
914-921-5070.
The Gabelli Multimedia Trust Inc. is a
non-diversified, closed-end management investment company with $175
million in total net assets whose primary investment objective is
long-term growth of capital. The Fund is managed by Gabelli Funds,
LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).
NYSE – GGTCUSIP – 36239Q109
Prospectus Supplement |
For information:Carter Austin(914)
921-5475Laurissa Martire(914) 921-5399 |
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THE GABELLI MULTIMEDIA TRUST INC.One Corporate Center Rye, NY
10580-1422t 914.921.5070GABELLI.COM |
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