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Gabelli Multimedia Trust Inc. (NYSE:GGT), currently valued at $145.85 million and offering an impressive 23.41% dividend yield according to InvestingPro, announced Tuesday it has entered into an amended sales agreement with G.research, LLC to offer and sell up to 10 million shares of its common stock through at-the-market transactions. The agreement was amended on October 10, 2025, and the offering commenced Tuesday, according to a statement filed with the Securities and Exchange Commission.
Under the amended agreement, shares will be sold from time to time at prices not less than the current net asset value per share plus the commission payable to the sales manager. The offering will be conducted pursuant to the company’s effective shelf registration statement on Form N-2, which includes a prospectus supplement dated Tuesday and an accompanying prospectus dated April 19, 2024.
Gabelli Multimedia Trust’s common stock, as well as its 5.125% Series G and Series E Cumulative Preferred Stock, are listed on the New York Stock Exchange under the symbols NYSE:GGT, NYSE:GGTPrG, and NYSE:GGTPrE, respectively.
A legal opinion from Venable LLP regarding the validity of the shares is included as an exhibit to the filing. The company stated that the registration statement incorporates the exhibits filed with the report. InvestingPro data reveals that GGT has maintained dividend payments for 16 consecutive years, with additional insights available to subscribers.
This information is based on a press release statement contained in the company’s SEC filing.
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