other material
confidence high
sentiment neutral
materiality 0.60
Gabelli Multimedia Trust starts ATM offering of up to 5M common shares at or above NAV
GABELLI MULTIMEDIA TRUST INC.
- Entered into a sales agreement with G.research, LLC to sell up to 5,000,000 common shares at the market.
- Minimum sale price per share cannot be less than current NAV per share plus the per-share commission.
- Offering commenced on April 21, 2025 under an effective shelf registration statement (File No. 333-277213).
- Proceeds will be used for general investment purposes of the fund.