other material
confidence high
sentiment neutral
materiality 0.50
Gabelli Multimedia Trust launches transferable rights offering at $5.00 per share; expires July 22, 2024
GABELLI MULTIMEDIA TRUST INC.
- One right per share held on record date June 28, 2024; 4 rights + $5.00 purchase one common share.
- Over-subscription privilege allows fully-exercising holders to buy additional shares pro-rata.
- Agreements with Computershare (Rights Agent) and Morrow Sodali (Information Agent) executed.
- Offering expires at 5:00 PM ET on July 22, 2024, subject to extension.
- Subscription certificates and prospectus mailed to shareholders beginning July 3, 2024.